Genoa, by 2023 the loss is 32 million against 62 million last year

GENOA – Genoa’s accounts are improving. Budget approved unanimously and with applause from the small shareholders led by Mario Epifani. The balance sheet loss halved as of December 23rd goes from the red of 62 million in the previous budget to the current 32 million. Net worth goes from 5.4 million to around 13 million. Obviously thanks to a further 40 million contributed by the reference shareholder 777 Partners which in recent years has risen to a total outlay of over 130 million. With the tax transaction, revenues exceed 100 million. And operating costs drop by 11 million. All numbers reeled off by the rossoblu accounts man, the financial manager Stefano Vincis.

CEO Blazquez and general director Flavio Ricciardella underlined that revenues from merchandising have now risen to 4 million and it is a figure that is further increasing. And on sponsorships there is an increase to 12 million. Blazquez said about the stadium: “We continue to work for the new company with the municipality and Sampdoria. Tables were set up with deputy mayor Picciocchi. Productive dialogue, few things are missing for the shared project. The project was developed by Genoa with its resources – explains Blazquez – hoping to achieve governance over the newco for Ferraris”. On the UEFA licence: Genoa could ask for it: “We are in progress, the club explains – there are further obligations to be done by the end of the month, we will evaluate whether to proceed or renounce the release to complete bureaucratic steps, especially relating to the structural criteria”. Zangrillo was connected via Skype for the two hours of the work.