Claudio Borghi, an Argentine who manages Chilean soccer club Colo Colo, on Friday disparaged recent press reports that he will split from the club in the wake of a poor campaign in the Copa Libertadores, where the club is last in Group Six.

"There are no breaks or discussions here," Borghi told press, when questioned about the Libertadores. Asked about press reports about alleged financial punishments for the team if poor results, he said "It is not a good idea to make a budget based on games that have not been played."

On Wednesday, Colo Colo lost 3-1 to Peruvian team Liga Deportiva Universitaria, at their home ground in Ecuador capital, Quito.

Cristian Varela, the president of the club, also denied rumors of a rift, telling press that "the directors are very satisfied with what has happened, and we would like to qualify for the second round of the Libertadores, because with think Colo Colo has the team that can do it, and there remain several games to reverse the bad situation we have experienced".

The Cacique (Indian Chief), as the team is known, will next play on March 20, in Venezuela against Caracas FC, the team which on Thursday scored a surprise win of 1-0 over Argentine soccer giant River Plate at their home stadium Buenos Aires's Monumental Stadium.

Source: Xinhua