Roma pay financial price for Champions League absence

Roma’s absence from the Uefa Champions League has seen them register pre-tax losses of €86.4 million (US$96.8 million) for the first half of the 2019/20 season.

The club’s latest financial statement reveals that during the final six months of 2019, the Serie A club’s overall revenues fell by €40.2 million (US$45 million) to €94.6 million (US$106 million) after the men’s first team failed to qualify for European soccer’s premier club competition. Missing out on the tournament has a knock-on effect on media rights matchday revenues, which both declined in the period covered.

Roma did cut their wage bill to €83.7 million (US$93.8 million) – down from €95.9 million (US$107.4 million) – to offset some of the losses, and were able to reduce their operating costs by €12.2 million (US$13.7 million) to €123.9 million (US$138.82 million).

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However, the club also saw sponsorship revenues for that period decline by €2.35 million (US$2.61 million). Partnerships with the likes of Qatar Airways, Hyundai Motors, and the technical contract in place with Nike account for the majority of the €10.8 million (US$12 million) coming in from that category.