Champions League: Roma's absence leads to €86 million loss for the first half of the season
2 March 2020
Roma turned a €7 million profit into a massive loss, the club's just-released financial report for the first half of the season shows.
However, the club managed to decrease their operating costs slightly to offset the drop in income.
Non-participation in the Champions League saw AS Roma record a pre-tax loss of €86.4 million in the first half of the season, the club's just-released financial statements reveal.
The club's revenue fell by €40.2 million to €94.6 million as they instead competed in the Europa League.
By reducing their wages to €83.7 million (from €95.9 million), operating costs fell by €12.2 million (to €123.9 million), which offset the lower income slightly, but the loss remains massive compared to the same period the year before - when the club recorded a €6.9 million pre-tax profit.
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