Cellino plans appeal after Brescia liquidation affects Tonali funds
Yahoo Sports • 1 min read • Latest: Jul 30, 2026, 6:05 PM
Last updated Jul 30, 2026
Massimo Cellino intends to appeal the recent judicial liquidation of Brescia Calcio, declared on July 28, which terminated the club's operations after 114 years. The court ruling resulted from significant financial issues, including €20 million in debts. Following Brescia's collapse, about €4 million that was designated for the club from Sandro Tonali's transfer to Tottenham will now be directed to a FIFA fund instead. Cellino argues the liquidation ruling stems from a misinterpretation and asserts a communication error in the case handling. He aims to rectify the impact of this ruling on Brescia's creditors.
- •Brescia declared judicial liquidation on July 28.
- •The club had €20 million in debt.
- •Tonali's transfer to Tottenham triggered solidarity funds.
- •Cellino claims a misinterpretation caused the liquidation.
- •He plans to formally challenge the court's decision.
- 6:05 PMYahoo Sports — Cellino vows appeal as Brescia collapse sends Tonali solidarity cash from Tottenham move to FIFA
"Brescia’s financial collapse has dealt Massimo Cellino one final blow: the roughly €4m the club stood to receive in connection with Sandro Tonali’s move to Tottenham will instead go to a FIFA fu...
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