Financial Report: Torino's loss grows due to lack of player sales
3 June 2020
The Italian club's pre-tax loss for the past two years now stands at more than €30 million, Torino's just-released financial report has revealed.
Wages remained stable, but player amortisation rose considerably.
Torino's pre-tax loss grew to €16.9 million last year, the club's just-released financial report has revealed, due mainly to a lack of player sales.
Their profit on player sales fell by €1.8 million to €11.8 million, but turnover rose by €5.9 million to €84.4 million, mainly due to increases in commercial and broadcast income.
Accordingly, player amortisation grew by €6 million to €28.3 million, though their wage bill remained steady at €62 million.
The growth in revenue helped Torino reduce their operating loss slightly by €200,000 to €28.5 million.
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