Latest news from Italy:
1. Parma's general manager Nebiolo has told the press that Parmalat should convert some credits they have towards Parma A.C. in capital. They can't actually pay out any money, but they do can convert the credits. If this does not happen by December 31st, the club will be liquidated.
The amount of new capital needed is of 77 million Euros.
2. Nakata is going to Bologna on loan for the rest of the season. Only details remain to be discussed.
3. Ferrari, Bonera and Gilardino are heavily linked with Juve by Parma local media. Of these, Ferrari will move in June, Gilardino will probably move in June and then remain at Parma on loan for the 2004/2005 season, Bonera will probably move to Juve, but could also go to Milan as he's an AC Milan fan.
4. Frey has already been sold to Chelsea for the 2004/2005 season for an undisclosed fee.
5. In January, Seric will move to Brescia, with Pisano coming to Parma. This will probably be a loan exchange deal.
6. In June, Adriano will move to Inter for a compensation of 18 million Euros.
I repeat, these are not simple rumours but news from Parma local media.
Also, the law that allows Italian clubs to pay extraordinary decreases of value of the players in the accounting in 10 years instead of 1 has already been applied to Parma's accounting, so that's not the point.
1. Parma's general manager Nebiolo has told the press that Parmalat should convert some credits they have towards Parma A.C. in capital. They can't actually pay out any money, but they do can convert the credits. If this does not happen by December 31st, the club will be liquidated.
The amount of new capital needed is of 77 million Euros.
2. Nakata is going to Bologna on loan for the rest of the season. Only details remain to be discussed.
3. Ferrari, Bonera and Gilardino are heavily linked with Juve by Parma local media. Of these, Ferrari will move in June, Gilardino will probably move in June and then remain at Parma on loan for the 2004/2005 season, Bonera will probably move to Juve, but could also go to Milan as he's an AC Milan fan.
4. Frey has already been sold to Chelsea for the 2004/2005 season for an undisclosed fee.
5. In January, Seric will move to Brescia, with Pisano coming to Parma. This will probably be a loan exchange deal.
6. In June, Adriano will move to Inter for a compensation of 18 million Euros.
I repeat, these are not simple rumours but news from Parma local media.
Also, the law that allows Italian clubs to pay extraordinary decreases of value of the players in the accounting in 10 years instead of 1 has already been applied to Parma's accounting, so that's not the point.