HomeNewsGovernanceFootballItaly

Financial issues relegate Palermo to Serie C

Italian side Palermo will be relegated to Serie C despite finishing the Serie B season in third place and earning a spot in the promotion playoffs.

The Italian Football Federation (FIGC) Federal National Court ruled yesterday that the club finishes bottom of Serie B and is relegated “for a series of management irregularities by several former directors”.

It is alleged former owner Maurizio Zamparini committed money laundering, selling the Palermo brand to a company he created for a significant sum, before renting it back to the club for a minimal amount.

It is thought the club will appeal the decision which could lead to more disruption in the Italian second tier. Serie B was forced to start the 2018-19 campaign in September with only 19 teams due to numerous cases of financial irregularities.

The relegation comes just over a week after Arkus Network SRL, a facilities management company, completed its surprise takeover of the club.

Most recent

Formula One is likely to implement virtual advertising more widely in its global broadcast feed following its sponsorship and data rights partnership with ISG. But the sport needs to be careful not to fall foul of broadcast regulations concerning product placement. Ben Cronin reports

German football has earned praise for its blend of ideological purity and commercial nous, but calls to reform restrictions on private ownership and investment are growing. With the Bundesliga’s media rights coming to market, Callum McCarthy explores how the league’s commercial performance over the next 18 months could shape its long-term future.

Paul Rabil, who, with his brother Mike, started up the Premier Lacrosse League in the US, talks to Bob Williams about how they plan to make a success of the new league and about the challenges of setting up a new sports league from scratch.

After suffering early growing pains, the Big3 basketball league appears to have found its feet ahead of its third season this summer. Bob WIlliams reports.