Football: Italian Federation passes plan to rescue Parma

(AGI) Milan, Mar 6 - The Italian Football Federation (FIGC) hasgiven its support to a plan to help Parma continue playing inthe the current championship despite upcoming bankruptcyprocedures. Sixteen club presidents voted for the plan, threeabstained (including Napoli) and Cesena voted against it. Theplan will come into play on March 19, the date the bankruptcyprocedures take effect. It includes the creation of a fund of 5million euros, of which two will come from the so-called finesfund. FIGC president Carlo Tavecchio commented after themeeting: "I'm going to Parma with the Director General

(AGI) Milan, Mar 6 - The Italian Football Federation (FIGC) hasgiven its support to a plan to help Parma continue playing inthe the current championship despite upcoming bankruptcyprocedures. Sixteen club presidents voted for the plan, threeabstained (including Napoli) and Cesena voted against it. Theplan will come into play on March 19, the date the bankruptcyprocedures take effect. It includes the creation of a fund of 5million euros, of which two will come from the so-called finesfund. FIGC president Carlo Tavecchio commented after themeeting: "I'm going to Parma with the Director General of theFederation to deliver this proposal, which seems reasonable tome, particularly for the players." Before the plan can becarried out, it needs to be approved by the bankruptcy trusteeand by the players of Parma. "The plan confirms that theFederation is ready to help Parma to continue playing in thechampionship," said FIGC deputy president Maurizio Beretta atthe end of the meeting. "The solution matches the period inwhich bankruptcy procedures have started, so if an officialreceiver is appointed on March 19 and this person decides tocontinue with the club, we will come into action," he added."We will discuss the details with this receiver, identifyingthe best ways to use these resources, which are not unlimited.The idea is to draw money from the fines fund, which isnormally used for solidarity purposes. We have asked presidentTavecchio to estimate the club's financial needs. Now thepresident has left for Parma where he will meet with theplayers and present the plan. We hope they will agree with it." Parma's upcoming two matches against Atalanta and Sassuoloare not at risk. "I foresee no problems for the matchesscheduled until March 19," said the Federation chief. Commenting on a letter sent to the Federation by Sky about adistorted championship, Beretta said: "I'd better leave thosediscussions to our lawyers. Commenting would beinappropriate.". .