The Financial Situation (34 Viewers)
- Thread starter ReBeL
- Start date
Yes, the author makes a lot of good points. But he fails to address that some of the money we already spent has not been invested wisely. Moreover, we have some players who we can't sell for one reason or another, part of which has to do with the wages we already agreed upon. People can't stand Quag but we offerred him those wages, so it's our fault. He should have never been bought in the first place.
I read here that it is in the order of 13m
http://fedenerazzurra.com/2013/07/21/serie-a-prize-money-to-increase-next-year/
So you have any links on how TV money is distributed?
http://fedenerazzurra.com/2013/07/21/serie-a-prize-money-to-increase-next-year/
So you have any links on how TV money is distributed?
This was for 2012/13:
Equal share, number of fans, city's populace, last year's results, last 5 years, historical results/importance.
http://simonesalvador.blogspot.com/...one-2012-2013-confronto-altri-campionati.html
Equal share, number of fans, city's populace, last year's results, last 5 years, historical results/importance.
http://simonesalvador.blogspot.com/...one-2012-2013-confronto-altri-campionati.html
Another thing that is influenced by results are the value of our brand, how much mechandise we sell etc. etc.
It's hard to measure and even harder to guess for us, and it's hard to split it up between each year, but no doubt about the last three seasons have given us more in these parameters because we won than if we finished 3rd for three consecutive years. The price money themselves aren't massive, getting another round of CL action means a lot more in comparison, but there are so many other great benefits of winning titles ;-)
It's hard to measure and even harder to guess for us, and it's hard to split it up between each year, but no doubt about the last three seasons have given us more in these parameters because we won than if we finished 3rd for three consecutive years. The price money themselves aren't massive, getting another round of CL action means a lot more in comparison, but there are so many other great benefits of winning titles ;-)
in case anyone is interested, here is a side-by-side between Roma and Juve. Juve doesn't have LTM CF number because its latest quarter didn't include a cash flow statement. I'll do a more thorough one when both teams release full year results.
I agree with most of the post above, however, I don't agree with the notion that Roma is much leaner from an expense standpoint. If you look at the last few years, Juve injected equity once in 2012, and hasn't since. Roma has consistently diluted equity holders in order to fund their operating losses. Also, Juventus is breakeven on an cash operating basis, Roma is only breakeven if it sells players. The fact that Juve spends ~60% of revenues on wages, while Roma ~77% really highlights that Juve is a much healthier club financially.
That being said, Roma's owners are engaging in an aggressive growth strategy, and are more than willing to take modest losses to grow the club going forward. This isn't limited to:
-A stadium
-Champions League Income
-Growing the Brand
-More sponsorship agreements
Pallotta calls Roma the most undervalued asset in sports and I tend to agree. We're talking about a city which has double the population of Milan and a metro area of ~4.2 million people. It's also a top tourist city. Sure GDP in Milan is a bit higher but ultimately, if these owners play their cards right, they should be able to grow revenues nicely.
I agree with most of the post above, however, I don't agree with the notion that Roma is much leaner from an expense standpoint. If you look at the last few years, Juve injected equity once in 2012, and hasn't since. Roma has consistently diluted equity holders in order to fund their operating losses. Also, Juventus is breakeven on an cash operating basis, Roma is only breakeven if it sells players. The fact that Juve spends ~60% of revenues on wages, while Roma ~77% really highlights that Juve is a much healthier club financially.
That being said, Roma's owners are engaging in an aggressive growth strategy, and are more than willing to take modest losses to grow the club going forward. This isn't limited to:
-A stadium
-Champions League Income
-Growing the Brand
-More sponsorship agreements
Pallotta calls Roma the most undervalued asset in sports and I tend to agree. We're talking about a city which has double the population of Milan and a metro area of ~4.2 million people. It's also a top tourist city. Sure GDP in Milan is a bit higher but ultimately, if these owners play their cards right, they should be able to grow revenues nicely.
The line item is wages and technical staff, so this would include players and management, as would the same number for Roma. But yeah, in the last 12 months, that figure is ~166 million.
For example, for the 2013 FY when the wage cost was ~20 million lower, this was the breakdown.
And given that the Italian press expresses salaries on a 'net' basis, that would mean that in our books, you'd have to gross them up because we're paying that full amount.
For example, for the 2013 FY when the wage cost was ~20 million lower, this was the breakdown.
And given that the Italian press expresses salaries on a 'net' basis, that would mean that in our books, you'd have to gross them up because we're paying that full amount.
The line item is wages and technical staff, so this would include players and management, as would the same number for Roma. But yeah, in the last 12 months, that figure is ~166 million.
For example, for the 2013 FY when the wage cost was ~20 million lower, this was the breakdown.
And given that the Italian press expresses salaries on a 'net' basis, that would mean that in our books, you'd have to gross them up because we're paying that full amount.
For example, for the 2013 FY when the wage cost was ~20 million lower, this was the breakdown.
And given that the Italian press expresses salaries on a 'net' basis, that would mean that in our books, you'd have to gross them up because we're paying that full amount.
