Link: The Parmalat Scandal
The football club is the 28th company in the group to seek the protection of the Italian courts, but will now be able to continue to operate free from the threat of creditors’ action.
The club applied for insolvency status to the Civil Court of Parma on 21 April. The application was accepted just two days later.
The club was reportedly struggling with debts of €310m (£207m).
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children