Milan, 28 July (LaPresse) – Brescia Calcio has gone bankrupt. This was decided by the Court of Brescia, which ordered the compulsory liquidation of the club, which had already been excluded from professional competitions. The ruling by the insolvency judges – according to lawyer Luca Bonavitacola, legal counsel to chairman Massimo Cellino – acknowledges the club’s total liabilities of 20 million euros, comprising 10 million in loans and 10 million owed to preferential creditors and others. “It’s a shame,” commented the lawyer, referring to a decision that “was inevitable and a foregone conclusion; I haven’t yet spoken to President Cellino”. It is unlikely that the ruling will be appealed. Creditors must now submit claims to be included in the list of creditors within the deadlines set by the Court for the creditors’ meeting in the autumn.
Football: Court declares Cellino’s Brescia bankrupt, with debts of 20 million
Milan, 28 July (LaPresse) – Brescia Calcio has gone bankrupt. This was decided by the Court of Brescia, which ordered the compulsory liquidation of the club, which had already been excluded from professional competitions. The ruling by the insolvency judges – according to lawyer Luca Bonavitacola, legal counsel to chairman Massimo Cellino – acknowledges the club’s total liabilities of 20 million euros, comprising 10 million in loans and 10 million owed to preferential creditors and others. “It’s a shame,” commented the lawyer, referring to a decision that “was inevitable and a foregone conclusion; I haven’t yet spoken to President Cellino”. It is unlikely that the ruling will be appealed. Creditors must now submit claims to be included in the list of creditors within the deadlines set by the Court for the creditors’ meeting in the autumn.
