Udinese managed to reduce their operating loss by €20 million in spite of pandemic: CFO calls on industry to adopt rewards-based sustainability system
Alberto Rigotto, the Serie A club's head of administration and finance, says previous years' responsible management has helped reduce the burden brought on by pandemic.
While others posted massive deficits, Udinese reduced their operating loss for 2019/20 by around 20 million, mainly thanks to lowering wages and amortisation.
A more responsible financial system is necessary in order to increase the credit industry's confidence in football, in turn boosting clubs' ability to plan long-term.
In addition, Rigotto proposes implementing a system that rewards financial sustainability to increase the game's overall competitiveness.
26 February 2021 - 4:40 PM
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