Roma are awaiting a decision from UEFA’s Club Financial Control Body after failing to meet the final financial target established under the settlement agreement signed with European football’s governing body in 2022.
A verdict is expected in November, with Roma preparing for a significant financial penalty while working to avoid restrictions that could affect their participation in future European competitions.
According to the Rome edition of La Repubblica, the most likely outcome is a fine of between €10 million and €15 million. UEFA could also impose a restriction on the number of players Roma are permitted to register for European competition.
Friedkin Discusses Roma’s Position With Ceferin
The matter was reportedly discussed during the European clubs’ meeting in Copenhagen, where Roma president Dan Friedkin held a brief conversation with UEFA president Aleksander Ceferin.
Their discussion also covered Roma’s new stadium project, which recently received the decisive authorization required to move into its next phase.
Friedkin reportedly explained the circumstances behind Roma’s failure to meet the agreed financial target and reiterated the ownership’s commitment to restoring stability to the club’s accounts.
Roma are expected to point toward the progress made during the Friedkin era, with the club’s annual losses gradually declining. The ownership also believes that Champions League revenue and the construction of the new stadium can significantly improve Roma’s long-term financial position.
Summer Transfer Strategy Contributed to Shortfall
Roma’s decisions during the summer transfer window reportedly contributed to the club missing the June 30 target.
Rather than completing major sales before the accounting deadline, the club chose to preserve the core of Gian Piero Gasperini’s squad. Roma rejected interest in several important players and concentrated on building a team capable of competing in Serie A and the Champions League.
The strategy allowed Gasperini to retain his leading players but meant Roma could not generate all the capital gains required under the settlement agreement.
Following the June 30 deadline, club executives intensified discussions with UEFA in an effort to explain their position and limit the consequences.
Fine and UEFA Squad Restriction Considered Most Likely
The expected fine of between €10 million and €15 million could be accompanied by a reduction in the size of Roma’s UEFA List A squad.
Previous reports indicated that the permitted list could be reduced from 25 players to 22, although UEFA has not confirmed what sanctions will be imposed.
Roma were already fined €6 million in June after slightly exceeding an intermediate financial target and recording a squad-cost ratio above UEFA’s permitted threshold. La Repubblica
The upcoming verdict will concern the club’s subsequent failure to satisfy the wider requirements of the settlement process.
European Exclusion Remains the Worst-Case Scenario
The most severe possible punishment would be exclusion from UEFA competition during the 2027-28 season.
That possibility has not been formally eliminated, but it is currently considered less likely than a financial penalty and squad-registration restrictions.
Reports suggest Friedkin received encouraging indications during his conversation with Ceferin that Roma could avoid the heaviest sanction. However, the final decision belongs to the independent Club Financial Control Body rather than the UEFA president.
Roma must therefore wait until November before receiving a definitive ruling on the financial consequences of missing their target.
Sources: La Repubblica, Calcio e Finanza
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