Tuesday, January 2, 2007
Crisis-club Parma set to go up for auction
ROME, Jan 2 (Reuters) - Serie A strugglers Parma, run by temporary administrators for the last three years, will be sold by auction later this month.
'Parma will be going to auction. In the past month there has
been a lot of interest in the club and it seemed right to
capitalise on that,' managing director Roberto Cappelli said in
an interview in the Gazzetta di Parma newspaper.
'If we act quickly - and that will depend on the buyer - the
sale could go through in time for the new owner to make moves in
the January transfer window.'
The twice UEFA Cup winners have been led by a temporary
administration since their former parent company Parmalat went
bankrupt in December 2003.
Last year the club announced it had been bought by former
Real Madrid chairman Lorenzo Sanz, only for the deal to fall
This time, insisted Cappelli, the club's temporary
administration was determined to reach an agreement.
'The base of the auction, which we will indicate when the
time to make binding bids comes, will be considerably lower than
the 27.5 million euros asked previously,' said Cappelli.
Parma lie 19th in the 20-team division with 12 points from