Football
9y

Parma miss payment deadline, debt collectors recover assets

#INSERT type:image caption:Parma is still struggling to meet its debts and pay its players and staff. END#

Debt collectors have arrived at Serie A club Parma to recover assets after the club missed a deadline to pay outstanding wages, according to La Gazzetta dello Sport.

According to La Gazzetta, a bailiff arrived at the club's Collecchio training ground on Tuesday morning and seized two vans and a car, which were towed away from the club's premises. They were taken to cover a reported shortfall of 100,000 euros in overdue tax payments.

Worse could follow for Parma if their employees, including playing staff, go through with their threat of serving a default notice. They had set a deadline for Monday night at midnight, yet the wages still had not hit their accounts by then.

"We're still optimistic," said the club's general manager Pietro Leonardi to La Gazzetta as he reported for work on Tuesday. "Last night, we saw the numbers on the bank transfers and we're expecting the situation to be resolved."

Missing the midnight deadline imposed by the players and other creditors will nevertheless result in further punishment for the Serie A strugglers, who have already had one point docked for failing to pay wages and taxes in August.

A further punishment of two points is likely to cover their continued failure to pay wages up to the end of 2014 with an additional three points to be docked for missing Monday's cut-off date. As a result, Parma would find themselves with only five points, 18 adrift of safety.

The players still arrived for training on Tuesday with Fabiano Santacroce saying: "We don't know absolutely anything. We want to know about the situation before this afternoon's training session. All we can do is hope for good news, even though we'll train in any case."

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