No money, no Serie A
Messina and Torino have been expelled from Serie A because they have no money.
The Italian Football Federation came down hard on both clubs Friday.
This is not a new precedent in Italy as Fiorentina was expelled a few seasons ago (on top of relegation) from Serie B to Serie C for the poor state of its finances.
Perugia and Salernitana from Serie B are also getting the rabbit-ears-relegation. (If you don’t know what that means, pull your pocket linings from your front pockets all the way out and up, presto, no money but a pair of rabbit ears)
Messina are appealing but Bologna could profit by taking their place in the Italian top flight. I don't know, its kind of hard appealing being bankrupt.
These kinds of regulations force good governance on clubs which private ownership schemes often can hide. I’m glad Italy is doing this, the more transparency the better. Notice Fiorentina is back in the top flight and doing quite well.