The asking price for potential owners of beleaguered Serie A club Parma is 20 million Euros, with a deadline of May 6 set for bids to be made.
Parma has begun the process of securing its long-term future after being put up for sale with a starting price of 20 million Euros.
The Serie A strugglers were declared bankrupt in March with debts of €218m, and have been deducted points on three occasions for failing to pay staff throughout the season.
A rescue package was put together by the league to ensure they could complete the current campaign, but their future remains uncertain.