Calcio in Crisis: A Tragedy of Italy's Bankrupt Clubs

In 2002, one of the most iconic clubs in Italy declared bankruptcy. Struggling to balance the books after a decade of decadent, and excessive, spending, it had all ultimately backfired for Fiorentina. June 2002 saw the Viola officially announce administration. I Gigliati (The Lillies) had wilted, and ultimately died, from an unsustainable period of spending.  Fiorentina were…

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