The budget approved yesterday by the Board of Directors denotes the willingness of US ownership to invest. Turnover goes up, losses go down
Like all people on earth, even the Friedkins may be fallible, but one thing is certain: they are injecting a lot of money into Rome. This is demonstrated by the financial statements as at 30 June last approved by the Board of Directors, which denotes many (well-known) shadows, but also the willingness of US ownership to invest.
A figure for everyone: the capital increase of 210 million (launched by the former president Pallotta) which was to end on 31 December next, will be moved to the same date as 2022 but with a much higher figure, 460 million. This is because, in just fourteen months, the Friedkins have already paid 284 million into the club’s coffers (10.9 million this month alone) in addition to the 199 million spent on the purchase of the club. The 284, therefore, were added to the 101 million already paid by Pallotta. At this point, between now and next year, the majority shareholder and minority shareholders will have to put in another 75 million to reach 460 million.
Needless to say, given that the Friedkins own about 86% of the shares, if the small shareholders do not contribute, it is possible that the share of the Americans will grow to above 90, laying the foundations for what was one of the objectives of the beginning of the mandate. , the “delisting”, ie the exit from the stock exchange. For the rest, the figures in the financial statements are improving for turnover, which rises to 190.4 million against 141.2 in 2020, while losses fall from 204 million to 185.3 million, spread over five years as per regulations. Covid. Among the losses there are also 21 million for the free disposals of the various Dzeko, Pastore and Nzonzi, which arrived after the end of the financial year, but this also allowed great savings in terms of engagements and depreciation. It should also be noted that in the auditors’ report we pass from the formula “significant uncertainties” on the going concern of the company to simple “uncertainties (and the leap is not small). Having said that, like many clubs, according to UEFA regulations, the budget “break even” has not been reached also due to the pandemic, all decisions will be submitted to the approval of the assembly, set for November 26th. With a basic fact: the Friedkins are serious.
October 22, 2021 (change October 22, 2021 | 21:26)
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