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Palermo declares bankruptcy and changes its name

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Palermo had passages from renowned players in world football such as Cavani | Sky Sports

The team could not handle the financial problems and declared bankruptcy 

Palermo declared bankruptcy this Friday afternoon, the 18th. The club had been facing serious financial problems, which caused it to be relegated to the 4th division of the Italian Championship last season.

The information was given by the portal Corriere Dello Sport. Which also announced the name change by the team.

Now, the Unione Sportiva Città Palermo is now called Società Sportiva Dilettantistica Palermo, as a way of maintaining the team, which turned 119 years old.

The club had passages from renowned players in world football, such as Cavani, Luca Toni, in addition to being Dybala's first club in Europe.

 


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