Well enroute to Serie B, Sampdoria are struggling off the pitch as well, as their precarious financial standing now looks edgy enough to deem them insolvent. Owner Massimo Ferrero is in dire need of patrons who can rescue the Blucerchiati from embarrassment as June 20th nears – the deadline to register for the next season.
Time is running out for the team to salvage itself from a situation that could very well see them melt and fall out of existence. Sampdoria have €30M in arrears, as reported by Calciomercato, forcing Ferrero to reach out for bailout options to inject finances into the side, perhaps in the form of an extended loan.
The most pressing deadline is that of the IRPEF – the tax settlement, which arrives in ten days. Based on the installment plan granted, Sampdoria will need to part ways with €1.2M on April 28th and one month later at the end of May.
#Samp vicina al baratro, per #Garrone i responsabili sono “#Ferrero e l’attuale CdA” https://t.co/n94yMDggsF
— La Gazzetta dello Sport (@Gazzetta_it) January 23, 2023
Failing to pay the initial installment according to the plan with FIGC will threaten the Blucerchiati with an additional fine of a staggering €25M upon their existing debt, which means an overall negative balance of more than €50M.
The large part of the €30M fine, amounting to €22.5M, includes player salaries and income tax arrears, which have not been paid and are due at the end of May. The remaining balance is with regards to the debts accrued by Sampdoria in transfer market transactions.
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