Under replacement Renzo Ulivieri, the club lost the Coppa Italia final to Fiorentina. Under Pietro Carmignani in 2002, Parma won the third Coppa Italia trophy against Juventus (but would slip to defeat in the 2002 Supercoppa Italiana) and finished outside the top six for the first time since promotion in 1990. This success earned it a tag as one of the "Seven Sisters". In April 2004, the club was declared insolvent following the financial meltdown of Parmalat and the club remained in special administration for three years.