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 By Ben Gladwell

AC Milan deny wrongdoing in Gabriel Paletta transfer

Milan snapped their five-match winless streak with Saturday's 2-1 win over Roma.
AC Milan say there was no foul play in the transfer of Gabriel Paletta from Parma in February.

AC Milan have released a statement refuting any wrongdoing in the transfer of Gabriel Paletta from Parma in February.

The Parma Tribunal have opened an investigation into what they believe could be fraudulent activity in the sale of the Italy international from the debt-ridden and now defunct Parma FC to the Rossoneri.

The 29-year-old was signed for a sum of €2.5 million,...

Ex-Parma chief Giampietro Manenti banned 5 years for bankruptcy role

Former Parma president Giampietro Manenti has been banned from football for five years.

ROME -- Former Parma president Giampietro Manenti has been banned from football for five years for trying to use cloned credit cards and other illicit means in a failed attempt to help the squad avoid bankruptcy.

The Italian football federation's disciplinary court announced the decision on Tuesday, after Manenti was arrested earlier this year on charges of money laundering and...

 By Ben Gladwell

Parma Calcio 1913 fans out in force for Serie D debut

Parma supporters are showing support for the new club as they begin life in Serie D.

Supporters turned out in force to support Parma Calcio 1913 at the weekend as the newly formed club beat Arzignanochiampo away in their Serie D debut.

Parma were wound up this summer after going bankrupt last season, but Parma Calcio 1913 has been formed to fill the void and began life in the fifth tier with a 1-0 win.

The new club -- whose president is Nevio Scala, who coached Parma from Serie B to success in the European Cup Winners' Cup and UEFA Cup in the early 1990s -- were followed by an estimated...

 By Ben Gladwell

Parma creditors put club's trophies up for auction

Parma have played their last game after declaring bankruptcy.

Creditors representing Parma Football Club, which went bankrupt last season, are seeking to recoup as much money from the now defunct club as possible by selling their silverware.

Among the items being sold at an auctions are the 1993 UEFA Cup Winners' Cup -- won at Wembley thanks to a 3-1 win over Royal Antwerp -- the 1994 UEFA Super Cup and the 1999 UEFA Cup.

Interested parties can view the items on the website fallimentiparma.com and must notify the creditors of their bid by Sept. 11.

Whoever...

New club Parma Calcio 1913 approved to play in Serie D

Parma were liquidated last season after declaring bankruptcy, and a new team will take their place in the city.

PARMA, Italy -- A new Parma club backed by pasta maker Guido Barilla and other business executives have been approved to compete in Serie D after the previous squad went bankrupt.

The Italian football federation chose the team named Parma Calcio 1913 -- after the founding year of the city's original squad -- over another entrant led by Giuseppe Corrado, who runs a national cinema chain.

Parma Calcio 1913 have the backing of the city's mayor.

In March, Parma were declared bankrupt with debts of more...