Ascoli declared bankrupt

Former Serie A club Ascoli were declared bankrupt by an Italian court on Wednesday.

Last Updated: 18/12/13 at 14:29 Post Comment

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

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 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.


New Sky Bet customers: Free £30 matched bet


More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

I

t's why Mourinho is so successful. He gives players a specific, limited set of functions to perform. They are but a cog in a machine. Do no more, do no less. I assume he learnt it from LvG :)

red_devil83
Fellaini Has Politely Become Undroppable

I

really hope that someone in the mainstream media spots that the Bayern manager played for and managed Barcelona quite well, and thinks to mention it in the build up. That would be really interesting.

megabrow (cufc)
Barcelona to face Bayern

Y

our gob says one thing, Brendan, the results say something else.

balls-to-monty
Rodgers bullish over Anfield future

Footer 365

Marouane Fellaini: I never lost my quality during first Man Utd season

Marouane Fellaini has taken a swipe at his critics, saying his fruitful time at Everton was "quickly forgotten".

Hazard, Costa, Terry among six Chelsea players in PFA's Premier League team of the year

Six Chelsea players have been named in the Professional Footballers' Association's Premier League team of the season.

Tottenham and Everton winger Aaron Lennon investigated by police

Greater Manchester Police are investigating claims that Aaron Lennon assaulted a woman in a Manchester nightclub.

Mail Box

Chelsea Millions Should Buy Better...

For the money they have spent, Chelsea should be playing like the Harlem Globetrotters rather than Atletico. We have mails on Cesc, Brendan Rodgers and...

Brendan Rodgers Is David Cameron...

Rodgers is compared to the Prime Minister, insomuch as he has a right to peddle bulls**t, apparently. Plus why comparing Arsene Wenger to Diego Simeone is a mug's game...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company