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UPS AND DOWNS OF ITALIAN FOOTBALL: 5 LANDMARK BANKRUPTCY CASES

... 1996-1997 season. The magnificent game that Paolo Rossi played in the club's jersey became the legend of the world sports. After bankruptcy, the club was acquired by Stefano Rosso, who made a fortune in the fashion industry. As a result, the club's team successfully ... ... ‘Napoli’ Football club The famous Napoli also went bankrupt in 2004. The legendary team, which twice became the champion of Italy and won the UEFA Cup, collapsed due to debts in the amount of € 70 million. The Neapolitans might have started sprinkling ...

Legendary Italian airline Alitalia operates its final flight

... infection had literally ‘killed’ Alitalia airline company. It became known that on October 14, the flight from Cagliari to Rome will be the last in the 75-year history of the air carrier. The reason for the liquidation of the aviation enterprise is bankruptcy. From Friday, flights will be operated by another company (ITA, Italia Trasporto Aereo), in which some of Alitalia's employees will work. Losses have plagued the company since 1999. The state authorities, apparently, are tired of allocating ...

1.4 MILLION ITALIANS MAY GO BANKRUPT BY JULY 2021

... citizens and businesses by mid-summer. According to the experts' forecast, 1.4 million Italians and almost 1.3 million legal entities may be overboard. The reason for this will be the expiration of the governmental decrees that provided residents of Italy with a deferral to pay off debts to the country's credit institutions. We are talking about debts of the total amount of almost € 300 billion - about 198 billion euros are owed by commercial organizations and 95 billion euros more are owed to ...

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