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

Y

ou can't blame De Gea for wanting to leave, he has enough to do in front of goal as it is as well as taking on the role of Man Utd's version of Derek Acorah in trying to contact and organise a defence that isn't there.

rodger's gusset
Van Gaal downbeat on De Gea

I

f you want to take six points off Arsenal, then that's a great strike force. Can't imagine either of them showing much for the rest of the season though...

foot in mouth
Adebayor & Berbatov: You Have To Admire The Balls

L

ooks like Real get their man, most likely at their own valuation, yet again. Resistance is futile.

paul7702
Van Gaal downbeat on De Gea

Footer 365

Digne agent denies Liverpool talks

Lucas Digne's agent has denied reports he has held talks with Liverpool regarding a move to Anfield for the Paris Saint-Germain left-back.

Mourinho scuppered Reds' Costa move

A new biography has revealed how Jose Mourinho scuppered Liverpool's bid to sign Diego Costa - a year before he arrived in west London.

Ramos 'extends' Real Madrid contract

Manchester United's pursuit of Sergio Ramos is over after the centre-back agreed a new contract extension at Real Madrid.

Mail Box

De Gea Disrespectful? Remember RVP...

We got dozens of mails from people pointing and laughing at Brian D for suggesting David de Gea has acted disrespectfully; we printed some. And there's more...

Getting Tired Of De Gea's Disrespect

One Manchester United fan is growing weary of David de Gea's disrespect. Plus thoughts on Southampton's summer, Balotelli loan, and Depay in the centre. Why?

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