Piacenza declared bankrupt

Piacenza Calcio has officially gone bankrupt, ending a 93-year history in Italian football that included long Serie A spells, Football Italia reported.

Piacenza will reportedly be able to complete the Lega Pro season, but at that stage the club will cease to exist.

There is to be an auction at the end of the campaign that will allow any new investors to buy the Piacenza brand, but they would have to begin with a new name and from a lower division.