Rebirth and another bankruptcy (2004–2015) The club re-formed as Parma Football Club SpA in June 2004P (as a subsidiary of being liquidated Parma AC SpA) and the 2004–05 season saw Parma plummet to its lowest finish in Serie A – despite a second consecutive 23-goal haul from Gilardino, who was then sold for €25 million – as managers came and went. Parma ended the following season, its first without European competition since 1991, in tenth, but returned in 2006 after the Calciopoli scandal. thumb|upright|left|Hernán Crespo represented the club in two spells (1996–2000 and 2010–2012), winning three trophies and becoming the club's all-time record goalscorer.
Rebirth and another bankruptcy (2004–2015) The club re-formed as Parma Football Club SpA in June 2004P (as a subsidiary of being liquidated Parma AC SpA) and the 2004–05 season saw Parma plummet to its lowest finish in Serie A – despite a second consecutive 23-goal haul from Gilardino, who was then sold for €25 million – as managers came and went. Parma ended the following season, its first without European competition since 1991, in tenth, but returned in 2006 after the Calciopoli scandal. thumb|upright|left|Hernán Crespo represented the club in two spells (1996–2000 and 2010–2012), winning three trophies and becoming the club's all-time record goalscorer.