Roma’s Board of Directors publishes semi-annual financial statement

RomaPress – AS Roma Board of Directors officially release the club’s semi-annual financial for the 2019/2020 financial year.

The reports details the Giallorossi’s financial performance of the period from 30 June to 31 December 2019. These are some of the notable items from the report:

– Roma’s income during the period was €94.641 million, which is over €40 million less when compared to a year ago at this time.

– The club’s costs during the period were €123.907 million — a slight decrease from last year’s figure, which was €136.074 million.

– Part of the club’s revenue was affected by the dissolution of the agreement with training kit sponsor, Betway. Italy’s “Dignity Decree”, which was put in place last July, prohibits the advertising of gambling logos and forced the club to dissolve the sponsorship agreement.

– Partizan exercised their option to buy Umar Sadiq on a permanent basis, which earned the club €1.75 million. There is also a 10% sell-on fee in the event the player is sold for a fee higher than €1.85 million.

– The report also gave an update on talks between James Pallotta and Dan Friedkin, “Contact is ongoing between AS Roma SPV LLC and a potential investor. Though, contact has slowed down due to COVID-19”.

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09-10-2022 18:45
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