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18 October 2019The Palermo court, accepting the prosecution's request, declared the Palermo football bankrupt. The decision of the judges of the bankruptcy court of the capital, was filed this morning.

Rosanero Us City of Palermo Spa
The bankruptcy concerns the old company Rosanero Us Città di Palermo Spa for which the prosecutor had already requested the state of insolvency, an application that was rejected. The new instance of bankruptcy was presented by the prosecutors and the players of the team. According to the judges, "the existence of a state of insolvency has been established, taking into account the enormous debt burdens on the company".

The decision was preceded by a request for an arrangement, which the judges evidently considered to be interchangeable. The judicial commissioners, appointed in the attempt to proceed with the arrangement, will now be the curators of the bankruptcy procedure. The declaration of bankruptcy inevitably complicates the judicial fate of the former patron Maurizio Zamparini under trial for hypothesis of false accounting committed while he was president of the company, as the insolvency would lead to the contestation of the most serious crime of fraudulent bankruptcy.