Association Insolvent: Court Sealed After 114 Years the Out of Brescia Calcio
27 Articles
27 Articles
In Italy, the Brescia Court has declared the 114-year-old club Brescia Calcio bankrupt and initiated liquidation proceedings after it failed to meet its debt burden, which amounted to 20 million Euros.
A court initiated liquidation proceedings, due to millions of debts and a chain of financial problems
The process that culminated in the extinction of Brescia was not sudden. At the time 2024/25, the club was punished by the Italian Football Federation with a loss of points in the B Series, for late wages.
La Justicia decreed the institution's bankruptcy after a debt of about 20 million euros and a year outside of professional football.The club, founded in 1911, played 30 seasons in Serie A and was also home to several Argentine footballers, including Matías Almeyda and Rodrigo Palacio.
Brescia, one of the most traditional clubs of Italian football and responsible for revealing names like Andrea Pirlo and Sandro Tonali, had the judicial liquidation decreed by the Court of Brescia, ending a history of 114 years. The decision confirms the disappearance of the professional football team after a serious financial crisis that led to the accumulation of a debt close to €20 million. The judges concluded that the club was in a "clear s…
Brescia Calcio's jersey wore world stars. Now the 114-year-old Italian club is history. A court liquidated it. The decisive crash occurred within a few months.
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