Former Serie A side Parma are being forced to put the club’s silverware up for auction after being placed into insolvency last season.
The club which was historically one of Italy’s most successful, now has an estimated debt of around €218 million.
This forced the Italian FA to relegated Parma after they declared bankruptcy back in March and the club has since dissolved with a successor being forced to start life again in Serie D.
And it’s understood that in order to pay off some of the old club’s massive debts, they are being forced to sell trophies won between 1992 and 2000.
This silverware up for auction reportedly includes:
- Coppa Italia 1992
- UEFA Cup Winner’s Cup 1993
- UEFA Super Cup 1994
- UEFA Cup 1995
- Coppa Italia 1999
- UEFA Cup 1999
- Supercoppa Italiana 1999
- Coppa Italia 2002
The club are also looking to sell the Parma brand and the club’s video archive in order to raise much-needed funds.
Twitter of course was quick to react to the news that one of football’s most recognisable clubs was forced into such a desperate move:
Hope a guardian angel swoops in to buy Parma's UEFA Cup, then gives it back to the poor club.
— Kirsten Schlewitz (@kdschlewitz) August 13, 2015
— Betting Directory (@ukBettingNews) August 13, 2015
The sadness continues for Parma, as the club is now selling their trophies. Accepting bids for both their UEFA & Coppa Italia cups.
— Matteo Bonetti (@TheCalcioGuy) August 13, 2015
Feel so sorry for Parma. ?
— Nathan (@nathanc71013) August 13, 2015
Parma are so deep in debt that they are now selling their trophies. Must be a strange feeling. Usually Italian clubs do the opposite.
— Andreas Vou (@AndreasVou89) August 13, 2015
Other things put up for auction: - 3 x Coppa Italia - 2 x UEFA Cup - TVs - Training videos - Medical/Gym equipment -The Parma FC trademark
— Messi Minutes (@MessiMinutes) August 13, 2015
Parma are selling their trophies. Now that is real shame. Too tragic.
— Hamza (@wingsforus) August 13, 2015
What's currently happening to Parma is painful
— Kroos_fan (@LadKroos) August 13, 2015
— Conor McManus (@ConorMcManus87) August 13, 2015
So sad to hear about Parma. Auctioning trophies off is just beyond me
— asiah (@asiyahval) August 13, 2015
Lol oh Parma where is Crespo and Buffon come and help your people https://t.co/5EOVaf42aF
— KAY (@quophi_kay) August 13, 2015
Are there any "I bet Inter made a bid" jokes left about Parma's trophies being up for auction or did you guys use them all already?
— Adam Digby (@Adz77) August 13, 2015
I want to buy Parma's UEFA Cup. Anyone have a link to the auction?
— Varun Mathure (@Varun_Mathure) August 13, 2015
A truly sad state of affairs for a club who once boasted the star power of Gigi Buffon, Fabio Cannavaro, Hernan Crespo, Hristo Stoichkov, Lillian Thuram, Juan Sebastian Veron and Gianfranco Zola.