Roma president James Pallotta (

Roma have announced a €53.4M loss for the first half of the financial year ending 31 December 2016, mainly due to their Champions League elimination.

The loss to Porto during the playoff round had a significant impact on Roma’s financials, as the giallorossi were denied the lucrative Champions League revenue of the year before. To illustrate this point, last year’s financial statement showed a loss of €3.4M, producing a year-over-year degradation of €49.9M.

The drop in operating revenue of €29.4M (from €118M the year before to €88.5M) is mainly due to: loss of Champions League gate receipts of €13.4M and tv rights revenue of €15M.

Holding company Neep Roma Holding S.p.A. injected €70M to cover the loss and provide Roma with additional working capital.

Future outlook:

The board predicts a better financial performance for the second half of the fiscal year, with a caution that the results will depend on the club’s performance on pitch, namely Serie A league play, Italian Cup and UEFA Europa League. In addition, progress is expected to be made on the commercial side and sponsorships, ticket sales and cost controls for the staff.