RomaPress – Roma’s Board of Directors met two days ago and published yesterday the latest economic results of the club.
The Italian capital club sustained record-losses in the first nine months of the 2019/2020 financial year with losses totaling €126.4 million. Roma’s total debt has soared to €280.5 million as the need for a new ownership group is more apparent than ever.
Today, Roma released a short summary of their financial status from this year ahead of the 26th June shareholders meeting.
“The economic deficit and the consequent deterioration in assets are due, in particular, to participation in the 2019/2020 edition of the UEFA Europa League, which generated significantly lower income than the income from the UEFA Champions League achieved in the previous year,” the statement read.
”Also, the spread of the COVID-19 virus throughout the world prevented the club from performing outgoing transfers in January 2020.”
The statement also affirmed that AS Roma SPV LLC, the Boston-based parent company of AS Roma, confirmed its commitment to provide the necessary financial support to meet its payment obligations at least until 31 December 2020.