Club Statement: Budget approved
The Bologna F.C. 1909 SpA shareholders’ meeting was held today at the club’s headquarters with the Chairman Joey Saputo in attendance as the budget from 30 June 2018 was approved.
The year showed good improvement in growth. Earnings before interest, taxes, depreciation, and amortisation relating to player trading saw a figure of €17.3 million, up from €12.7 in the previous year. Earnings before interest and taxes were -€3.1 million with a 79 per cent improvement compared to the corresponding period from 2016-17. Net loss was €4.9m compared to a loss of €16m in the 2016/17 season.
Revenues for the parent company in 2017-18 were €92.8m, an increase of 27 per cent from the previous year. Revenue from day-to-day activity was €60.2m, an increase of €5m compared to the previous period while revenue from players sales was €25.9m, with a large sum of that arriving from the sale of Simone Verdi. Commercial revenues were up by 7 per cent to €11.4m.
Total costs including amortisation were €95.9m.
Thanks to injections of capital from the majority shareholders, shareholder equity stands at €30.5 m. The net financial position is – €8.7m due to loans for works already taken out at the stadium and factoring transactions.
Financial statements were presented to the shareholder’s meeting with data from BFC Real Estate Srl. Overall, the balance shows a loss of €4.8m and net equity of €30.5m.