Serie A strugglers Parma will be sold by auction later this month.
The club, one of Italy’s most successful clubs in the 1990s, went into administration three years ago following the collapse of its parent company Parmalat.
“Parma will be going to auction. In the past month there has been a lot of interest in the club and it seemed right to capitalise on that,” managing director Roberto Cappelli told Gazzetta di Parma newspaper.
“If we act quickly – and that will depend on the buyer – the sale could go through in time for the new owner to make moves in the January transfer window.”
The two-time UEFA Cup winners announced last year that it had been bought by former Real Madrid chairman Lorenzo Sanz, only for the deal to fall through.
This time Cappelli said he was confident a deal could be reached.
“The base of the auction, which we will indicate when the time to make binding bids comes, will be considerably lower than the 27.5 million euros asked previously,” said Cappelli.