Roma's debt close to hitting €220m.
Italian based club Roma’s debt has reportedly risen to close to €220m.
Roma's draft financial statements up to June 30 have been analysed and according to Italian newspaper Il Sole 24 Ore, they reveal both positive and negative trends. The club made a loss of €42m last year, but that has fallen to €25m for the latest accounts. Part of that is thanks to an increase in revenue, not including player sales, which are counted separately to €251m.
That increase is largely down to increased television revenue and competition prize money from the Champions League, with Eusebio Di Francesco’s side reaching the semi-finals last season. The Champions League generated revenues of € 98.4m, compared to the € 32.2m of the previous season.
Revenues from television rights increased by 23m to 128.56m.
However, net debt has also increased to €218.8m, an increase of €75m from the last accounts and almost equal to turnover. Consolidated net equity remains negative, going from -€88.9m to to -€105.4m, meaning a new recapitalisation will be necessary.
Net income from player sales totalled €54m, with Radja Nainggolan’s move to Inter was included on last year’s accounts. Over the past three years, net gains from player sales have totalled €225m.
Personnel costs rose from €145m to € 158.8m, while service costs rose from €42.46m to € 47.38m.