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Roma release semi-annual financial report: the highlights

John Solano
I

Roma’s semi-annual financial report for the 2019/2020 financial year was released yesterday by the club’s Board of Directors.

The report, which details the Giallorossi’s overall financial health from 1 July 2019 – 31 December 2019, showed a number of curiosities and some worrying numbers.

The highlights:

– Roma reported €87 million overall in losses during this period, a significant slide compared to this period in the 2018/2019 financial year.

– The club reported €94.6 million of revenues during this period, another significant step backwards as Roma had €134.8 million of revenues from 1 July 2018 – 31 December 2018.

– Roma’s total debt is now €264 million.

– One positive is that the club managed to cut costs from the same time last year as they went from €136 million to €123.9 million.

– As noted in the report, Aleksandar Kolarov, who renewed last month with the club until 2021, has a clause in his new deal that automatically renews his contract for an additional if certain sporting objectives are met:

“The contract for Kolarov was renewed until 30 June 2021, with an automatic renewal until 30 June 2022 in the event of the achievement of predetermined sporting objectives”.