Serie A Side Parma, $106 Million In Debt, Declared Bankrupt

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Serie A side Parma, who are dead last and a sure thing to be relegated, was declared bankrupt in Italian court today, according to The Guardian. While it looks like they will finish out the Serie A season—possibly with funding from the league or Italian soccer federation—there remains the possibility that the club will be dissolved, and all their remaining opponents credited with 3-0 victories.

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