Historic Italian football club Brescia goes bankrupt
Italian businessman Massimo Cellino has owned the Lombardy club since 2017.
Cellino was previously the owner of English side Leeds, where he was known for his managerial swinging door policy and his problems with the courts.
The 68-year-old had until Friday to pay part of €8 million in tax arrears.
Brescia's failure to pay the sum has resulted in the club losing the right to take part in the Italian league system.
The club were deducted four points by the tribunal of the Italian football federation (FIGC) for their financial woes.
As a result of the sanction, Brescia, which finished the Serie B season in 15th place with 43 points, dropped to 18th place with 39 points, resulting in relegation to the third-tier Serie C.
Brescia spent 23 seasons in Serie A, with their best performance being an eighth-place finish in the 2000-2001 season.
Famous past players of the club include Italian internationals Roberto Baggio, Alessandro Altobelli, Andrea Pirlo and Luca Toni, as well as current Manchester City boss Pep Guardiola, who played there between 2001 and 2003.
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Local Italy
17 hours ago
- Local Italy
Historic Italian football club Brescia goes bankrupt
Italian businessman Massimo Cellino has owned the Lombardy club since 2017. Cellino was previously the owner of English side Leeds, where he was known for his managerial swinging door policy and his problems with the courts. The 68-year-old had until Friday to pay part of €8 million in tax arrears. Brescia's failure to pay the sum has resulted in the club losing the right to take part in the Italian league system. The club were deducted four points by the tribunal of the Italian football federation (FIGC) for their financial woes. As a result of the sanction, Brescia, which finished the Serie B season in 15th place with 43 points, dropped to 18th place with 39 points, resulting in relegation to the third-tier Serie C. Brescia spent 23 seasons in Serie A, with their best performance being an eighth-place finish in the 2000-2001 season. Famous past players of the club include Italian internationals Roberto Baggio, Alessandro Altobelli, Andrea Pirlo and Luca Toni, as well as current Manchester City boss Pep Guardiola, who played there between 2001 and 2003.
Local Italy
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Seven things to do before leaving your Italian rental apartment
Renting For Members It's move-out day – follow these steps to make sure it goes smoothly and avoid getting hit with extra charges. As if finding an apartment in Italy wasn't hard enough, now you're looking to move – and breaking a lease comes with all sorts of new complications which you might not be prepared for. And as with landlords everywhere, forgetting something minor can mean losing out on a big piece of your deposit. But don't stress: once you know what to expect, you'll find that it's not too different from what you might be used to at home. Here are a few things to know about leaving an apartment in Italy – and what to do if your soon-to-be-ex-landlords are difficult about your departure. Step 1: Give your notice In case you don't know already, Italian rental contracts are very different from those in many English-speaking countries. These leases tend to benefit the tenant, with long terms of several years. But there's one big way in which they protect landlords: they demand lengthy notice periods if you plan to leave before your time is up. In most contracts, a standard requirement is six months' notice (though this can be negotiated before signing – as with everything that follows, read your lease to be sure!) Tenants must also provide a reason why they want to break their lease, and it can't be as simple as: 'I wanted to move to a better place.' Reasons must be involuntary, unforeseeable, and unpreventable, or you could be on the hook for rent and other 'economic damages' to the landlord until they are able to find a replacement tenant. Example reasons could be moving to take care of an elderly relative, moving for work, or major, documented problems with the building that the landlord has failed to address. Once you have your reason, giving your notice isn't as simple as calling up your landlord. You'll need to formally request a break to your lease (a disdetta, in Italian) by sending a certified email (PEC) or mailing a lettera raccomandata, i.e. tracked by the postal authority. Your letter should include your name and signature, address details, reason for termination, and contract registration number, which you should find on your lease. Early termination also entails a fee of €67 Step 2: Cancel your utilities You'll want to come to some agreement with your landlords over what to do about the utilities. Sometimes, they will want you to arrange for a transfer to their name – if, for example, the property will sit vacant for a time. If they do not want them transferred, it's on you to arrange the cancellation. Make sure to call your utility providers with ample notice to arrange for the cancellation of your account. Step 3: Remove your things Pack up your things and get ready to move – and don't forget anything. 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Step 6: Hand over the keys Say your final goodbyes, and take your keys back to your landlord. You'll be expected to return as many keys as you received at the outset (or face a fee to replace them). Though it's not legally required, your landlord should then perform an inspection and prepare a handover report (verbale di riconsegna) detailing the condition of the apartment and any damages, confirming you returned the keys and the apartment in good order. This report should be drafted with your participation and consent. Make sure to review it closely – if something is not mentioned in the report, you may use that fact to protect yourself from paying for damages down the line. Step 7: Pay your rent (and damages) You will need to pay your rent right up until the property is returned to the owner. Unlike in many other countries, your deposit cannot be used to pay outstanding rent without an explicit agreement between the parties. 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Moving to Italy: Tax break rules and what UK and US citizens need to move in 2025
Here at The Local we're an international team living in Italy - which means we've either grown up navigating Italian bureaucracy or been through the simultaneously exciting and nerve-wracking process of moving countries. You can sign up to receive our special Moving to Italy newsletter in your inbox before we publish. Just use the sign up box below or go to your newsletter options. What Brits need to move to Italy in 2025 If you're planning to relocate to Italy as a British citizen, there's a number of practical things to consider. Since Brexit came into force, UK nationals have been subject to the same restrictions on immigration as other non-EU citizens – so those hoping to make the leap will need to start by looking into their visa options. But getting your visa is just the first step: once you've arrived in Italy, you'll need to apply for a residency permit, register with the national health service, convert your driving licence, and open an Italian bank account. For US nationals moving to Italy, all the above considerations apply, along with some additional hurdles. Unlike the UK, the US does not have a reciprocal driving licence agreement with Italy, meaning US residents will need to resit their driving test (in Italian) to continue driving after the first 12 months of residency. And as the US taxes its citizens based on citizenship rather than residency, US nationals living in Italy will need to file yearly tax returns in both countries. That said, there is a reciprocal treaty in place between Italy and the US aimed at mitigating double taxation. The treaty sets out guidelines which can be used to help determine how different types of income should be taxed, and by which country, as well as providing a framework that allows for the use of various tax exemptions and credits. How does Italy's 'impatriate' tax scheme work in 2025? Since 2015, Italy has had a special tax scheme for new residents designed to lure back workers who moved abroad or attract new talent. Unfortunately for people interested in taking advantage of the scheme, in 2024 the eligibility restrictions were significantly tightened and the incentives watered down. Currently, only 'highly qualified' individuals who have lived outside the country for at least three years can benefit from the regime. If you do meet the criteria, though, you could receive a 50- to 60-percent discount on employment-based earnings for the first five years after becoming resident in Italy – so if you're considering a move, it's well worth looking into. Seven things to know before moving to Italy's Puglia region Puglia has long been a favourite destination for beach holidays among Italians, and its popularity among international visitors has exploded in the last decade. But what's it like to actually live in this southeastern region that forms the 'heel' of the Italian boot? For one thing, you'll need to ask yourself whether you can stand the sometimes oppressive heat, as temperatures can climb into the high 30s (Celsius) in the summer. You can also expect your neighbours to ply you with food and take a keen interest in your life – and be expected to reciprocate.
