Former Serie A side Parma President Giampietro Manenti has said that Inter Milan's finances are "in a worse state than when Parma went into bankruptcy," according to Ben Gladwell of ESPN. In his first interview since being arrested on the eve of Parma's official bankruptcy, Manenti "accused the police and football authorities of joining forces to condemn the Emilia-Romagna club," saying that he was "powerless to prevent their situation." Manenti said, "I read in the Gazzetta dello Sport that Inter have a debt of €417 million ($457M), so why don't Inter fold like Parma did? It was written that we had €200 million ($219M) of debts, but the actual maximum would have been around €60-80 million ($65.8M-$88M)." Manenti bought the 1995 and 1999 UEFA Cup winners in early Feb. '15 for just €1M from "an Albanian and Russian conglomerate." Just over a month later, the club was declared bankrupt and Manenti "was arrested for what he claimed were alleged irregularities over a credit card," which had a limit of €500 ($548). Manenti: "It was a huge investigation, wasn't it? ... They did their investigation in five days and arrested me on March 18, when March 19 was the day which was decisive for determining the destiny of Parma. Does that sound like a coincidence to you?" (ESPN, 3/3).
