new director stating that the club required a re-capitalization of at least €20 million. Vi.Fin. S.p.A., a special purpose vehicle for a consortium of new investors, provided just €2.5 million new shares of the club in May 2016. Immediately before the recapitalization, Vi.Fin. acquired most of the shares of the club from Finalfa S.r.l., a company owned by Sergio Cassingena. Former Vicenza chairman Tiziano Cunico and CEO Dario Cassingena were also sued by the prosecutor of Italian Football Federation (FIGC) in September 2016 for allegations of reporting false profits from player exchanges with Parma; where prices were inflated relative to their performances in the first team. The players under the investigation that involving Vicenza were Sandrini (sold to Parma for Malivojević; both players were tagged for €1.2 million) Eventually the club and directors were inadmissible from the charge due to expiry of the legal proceeding. In a different matter, Dario Cassingena was sentenced 10 months (in probation) by the Court of Vicenza, after the football club failed to paid the value-added tax in time. On 1 June 2017 the contract of general manager Andrea Gazzoli was resolved in a mutual consent and on 5 June, Alfredo Pastorelli resigned as the chairman; citing the financial troubles of the club. On 10 July 2017, Luxembourg-based Boreas Capital Sàrl announced it would buy the club. The parent company of Boreas Capital was Dubai-based G.S. Holding. However, the club faced another financial trouble during the first season of new ownership. Football Italia reported that the club failed to pay the wage since September 2017. Vicenza was declared bankrupt on 18 January 2018. The team finished as the 17th of the group B of 2017–18 Serie C season, beating Santarcangelo in a relegation "play-out" matches. The Rosso years: L.R. Vicenza Virtus/L.R. Vicenza On 24 May 2018, Bassano Virtus, a fellow Serie C team also from the Province of Vicenza owned by Renzo Rosso and his family, were relocated to Vicenza for the 2018–19 Serie C, starting using also the white-and-red Vicenza colours and being renamed L.R. Vicenza Virtus, while keeping both the youth systems of Vicenza and Bassano. The new club was lately formalized as a merger between the original Vicenza and Bassano Virtus, following Rosso family's OTB Group's acquisition of some of the assets of Vicenza Calcio in order to make the merger possible. The newly-formed L.R. Vicenza Virtus finished in eighth place in