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5 Huge Clubs That Went Bankrupt

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  1. Parma

 

It is sad to see Parma down to the rags which were once home to the likes of Buffon, Thuram, and Zola. Crespo’s effort both as a player and manager were tremendous but his latter role could not save them from getting relegated from Seria-A.

It is of utter disgrace that Parma are currently reeling in the4th division of Italian league and their glorious history now seems to be locked inside the pages.

Rumors have that a mammoth €197 million debt was totaled and things got worse after they could not even pay their stewards their deserved salaries. They have to climb a very steep mountain to at least promote themselves to the 1st division.

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