Sunday, October 2, 2022
Bringing the Latest in News Straight to Your Screen

Serie A Club AS Roma Posts $216 Million Loss For 2020/21 And Prepares 2022 Capital Increase

By News Creatives Authors , in Business , at October 25, 2021

AS Roma, the Serie A club owned by American businessman Dan Friedkin, posted a €185 million ($216 million) loss for the 2020/21 fiscal year.

Alongside the record-high losses posted earlier this season by Juventus (€210 million) and then Inter (€246 million), Roma’s deficit represents an indicator of the challenging financial circumstances under which Serie A clubs are currently operating.

Roma’s loss for the 2020/21 season, which appeared on the club’s 27-page financial statement from last Friday, is slightly smaller than the one registered in 2019/20 (€204 million).

On a positive note, the document reports that revenue from the 2020/21 financial year grew by 35% with respect to 2019/20, reaching €190 million. 

The biggest chunk of this income came from television and image rights (€124 million), while matchday ticketing was the only revenue sector that experienced a decline: It dropped from €26 million in 2019/20 to €13 million in 2020/21 as a result of an entire Serie A season played behind closed doors.

Costs at Roma went slightly up over the last year, jumping from €225 million to €236 million. The report highlights that the largest portion of these costs was taken up by “personnel expenses” (€169 million).

The document goes on to state that the club is preparing a capital increase of up to €460 million, with the goal of seeing it in place by Dec. 31, 2022. 

The capital increase, which will have to be approved by Roma’s board, was originally meant to reach up to €210 million and scheduled for the end of 2021.

However, Roma decided to extend that date and raise the capital amount “in light of the financial evolution” experienced by the club over the last year.

Roma currently occupy the fourth place in the Serie A standings and are trying to close the nine-point gap that separates them from the top of the table.

Last Thursday, the club suffered a massive, unexpected 6-1 defeat at the hands of Norwegian club Bodø/Glimt in the UEFA Europa Conference League.

The Giallorossi, however, were quick to react to that hit. On Sunday, they pulled off a convincing performance in Serie A, as they tied the league leaders Napoli in a heated match that saw both sides’ head coaches, Roma’s José Mourinho and Napoli’s Luciano Spalletti, receiving a red card.

Roma are scheduled to take the field again on Wednesday, as they will fly to Sardinia to play Cagliari, a team that is in desperate need of points to start climbing out of Serie A’s relegation zone.


Leave a Reply

Your email address will not be published.