macdonald mariga Italian club parma have been declared bankrupt and will be forced to drop down to Serie D, according to a court decision.
The Italian club finished sixth in Serie A in 2013-14 but rejection from the Europa League over financial issues set off a series of ownership changes and problems which led to them finishing bottom of the league in the recently-concluded campaign.After the deadline for new ownership bids passed without any interest officials declared Parma would be demoted to the amateur divisions rather than the second tier which their relegation would otherwise have meant.
Serie
D is the fourth tier of Italian football and the highest amateur division, with
ninth-tier Terza Categoria the lowest they could have sunk.
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