Parma's sale has been completed.

The identity of the buyers has not been made public.

Parma have announced that Doctor Pietro Doca will be the new President of the struggling club, which has had a point deducted for financial problems.

"Following the press release on 11.12.2014, Parma now announces the new organisation," the Ducali said in a statement on their official website.

"President - Doctor Pietro Doca; Vice President - lawyer Fabio Giordano; general manager - Pietro Leonardi.

"Details of the transaction and the new corporate structure will be presented by the new shareholders in a Press conference on December 19 at 18.00 in the Stadio Ennio Tardini press room."

New President Doca also spoke to the site, expressing his delight at acquiring Parma.

"I'm thrilled to finally announce to Parma fans that after a lot of hard work, the purchase has been completed successfully," Doca told the website.

"Myself and my colleagues want to work to ensure this glorious company a solid future.

"I Thank Tommaso Ghirardi for his commitment and dedication in recent years for the good of Parma."