Financial crisis hammers lower league clubs in Italy

At least four third-tier Italian clubs will not take part in this season's championship because of financial difficulties, soccer federation president Giancarlo Abete said on Monday. Treviso and Venezia, who have both played in Serie A in the last decade, and relegated Serie B clubs Pisa and Avellino failed to give sufficient economic guarantees to authorities.
"They will not enter next season. In these important places for our football, it is now crucial to find businessmen who can breathe new life into the clubs and keep finances balanced," Abete told Italian radio.