Roma €40.3m In the Red But Revenues Grow

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Photo: by @Belthazor78/

The club of Trigoria released a report related to the operating performance of the first half of the 2017-18 financial year.

Roma’s coffers are €40.3 million in the red, this is the result that has been approved by the Board of Directors. The economic performance of the Giallorossi, closed on December 31, 2017, showed an improvement compared to the same period last year (€10m).

This is due to the participation to the Champions League, which is a competition more remunerative of the Europa League, and the reduction in personnel costs. At the operating level, revenues rose to almost €124 million from €88.6 in the previous year. EBITDA returned to profit by almost €4.8m compared to the operating loss of €12.1m reported in 2016.

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The Roma Board of Directors have announced a capital increase of €115m. It will be carried out “no later than December 31, 2018” and it will be finalized “to financially rebalance the capital structure of the company,” as explained by the club in the previous months. Also, “it will be necessary to the achievement of Roma’s strategic objectives“.

In the financial statement, it’s clearly highlighted that Jim Pallotta, the president of the club, poured extra €12m in the Roma coffers. €8.4m passed through Neep Roma Holding, company that owns the majority stake of the football club, and €3.6m by As Roma Spv Llc.

In conclusion, at December 31, 2017, the total loan granted to Roma amounted to €29.8m.

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About Stefano Bernardini 3243 Articles
A Roman in New York achieving his dreams. Persistence can make extraordinary things happen. Editor of AS ROMA 360 | | Calcio e Finanza | Reporting on Major League Soccer.

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