For the first time in 114 years, that is, since its founding in 1911, the Brescia soccer team will most likely not be able to participate in the professional leagues. The club's disputed president, Massimo Cellino, has failed to pay wages and contributions in arrears totaling about 3 million euros that he was supposed to pay by Friday afternoon, June 6: without these payments, the team will not be able to register for the Serie C championship, the third and last men's category of professional soccer in Italy. The deadline to register is technically June 24, but without payments it is highly unlikely that the team will find a way to do so. The club is also at risk of bankruptcy proceedings being initiated because of its accumulated debt of about 9 million euros. In recent weeks Cellino had tried to sell the team to a U.S. fund, and according to local newspapers negotiations had continued until a few days ago. Cellino was aiming to get the fund to pay the 3 million euros to guarantee the team's registration for the championship, but the potential buyers did not agree. In theory now Brescia could play the next championship in the non-professional soccer categories, either Serie D or Eccellenza. Or it could even disappear.