The historic promotion to Serie A isn't enough to balance Pisa Sporting Club's books. The financial statements for the year ending June 30, 2025, paint a picture of a club that has pushed hard on the sporting front, but whose financial performance has significantly deteriorated compared to the previous season.
According to calcioefinanza, the net result is negative This confirms a complex transition year, despite the promotion to the top division. The Nerazzurri closed the financial year with a pre-tax loss of approximately €34,9 million, almost double the €17,4 million loss recorded in 2023/24.
WEEKEND SPECTATOR DATA: ALL THE NUMBERS HERE
Pisa, high costs
The biggest impact was on costs, which rose above €50 million from just over €41 million the previous year, with significant growth related to sports management and personnel. Overall revenues amounted to €15,89 million, a sharp decline from €25,46 million the previous year. A detailed analysis of the individual items reveals a mixed picture. Stadium revenues grew to €2,64 million, nearly double the €1,51 million recorded in 2023/24, a sign of greater fan engagement. Operating contributions, however, declined to €5,38 million from €6 million the previous year.
Great numbers from sponsors
Positive signs are coming from the commercial front: sponsorship revenues reached €3,41 million, up from €2,7 million in 2023/24, while merchandising revenues rose to €0,77 million, more than double the previous season's €0,31 million. Television rights revenues, however, were decidedly negative, at €1,46 million, compared to €2,66 million in 2023/24. Players' rights management also significantly impacted the situation: revenues were limited to €1,28 million, without any capital gains, compared to €10,14 million in the previous financial year, of which €7,67 million came from capital gains. Other revenues completed the picture, amounting to €0,865 million, a slight increase from €0,684 million in 2023/24.
On the cost side, the most significant item remains personnel costs, which exceeded 28 million euros, accompanied by rising amortization and operating costs.
2025 Budget: Significant Numbers
Although the net worth remains positive at around 1,4 million euros, the overall debt rises to approximately 49 million, highlighting a financial structure under pressure.
The 2025 budget thus illustrates the cost of the sporting pursuit: promotion to Serie A represents an important foundation for the future, but the numbers now require more balanced management, so that the return to the top flight can also translate into lasting economic stability.
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