Ach wrote:2-0 FT
GOAT assist for Mandzukic
that was a nifty danny welbeck impression...
by Losmeister » Sat Aug 25, 2018 11:13 pm
Ach wrote:2-0 FT
GOAT assist for Mandzukic
by Sims » Sun Aug 26, 2018 7:25 pm
by StLGooner » Mon Aug 27, 2018 7:17 pm
by Santi » Tue Aug 28, 2018 9:29 am
Ach wrote:He was injured
by Ach » Tue Aug 28, 2018 7:18 pm
by Sims » Tue Aug 28, 2018 7:28 pm
by Zenith » Tue Aug 28, 2018 8:04 pm
by Sims » Tue Aug 28, 2018 8:08 pm
by Zenith » Tue Aug 28, 2018 8:21 pm
by Zenith » Tue Aug 28, 2018 8:29 pm
How missing out on the Champions League has affected Roma’s finances
At the start of March, Roma released their financial statement up to and including 31st December, 2016, in which it was revealed that the Giallorossi were in the red by €53.4 million. As a result, with Financial Fair Play sanctions hanging over their head like the sword of Damocles, the club will have to make another major sale this summer in order to make ends meet. How did the Giallorossi come to be in this position though? The club state it is primarily due to their participation in the Europa League in 2016/17 rather than the more lucrative Champions League, the cost of purchasing new players, smaller profits on selling players in the summer transfer window, and greater amortisation in their own players’ values.
The Champions League has certainly been a major factor. Roma dropped into the Europa League after capitulating in the second leg of their Play-off round tie against FC Porto, and consequently brought in €23.7 million revenue from European competitions compared to the €52.4 million at 31st December 2015 – a loss of €28.7 million. The importance of participating in the Champions League to Roma’s finances is clear: having qualified for Europe’s premier club competition again in 2014, operating income in the period to 31st December 2014 almost doubled compared to the same period in 2013, with TV rights increasing by 107% and matchday revenue by 178%. Without the Champions League this year, these have fallen by 22% and 41% respectively.
The effects could have been marginally offset had Roma progressed further in the Europa League, but their 4-2 first leg defeat against Lyon in the Round of 16 was too much for the Giallorossi to overturn. As a result, Roma will bring in just €750,000 in prize money for reaching the Round of 16: had they reached the final, they would have earned €6.5 million for winning the competition or €3.5 million for finishing as runners up, plus additional revenue from the market pool (which totals €9.6 million in the quarter finals, €6.4 million in the semi-finals and €3.2 million in the final).
There were no great changes in Roma’s operating costs compared to the same period the previous year, an increase of around €4.6 million spent on personnel contributing to a total rise in costs of just over €6 million overall. It’s clear, then, that the Giallorossi’s issues lie in failing to bring in sufficient revenue to cover expenses rather than because costs have spiralled. One revenue stream that hasn’t been exploited at all in recent years is sponsorship. The club’s main shirt sponsorship deal with Wind ended in 2013, and after four years without a shirt sponsor president James Pallotta recently said that “the strategy that was put in place at the beginning with the agency we hired was wrong, trying to connect the shirt sponsor to the stadium. I feel good about the shirt for the upcoming season, but frankly at the end of the day, we just screwed up.”
by Ach » Tue Aug 28, 2018 8:56 pm
by SuperJackyWilshere » Wed Aug 29, 2018 7:14 pm