According to the well-known Italian journalist Schila, the former Serie A team Livorno faces the risk of disappearing due to the lack of funds.
Livorno faces the risk of disappearing because the 920,000 euros required to pay wages and register new players are not in place. Spinelli, the chairman of the club, paid 10% of the funds, while the chairman of the Novara Club paid 21%, but Cerea Bank did not pay the remaining 650,000 euros.
Livorno once played in Serie A, but was eventually relegated to a lack of strength. Last season due to a poor record, the team was relegated to Serie C.
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