Cesare Prandelli was announced as the new man-in-charge of the Emilian side in May 2002. However, once more the winning players from the previous season were sold to raise money: Fabio Cannavaro went to Internazionale when he was club captain, Marco Di Vaio to Juventus and Johan Micoud to Werder Bremen and Parma slipped to an early season defeat in Tripoli to Juventus in the 2002 Supercoppa Italiana, but the depleted squad managed to finish above expectations in fifth place with the goals supplied by Adrian Mutu and Adriano in an attacking 4–3–3 formation, making up for the departure of Marco Di Vaio, and defensive solidity provided by Daniele Bonera and Matteo Ferrari. The following season, The sale of left-sided captain-to-be Mutu to Chelsea, injury to star striker Adriano, the culmination of Parmalat's financial meltdown - which resulted in the arrest of president Calisto Tanzi for embezzlement of money from parent company Parmalat and the re-formation of the club under a new name, Parma Football Club - and the threat of the club's continuing existence made life difficult for Parma, but they again finished fifth, in no small part due to the prolific Alberto Gilardino, who netted 23 league goals, a club record. On 28 April 2004, however, the club was declared insolvent. Calisto Tanzi's resignation came in January 2004.