Lega Serie A

The total cumulative debt of football clubs in Serie A, Italy’s top division, has increased to more than €1.7bn ($1.9bn), according to newspaper La Gazzetta dello Sport.

The Italian Football Federation (FIGC) and Lega Serie A have been criticised after Parma’s match against Udinese on Sunday was postponed amid an escalating financial crisis at the former club.

Maurizio Beretta, president of Lega Serie A, has confirmed that the top-tier of Italian club football has “unanimously” approved the use of goal-line technology (GLT) from the 2015-16 season.

Italian Football Federation (FIGC) president Carlo Tavecchio has said he hopes to win approval this year for a reduction in the size of Serie A from 20 to 18 clubs, stating the move will help address an “implosion” of the domestic football system.

Italian Football Federation (FIGC) president Carlo Tavecchio has said he is keen to introduce goal-line technology (GLT) into Serie A next season, while Parma has been hit with a one point penalty for breaching financial regulations.

Jim Pallotta, chairman and president of Italian Serie A football club AS Roma and managing director of financial services firm Raptor Group, is the latest speaker to be revealed for the Leaders Sport Business Summit in London on October 8-9.

James Pallotta’s US consortium has strengthened its hold on AS Roma after acquiring Italian banking group UniCredit’s stake in the Serie A football club.

Serie A team Parma has lost its appeal against the Italian Football Federation’s (FIGC) decision to deny it a license to take part in Uefa competitions next season.

Cagliari is set to become the latest Italian Serie A football club to assume foreign ownership after current owner Massimo Cellino revealed a deal has been agreed to sell the team to an American consortium.

Rob Ridley spoke to the masterminds behind AS Roma’s new stadium about the rationale for its mix of contemporary and historic architectural design.

Italian football registered a six per cent fall in attendance during the 2012-13 season while the debt of Serie A clubs increased to €2.947bn ($4.1bn), according to an annual report by the Italian Football Federation (FIGC).

The top tier of Italian football, Serie A, has taken the unusual step of demanding a clampdown on fan protests following a series of demonstrations at games.

US private investment firm Starwood Capital Group will partner AS Roma on the development of its proposed new stadium after acquiring a minority stake in the Italian Serie A football club.

Italian Serie A football club AS Roma has taken another major step in its efforts to further its development by unveiling the masterplan for a new 52,500-seat stadium.

Only six Italian Serie A football clubs turned a profit during the 2012-13 season, according to a report by the Gazzetta dello Sport.

AC Milan owner Silvio Berlusconi has maintained that he has no intention of selling the Italian Serie A football giant, amid renewed speculation regarding its long-term future.