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Two Groups Cleared For Takeover Talks Regarding Italian Club Parma

Two parties "have been cleared for talks to take over" bankrupt Italian football club Parma, according to the AP. One party is reportedly led by former Major League Baseball player Mike Piazza and the other by local businessman Giuseppe Corrado, who runs a national cinema chain. A statement on Parma's website said that two newly registered companies, Piazza's Nuovo Parma Calcio S.r.l. and Corrado's Magico Parma FC S.p.A., have "presented the proper paperwork and deposits to move forward with negotiations." After finishing last in Serie A, Parma was relegated to the second division and needs to register for Serie B "by the end of the month." Otherwise it "may have to restart in the fourth division" (AP, 6/13).

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