The three-digit red is still showing in Roma’s books, but the improvement in the capital club’s accounts is evident, reports Il Tempo.
The Friedkin ownership approved the financial statements closed on 30 June (referring to the 2022-2023 football season) with a loss of €102.7 million euros. A clear change to the negative result of the previous year, where the consolidated loss was €219.3 million (coming from -€204 and -€185.3).
Revenues have been on a steady increase while costs have gone drastically down, reports the newspaper. In particular, the the revenues amounted to €277.1 million, for a growth equal to €70.3 million. Expenses were down by €50 million, amounting to €349 million over the twelve months in question.
In particular, revenues from ticketing, season tickets, tours (the one in Japan was a major success) and friendly matches have increased. All these items record a positive balance of €23.7 million compared to the 2021 season.
In addition to this, the club were also able to abide by FFP regulations and generate around €54 million in revenue off player sales.
The Friedkin’s total investment into Roma has gone up to €926.6 million.