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Massimo Ferrero: Sampdoria financial aid reports are 'false'

Sampdoria president Massimo Ferrero has denied reports he is seeking financial help from the club's former owners after the Blucerchiati posted an operating loss in 2014.

A report in the Milano Finanza newspaper on Wednesday claimed that Ferrero was not prepared to invest any of his own money into the Genovese club he acquired from the Garrone family a year ago, but was instead going to ask them to balance the books for him.

The film-maker has rejected all the reports and hit back at those who have written them, insisting that the club is not in the red and not at any risk of following in the footsteps of Parma.

"Now let's bring an end to these false and tendentious reports which only undermine the credibility of our football," Ferrero wrote in a tweet. "Our garden is in great health."

Ferrero continued with another tweet five minutes later: "Get your hands off my Sampdoria. The only red I know is my grandma's lipstick. You are all envious. Do no evil, have no fear."

The Serie A club subsequently released a statement "confirming the absolute economic stability" of the club, explaining that the "losses made in 2014 have long since been recovered" and that their budget for the next financial years "fully respects the financial fair play criteria."

They have warned the media to stop spreading rumours to the contrary "aimed at destabilising the club and the fans," adding that those reports on Thursday had been fabricated.

Sampdoria qualified for the Europa League at the end of Ferrero's first season in charge, even though his arrival to replace the Garrone family, which had controlled the club for 12 years, was met with concern by some Blucerchiati fans.

In 2009, Ferrero's airline Livingston was declared bankrupt with a loss of €40 million, resulting in 500 people losing their jobs.