Parma have been docked a further two points by the Italian Football Federation after they once again failed to pay their players on time, reports Sky Sports.
The previous European Cup winners are going through a financial crisis after failing to pay bills last season and they now face a real possibility of going extinct before the season ends in May.
Parma are already bottom of the Serie A table after struggling all season, but with the issues off the pitch mounting up, their results on it are the least of their concerns right now.
Despite finishing sixth in Serie A last season, Parma were banned from featuring in the Europa League due to their financial situation, and since then, they have had four presidents trying to save the club and all failing.
Due to financial problems, Parma have had to cancel all laundry services at the club as they cannot afford to run hot water, all their assets from the training ground are up for sale to try and raise some money through an auction and they are struggling to play the matches due to match-day costs.
The last two weeks the club have had to forfeit the matches for one reason or the other.
A home game was cancelled due to the club not being able to afford match-day stewards, and then an away game was cancelled as they couldn't afford to get the players to the stadium.
However, they did manage to play last weekend as they picked up a draw against Atalanta, and they also played last night but suffered a 4-1 loss to Sassuolo.
The recent two point deduction now sees Parma 15-points from safety, but with relegation looming to Serie B, it could get a lot worse with their bankruptcy hearing taking place in a few days time.
Failure to Compete
If Parma fail to complete the rest of the season, they will automatically be dropped down to amateur leagues.
They were docked points back in December for the same reason by the FIGC and two of their former presidents have been banned for four months.
In order to try and help out the Italian club, the rest of the teams in Serie A all got together and donated £3.5million to Parma so that they could complete the rest of the season.
However, if they fail to complete the matches, all games will be forfeited and result in a 3-0 defeat.
Their bankruptcy hearing is scheduled for the 19th (Thursday) and that could be the day that Parma cease to exist.