Lazio Remains In The Black Despite Drop In Transfer Revenues
By Community | April 1, 2019
Serie A club Lazio reported revenues up 6.5% in the latest financial year to €64.21 million but a big 88% slide in net profits to €5.46 million as income from player sales declined.
The Rome-based club earned €4.98 million from participation in the Europa League during the year ending December 31, 2018.
Income from sponsorship, advertising and royalties was €9.84 million, while merchandising sales brought in €880,000.
Despite the fall in player sales from €62.90 million in 2017 to €23.50 million, and an increase of 7.8% in operating costs, the club managed to show a post-tax profit,