Art.52, Norme organizzative interne della FIGC ("Article 52 of the Italian Football Federation regulations for internal organisation") governs the status of phoenix clubs of football in Italy.
According to Comma 3, a new company may replace a bankrupt football club from the same city.
With this acquisition, the new company has to take over the liabilities to pay any costs, as well as any outstanding taxes.
Ratified in 2004, instead of acquiring the sports title by clearing the debt, FIGC awards the title to a new company based on the historic sporting merit of an old club.
These cases were privately managed by the FIGC without specific rules as the ACF Fiorentina case in 2002: Comma 10 of the article allowed a new company to be admitted to Serie D in order to replace the old football club that was not admitted to professional leagues.