Serie A voted Friday to give cash-strapped Parma a $5.5 million emergency fund so that the club can finish the season.
Serie A voted Friday to give cash-strapped Parma a $5.5 million emergency fund so that the club can finish the season, according to the Associated Press.
Parma has has not paid its players or staff all season and is over $110 million in debt. The club has already had to indefinitely postpone games against Udinese and Genoa.
According to the AP, 16 of Serie A's 20 teams voted in favor of the emergency fund, with three abstaining and one voting against it. The fund will come "from money that clubs pay to the league for fines from crowd trouble and other violations.
Italian football federation president Carlo Tavecchio will present the plan to Parma's players. Under the plan, Parma would be required to play its next two matches before a bankruptcy hearing is held on March 19.
Parma is currently at the bottom of the Serie A table with 10 points in 23 games. The club plays Atalanta on Sunday.
- Molly Geary