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Roma reveal financial woes Friday 17 October, 2003
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Roma admit they may be forced to sell stars this summer, while Olivier Dacourt demands his late wages are paid.
The Giallorossi have been struggling with financial problems since the summer, when a late credit agreement was needed to register the club for the Serie A Championship.
There were also doubts over their funds when Ajax threatened to take back Cristian Chivu for delays in payment. That matter has now been resolved.
However, the club shares were suspended on the stock exchange yesterday when it emerged that the Consob had not approved of the balance sheet and ordered an increase of capital.
According to these reports, Roma are dealing with £69m in debts and the players have not been paid for four months.
The situation is made worse by the fact the club was only allowed to register for Serie A after a loan from Capitalia of £20m, which will begin repayment in December.
“Selling players in January is certainly a possibility,” conceded Director General Franco Baldini on Friday, “but we don’t want to leap into that plan of action.”
Chelsea could well take advantage of the situation by renewing their £20m bid for Brazilian midfielder Emerson, a proposal that was rejected over the summer.
However, the real problem seems to lie with the players and Olivier Dacourt spoke out on their view.
“I don’t think that accepting a pay cut would be a possible solution,” said the former Leeds United man. “We are still waiting for our last four months’ worth of wages and those must come first.”
“In eleven years of my career I had never before reached this point with a club. This is a first for me.”
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