In December 2008, the debt-ridden club was legally declared out of business and its control passed to a bankruptcy trustee appointed by the Court of Pescara.

In February 2009, a takeover from a group named Delfino Pescara 1936 was finalized with Deborah Caldora becoming the first woman to serve as chairman of the club.

In the meantime, results did not improve significantly and in March, Giuseppe Galderisi was dismissed from the head coaching post with Antonello Cuccureddu being appointed as the new boss.

The following season started with the appointment of Zdeněk Zeman as new head coach; the Czech manager immediately brought Pescara back into national coverage thanks to his well-known all-attacking playing style that turned out to match perfectly with promising youngsters such as Marco Verratti with loanees Ciro Immobile and Lorenzo Insigne, who guided the squad to promotion to Serie A. Pescara secured promotion to the top-level after a 19-year absence after defeating Sampdoria with a 3–1 score in an away match on 20 May 2012.

[1] Three years later, under World Cup winner Massimo Oddo, the team returned to Serie A with a 3–1 aggregate win over Trapani in the playoff final.

[6] Following an online competition to ease children's boredom during the coronavirus lockdown, the team adopted six-year-old Luigi D'Agostino's shirt design for the 2020 season.