Parma loses appeal, Europa League place handed to Torino
MAY 29, 2014 12:15p ET
The Italian football federation denied Parma the license after a mistake saw the club underpay a tax bill by 300,000 euros ($408,000).
On Thursday, Italy's High Court rejected Parma's appeal. The club is likely to take the matter to the Court of Arbitration for Sport.
Pending the outcome of that appeal, Torino has been awarded Parma's place in next season's Europa League.
Torino missed out on European football with virtually the last kick of the season, finishing a point and a place behind Parma in the Serie A standings.