The AS Roma Board of Directors approved the half-year financial statement 2017 in the red of more than €50 million. But the future is brighter!
Roma half-year financial statement 2017 – The AS Roma Board of Directors approved the 2017 half-year financial balance in the “red” for €53.4 million. On December 31st, 2016 the economic results of James Pallotta’s club sharply declined compared to the same period last year (€3.4 million on December 31st, 2015).
This decline in revenues was due to two main factors:
- The non-participation in the UEFA Champions League;
- The lower profits from the trade of players.
The elimination at the preliminary round of the Champions League that Roma suffered definitely decreased the revenues from the international competitions (€23.7 million on December 31st, 2016, vs €52.4 mln one year before).