Roma’s financial statement highlights a strategic approach of the Lupi.
It’s difficult to compete in today’s football, especially when ahead of you are football powerhouses able to bank millions of dollars from sponsors and merchandising.
James Pallotta is slowly reshaping the finances of his club and albeit some Roma fans are not in agreement with his strategies, the giallorossi are pushing their management costs high to keep a great level of competitiveness.
As the journalist of ‘Il Sole 24 Ore’ Gianni Dragoni has analyzed and reported, the current Roma revenues are one of the highest in their history. However, their financial debts have increased almost to 90% of the total revenues collected in a very successful year for the Lupi.
Although Roma made history in the 2017-18 campaign reaching the Champions League semifinals against Liverpool, the almost €100m banked from this international competition have not been enough for the club of Trigoria.
“The consolidated shareholders’ equity worsened,” said Dragoni to Radio Radio Pomeriggio-104.5. “The €32 million banked with Nainggolan have been included in this financial report otherwise their loss would have been almost up to €50m. Nowadays, a new capital increase would be necessary.”
“The giallorossi spend a lot compared to what they earn. In this case, they have increased the costs to have a more competitive roster for the Champions League. The cost of personnel, as well as the commissions to pay to Goldman Sachs on loans, have a great impact,” stated the expert Italian journalist.
“The sales of Strootman and Alisson have not been recorded in this financial period but they will include them in the next one. It’s impossible to forecast the revenues for the next year because they will be influenced by the European campaign,” concluded Dragoni.