Former Parma coach Nevio Scala is shocked by their financial meltdown.
There's big concerns Parma won't last the season.
"I'm in disbelief and I'm disgusted," Scala told Radio Rai.
"I can't understand what's happened, the club has been excluded from European competition, with the loss of millions [of Euros] which could have potentially solved the problem until the end of the season.
"Hopefully this situation will be addressed with determination and seriousness.
"Parma cannot disappear from the world of football."
