Parma have returned to Serie B after earning their second straight promotion on Saturday.
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Fallen Italian giants Parma have taken their first significant step towards returning to the top flight by winning promotion from Serie D.
Inter Milan's finances are in a worse state than when Parma went into bankruptcy, according to the latter club's former president.
"AC Milan would like to underline the legality of the operation," the club said via statement
Manenti has been banned from football for five years for trying to use cloned credit cards in a failed attempt to help the squad avoid bankruptcy.
Supporters turned out in force to support Parma Calcio 1913 at the weekend as the newly formed club beat Arzignanochiampo away in their Serie D debut.
Creditors representing Parma are seeking to recoup as much money from the now defunct club as possibleby selling the club's silverware.
A new Parma club backed by pasta maker Guido Barilla and other business executives has been approved to compete in Serie D.
AC Milan will sign defender Jose Mauri from Parma subject to the player passing a medical.
Parma Calcio 1913 will start a "new chapter" for the club and the city after its official unveiling on Wednesday, according to one of its backers.
Former coach Nevio Scala is leading a group of investors applying to revive bankrupt club Parma in the fourth division.
Former Parma coach Roberto Donadoni has broken his silence on the trials and tribulations he had to endure last season at the Serie A club.
Parma have announced bankruptcy as baseball legend Mike Piazza withdraws takeover bid, club will to start next season in amateur-level Serie D.
Following their bankruptcy in March and subsequent relegation, two investment groups have been cleared to begin takeover talks for Italian club Parma.
Having terminated his contract with Parma, Biabiany is set to join Inter next season, just as long as he can prove he is fit enough to resume playing.
Fiorentina made it three Serie A wins in a row and moved up to fifth in the standings by beating relegated Parma 3-0 at the Stadio Artemio Franchi.
Parma goalkeeper Antonio Mirante has accepted an apology from Gonzalo Higuain for the insults that led to the Napoli forward being fined €10,000.