The latest reports from Italy suggest Parma's salvation will not come from Leeds United's owner.
According to a report from Parma Live, the Italian club will have to look elsewhere for their financial saviour with the prospect of Massimo Cellino selling Leeds United and riding to the rescue of the Serie A side ruled out.
Last month, the Yorkshire Evening Post reported that Cellino may sell Leeds and pour his money into Parma, who have recently been declared bankrupt and will be forced to play in their country’s amateur divisions unless a debt of €74million (£53million) is paid.
Speculation from Cellino’s homeland suggested he could move to help them, but his recent comments about not wishing to sell Leeds and instead leading them back to the Premier League suggests Parma are back where they started.
Parma are currently bottom of Serie A with just 17 points from 35 matches, but it seems Cellino has every intention of remaining with Leeds for the long haul, with their exciting next generation certainly possessing the talent to ultimately fire them into the English footballing elite once more.