losses and capital increase

L’AS Roma approved and disclosed the financial statements for the year ended June 30, 2021. As communicated by the company, the group loss amounts to 185.3 million euros. A rumor that is still affected by the impact of Covid-19 on the club’s economy, which in this year also had to insert costs and revenues of part of the 2019/2020 season due to its unusual duration.

A not positive figure, that relating to losses, but that is an improvement compared to the previous season, when the negative balance was around 240 million.

Capital increase approved

The most significant figure that emerges from the financial statements, however, is the extension of thecapital increase and the extension of the date by which it can be implemented. In this sense, it goes from 210 million to 460 million, with deadline set at 31 December 2022. Nonetheless, it is also not excluded that the capital increase will be brought forward with respect to that date.

Not counting the cost of the purchase, since August 2020 the property has injected into the club approx 284 million euros, including the 10.9 million recently entered. A fact, combined with the latest capital increase, which testifies to how much the Friedkin property, despite the unfavorable economic situation, believes in the project and continues to support it economically in a concrete way.

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Now, the extension of the terms will be essential to complete the conversion of the amounts entered in the last year, from shareholder loan to capital increase.

Source

losses capital increase

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