Reports: Serie A club Parma FC dissolved and relegated

Parma have been 'dissolved' and will be relegated to Serie B. Sad stuff for anyone old enough to remember *that* team from the late 1990s.

Terrible news: Parma has been dissolved (automatically relegated). Each game scheduled now against them is auto 0-3. http://t.co/0K6V34JdAV

Terribly sad to hear Italian side Parma have been dissolved and relegated from Serie A. Another name consigned to the history books.

BREAKING: Parma has been dissolved and automatically relegated. Thanks for the memories and the great kits. http://t.co/6NWkgDDyji

Mayor of #Parma “I see nothing reassuring from a financial standpoint & the problem is not only an economic one but also one of credibility"

Should #Parma be unable to play remaining @SerieA_TIM fixtures, their results-to-date would still stand, remaining games become 3-0 losses

Terrible news: Parma has been dissolved (automatically relegated). Each game scheduled now against them is auto 0-3. http://t.co/aMQtFbgnUo

Have a look at the squad Parma had in the 1998–99 season. Won the UEFA Cup and Coppa Italia with these players: http://t.co/9kdsqlmHg2

Parma's bankruptcy and relegation isn't only tragic for Serie A, but for the entire footballing world - http://t.co/7VnfDsmyoB

Sad what happened to Parma but a lesson to the football world - fiscal responsibility is key to running a competitive football organization.

Parma youth coach Hernan Crespo: "We didn't have money for warm water so players would get sick taking freezing showers."