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.
– 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”.