September 23 – Italian Serie A club Lazio improved on their finances from the previous year, but ended the 2025/26 season with a net loss of €10 million, in a campaign that was difficult on and off the pitch.
The Biancocelesti suffered a transfer ban, poor results, a public spat between president Claudio Lotito and former manager Maurizio Sarri and an ongoing fan protest against the administration, all while missing out on European competition altogether. These factors took their toll on the finances.
The loss of €10m, for Calcio e Finanza, is an improvement on the €17.2m lost in 2024/25, although that year included Europa League football. Revenues went from 157.2 million euros to 173.7 million euros.
The core numbers went the wrong way. Broadcast revenue fell from €94.5 million to €88.5 million, and matchday revenue fell from €22.9 million to €18.1 million, an inevitable consequence of non-European club competition nights.
What rescued the figures were the transfers of players, with the sales of Matteo Guendouzi, Taty Castellanos and Loum Tchaouna generating 39 million euros in capital gains, a sharp rise from 11.5 million the previous year.
Costs also rose from €174.3 million to €187.4 million, driven mainly by staff costs which rose to €104.6 million due to higher salaries and performance bonuses.
There was one bright spot. Equity went from a negative €16.8 million to a positive €113.6 million, largely thanks to the revaluation of Formello’s renovated training facilities. But the concern is on its side, with net debt almost doubling from €66.3m to €126.4m.
Contact the writer of this story at nick.webster@insideworldfootball.com
