Roma have recorded losses of over 204 million euros ($240 million) for the monetary yr up till June 30 largely on account of the coronavirus pandemic, the Italian membership revealed on Wednesday.
“The loss for the 2019-20 monetary yr is estimated at 204 million euros,” the Serie A aspect stated of preliminary figures launched on the request of Consob, the Italian inventory market regulatory authority for accounts as much as June 30.
AS Roma modified possession in August with US businessman Dan Friedkin taking up from fellow American James Pallotta in a deal valued at almost 600 million.
If Roma had been already within the purple earlier than the pandemic, the well being disaster accelerated their monetary woes with the ensuing influence on sports activities competitions, TV rights and sponsorship.
“Regardless of the measures adopted to mitigate the implications, this emergency, extraordinary by its nature and magnitude, has had, and continues to have, vital repercussions on the group’s financial actions, making a context of basic uncertainty,” Roma wrote within the doc posted on its web site.
The capital aspect have additionally did not qualify for the Champions League this and final season.
The membership saved 30 million euros on account of their gamers and coach Paulo Fonseca agreeing to surrender 4 months wage from March to June.
The switch window additionally introduced in 13 million euros with the sale of gamers together with Gregoire Defrel to Sassuolo, Maxime Gonalons (Granada), Aleksandar Kolarov (Inter Milan) and Patrik Schick (Bayer Leverkusen).