Friday 3 February 2023 Dublin: 10°C
EMPICS Sport Hernan Crespo scored 70 goals in four seasons with Parma between 1996-2000.
# Downfall
The team that every football hipster adored in the 90s are now worth less than Simon Mignolet
Parma have fallen dramtically from their heyday 15 years ago.

GIANLUIGI BUFFON. HERNAN Crespo. Juan Sebastian Veron. Lillian Thuram. Fabio Cannavaro. Dino Baggio. Faustino Asprilla. Gianfranco Zola. Ariel Ortega.

The cast of characters that populated Parma’s team during the 90s really was a joy to behold. Unforuntately, their financial problems have now gotten so great that you can purchase the club for less than it cost Liverpool to bring Simon Mignolet in from Sunderland (€12m).

Parma’s administrators have announced they have yet to receive any offers for the club and will reduce the asking price to €11.25million. The Serie A strugglers were put up for sale last month with a starting price of €20m, but there have been no official bids.

As a result, the asking price has been lowered in an attempt to attract investors, with the club set to play in Serie B next season following their relegation from Italy’s top flight.

A statement released by the club on Monday read: “No binding offer for the purchase [of Parma] has been delivered to Julius Almansi, appointed by judge Pietro Rogato to oversee the sale of Parma.

“The new deadline for submission of tenders is set for May 22. As specified by the tender rules, the base price for the third procedure will be lowered by 25 per cent to €11.25million.”

Parma – whose relegation was confirmed at the end of April – were declared bankrupt in March with debts of €218m, and have been deducted points on three occasions for failing to pay their staff.

Could all the football hipsters in the world not pass around a collection beanie hat and attempt to put Parma back where they belong?

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