Brescia Football Club, a 114-year-old institution, is on the verge of bankruptcy after owner Massimo Cellino failed to settle outstanding debts. The club`s supporters are furious as the team faces an uncertain future.
The Serie B side was already struggling, having been penalized with a four-point deduction earlier this year due to financial irregularities. Now, the situation has worsened as the club missed the deadline to pay €3 million in overdue wages for the past two months.
With the payment deadline passing without any action from Cellino, Brescia is now likely to be declared bankrupt. This development could see the club forced to start anew in Serie D, Italy`s fourth tier of football, if new ownership can be found.
There remains a slim possibility that new investors could take over from Cellino and allow the team to continue in Serie C, but time is rapidly running out for such a scenario.
This crisis marks the latest controversial chapter in Cellino`s football career. The Italian businessman previously owned Cagliari for over two decades and had a brief, tumultuous spell at Leeds United in England before acquiring Brescia in 2017.
As it stands, Brescia`s rich history in Italian football may come to an abrupt end, leaving fans devastated and the future of the club hanging in the balance.