Troubled Ascoli now bankrupt

Former Serie A club Ascoli have been declared bankrupt by an Italian court.

Last Updated: 18/12/13 at 14:42 Post Comment

Ascoli: Lega Pro Prima club declared bankrupt

Ascoli: Lega Pro Prima club declared bankrupt

Attempts to save the 115-year old club from financial ruin were unsuccessful.

"Ascoli's bankruptcy was inevitable," judge Raffaele Agostini told Italian media inside the courtroom.

"I am a judge but also a great fan of Ascoli but unfortunately, we have to respect the law.

"There was no possibility of postponing the ruling because there are demands that have to be taken care of immediately.

"There are sporting demands as well as judiciary ones.

"From a sporting standpoint, you have the tournaments that have to continue while from a legal side, there are important suits in Florence, Milan and Ascoli, in which a sum of money has to be given to creditors.

"The tribunal has appointed three professionals as club liquidators, one of whom is Franco Zazzetta, who already distinguished himself after working on the (football club) Sambedenettese bankruptcy case.

"I have urged the liquidators to get to work as soon as possible, there is no time to waste."

Ascoli have competed 16 seasons in Serie A since 1974, the last in the 2006-07 campaign before being demoted and falling into financial trouble.

The Marche region club has played this season in the third-tier Lega Pro Prima Division.

Related News

Most Commented

Readers' Comments

I

put Ince in my fantasy football team, so it's no surprise at all really. I do that to players. Also responsible for De Jong and Upson being injured. Think I'll transfer in Di Maria just to ruin United....

megabrow (cufc)
F365's Top Ten Surprise Strugglers

L

ovren? £20m always seemed a touch on the expensive side, but I wasn't expecting him to be quite such a waste of money

stevenjameshyde
F365's Top Ten Surprise Strugglers

H

alf of our players have the physical presence of a 14 year old girl. I don't know why people are always shocked that they're injured.

TheWhiz
Wenger baffled by injuries

Footer 365

Transfer news: Mats Hummels remains fully committed to Borussia Dortmund

Mats Hummels is flattered to be attracting interest from over Europe but has no intention of leaving Borussia Dortmund.

Championship: Fulham owner Shahid Khan names five-man search party for new manager

Danny Murphy, Brian McBride, and Sky Sports pundit Niall Quinn will help Fulham's search for their new manager.

Manchester United confirm Ander Herrera has suffered a broken rib

Manchester United have confirmed that Ander Herrera suffered a fractured rib against West Ham on Saturday.

Mail Box

#Usingfootballersnamesineverydaylife

We have the last of these as well as mails on Liverpool, Wayne Rooney, QPR, Arsenal's injuries and more. It's a mailbox that's Alonso rather than Rafael, if you will...

How Much In 'Pounds Raheem Sterling'?

A whole lot of you use footballers' names in everyday life. And you hate yourselves for it. As you should. We also have mails on Newcastle, Rooney and more...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property