Overview

• On August 6, Judge Anna Ghedini declared SPAL Srl bankrupt and appointed a curator to oversee judicial liquidation
• The club’s historic name, crest and related assets have been placed on the auction block to raise funds for creditors
• SPAL faces over €10 million in liabilities owed to about 70 creditors, including players claiming roughly €1.2 million in unpaid wages and other staff arrears
• Creditors’ claims will be examined at a passive-state hearing scheduled for December 11 after an early November submission deadline
• Successor organization Ars et Labor has registered for the amateur Eccellenza division but cannot use SPAL’s historic identity or branding