October 12 – AS Roma has reported draft financial statements for last season showing a record revenue of €250.87 million and a reduction in losses to €25 million, compared to the €42 million the previous year.
The revenue jump for the ambitious Serie A club came in what was a good year in terms of performance with Roma earning €98.4 million as they made it through to the semi-finals, compared to the €32.2 million of the previous season when they reached the last 16.
Television rights income was a significant part of the club’s revenue increase, going up by €23 million to €128.56 million, and accounting for just over 50% of the club’s revenue.
The dark cloud in the club’s finances is around the increase in its debt which rose €26 million to €218.8 million. Debt is only an issue if it interest payment can’t be met, but Roma’s debt is nevertheless high, though there will be no calls to increase it to fund infrastructure projects.
The club, under American owner James Pallotta, has targeted a new stadium as part of the €1.2 billion Tor di Valle regeneration project. The stadium will not be owned by the club but by a separate company that Pallotta and other investors would hold.
Roma’s transfer business was positive, raising €54 million from player sales, with a gain of €31.9 million showing for the sale of Belgian Radia Nainggolan to Inter. In the last three years the club has made €225 million of net capital gains in the transfer market.
Staff costs rose from €145 million to € 158.8 million, while operational costs rose from €42.46 to € 47.38 million.
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