Giampietro Manenti insisted he “will not sell Parma” after a meeting with investor Alessandro Proto came to nothing.

The patron met with Proto today and reports emerged that he asked for €5m to buy Parma Calcio, which was considered “absurd.”

Manenti had bought the side for just €1 due to the huge debts and the situation has only deteriorated further since then.

Giampietro Manenti insisted he “will not sell Parma” after a meeting with investor Alessandro Proto came to nothing.

The patron met with Proto today and reports emerged that he asked for €5m to buy Parma Calcio, which was considered “absurd.”

Manenti had bought the side for just €1 due to the huge debts and the situation has only deteriorated further since then.

“We never asked Proto for €5m to sell Parma. Some reports say €500,000, then €5m. We’ll think about March 19, which is more important,” Manenti told Tuttomercatoweb.

On Thursday the bankruptcy tribunal will be held, so Parma could be declared insolvent or more likely put into controlled administration.

“We hope that we won’t go bankrupt. In fact, in our minds controlled administration isn’t going to be an issue either.

“We will pay the employees, that is all part of the plan we prepared and can discuss after March 19. That day there will be a tribunal, we will add more documentation to the dossier already presented and then we’ll see.

“I have never said that I will sell Parma. I merely noted there were three options: we sell, we go forward or we go bankrupt. I see no other alternatives. Having said that, I absolutely will not sell Parma.

“I think Proto wants to participate in future, but we’ve done so much and I am not going to just sell the club with three days to go.

“I can assure everyone the money will be there. It’s not virtual, I have the money and I just need to put them at the disposal of the club.”

If Parma are allowed to continue in Serie B next season, having resolved their debt issues, which Coach would Manenti hire?

“I’d like Pierpaolo Bisoli.”

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