Fiorentina announced they are running at a loss of €14m, albeit a distinct improvement on last year’s balance sheet.
The Tuscan club had targeted a perfect balance of the books by this stage, but are behind in their projections.
They ran at a loss of €37m last year and that has been reduced to just €14m this time, above all thanks to the sale of Juan Guillermo Cuadrado for a profit of €20m.
They increased the revenue by €36m to €144m, but costs also went up to €144m in 2015.
Fiorentina announced they are running at a loss of €14m, albeit a distinct improvement on last year’s balance sheet.
The Tuscan club had targeted a perfect balance of the books by this stage, but are behind in their projections.
They ran at a loss of €37m last year and that has been reduced to just €14m this time, above all thanks to the sale of Juan Guillermo Cuadrado for a profit of €20m.
They increased the revenue by €36m to €144m, but costs also went up to €144m in 2015.
As Fiorentina are still without a main sponsor, the Della Valle family are adding another €19m to bolster the club coffers.
“If we qualify for Europe, Fiorentina can register because the losses are within the parameters set by UEFA’s Financial Fair Play,” confirmed Viola chief Andrea Rogg.
“The owners must put in €19m to cover the losses, though. The sales of players are spread out over several years, including Cuadrado and Savic.
“We have lowered the wage bill, but don’t want it too low otherwise we won’t be competitive for our objectives. It has dropped by €12m compared to 2014-15.
“We have to improve revenue from sponsors, partnerships and other avenues. We are also working on building a new stadium.”