Editing ACF Fiorentina (section)

==Fiorentina as a company==
'''A.C. Fiorentina S.p.A.''' was unable to register for [[2002–03 Serie B]] due to financial difficulties, and then the sports title was transferred to a new company thanks to [[Article 52 of N.O.I.F.]], while the old company was liquidated. At that time the club was heavily relying on windfall profit from selling players, especially in pure player swap or cash plus player swap that potentially increased the cost by the increase in [[Amortization (accounting)|amortisation]] of player contracts (an [[intangible asset]]s). For example, [[Marco Rossi (footballer, born 1978)|Marco Rossi]] joined Fiorentina for Lire&nbsp;17&nbsp;billion in 2000, but at the same time [[Lorenzo Collacchioni]] moved to [[U.S. Salernitana 1919|Salernitana]] for Lire&nbsp;1&nbsp;billion, meaning the club had a player profit of Lire&nbsp;997 million and extra Lire&nbsp;1&nbsp;billion to be amortised in 5-years.<ref name=Fiorentina2001bilancio/> In 1999, [[Emiliano Bigica]] also swapped with [[Giuseppe Taglialatela]],<ref>{{cite web|url=http://archiviostorico.gazzetta.it/1999/giugno/19/Napoli_sulle_tracce_Gautieri_albanese_ga_0_9906197031.shtml|title=Il Napoli sulle tracce di Gautieri L' albanese Myrtai va all' Alzano|date=19 June 1999|access-date=21 January 2016|work=La Gazzetta dello Sport|language=it|archive-date=26 January 2016|archive-url=https://web.archive.org/web/20160126222806/http://archiviostorico.gazzetta.it/1999/giugno/19/Napoli_sulle_tracce_Gautieri_albanese_ga_0_9906197031.shtml|url-status=live}}</ref> which the latter was valued for Lire&nbsp;10&nbsp;billion.<ref name=Fiorentina2001bilancio/> The operating income (excluding windfall profit from players trading) of 2000–01 season was minus [[Italian lira|Lire&nbsp;]]113,271,475,933 (minus €58,499,835).<ref name=Fiorentina2001bilancio/> It was only boosted by the sales of [[Francesco Toldo]] and [[Rui Costa]] in June 2001 (a profit of Lire&nbsp;134.883&nbsp;billion; €69.661&nbsp;million).<ref name=Fiorentina2001bilancio>A.C. Fiorentina S.p.A. ''bilancio'' (financial report and accounts) on 30 June 2001 (in Italian), [http://www.registroimprese.it PDF purchased from Italian C.C.I.A.A.] {{Webarchive|url=https://web.archive.org/web/20140430040135/http://www.registroimprese.it/ |date=30 April 2014 }}</ref> However, it was alleged they were to transfer to Parma<ref name=Fiorentina2001bilancio/> for a reported Lire&nbsp;140 million.<ref>{{cite news|url=http://www.repubblica.it/online/calciomercato/passaggi/passaggi/passaggi.html|title=Toldo e Rui Costa al Parma Buffon a un passo dalla Juve|date=29 June 2001|access-date=1 May 2013|work=la Repubblica|language=it|archive-date=6 October 2013|archive-url=https://web.archive.org/web/20131006084731/http://www.repubblica.it/online/calciomercato/passaggi/passaggi/passaggi.html|url-status=live}}</ref> The two players eventually joined Inter Milan and A.C. Milan in 2001–02 financial year instead, for undisclosed fees. Failing to have financial support from the owner [[Vittorio Cecchi Gori]], the club was forced to windup due to its huge imbalance in operating income.

Since re-established in 2002, '''ACF Fiorentina S.p.A.''' are yet to self-sustain to keep the team in top division as well as in European competitions. In the 2005 financial year, which cover the [[2004–05 Serie A|first Serie A season]], the club made a net loss of €9,159,356,<ref name=Fiorentina2005bilancio>ACF Fiorentina S.p.A. ''bilancio'' (financial report and accounts) on 31 December 2005 (in Italian), [http://www.registroimprese.it PDF purchased from Italian C.C.I.A.A.] {{Webarchive|url=https://web.archive.org/web/20140430040135/http://www.registroimprese.it/ |date=30 April 2014 }}</ref> followed by a net loss of €19,519,789. In 2006 ([[2005–06 Serie A]] and [[2006–07 Serie A]]), Fiorentina heavily invested on players, meaning the amortisation of intangible asset (the player contract) had increased from €17.7&nbsp;million to €24&nbsp;million.<ref name=Fiorentina2006bilancio>ACF Fiorentina S.p.A. ''bilancio'' (financial report and accounts) on 31 December 2006 (in Italian), [http://www.registroimprese.it PDF purchased from Italian C.C.I.A.A.] {{Webarchive|url=https://web.archive.org/web/20140430040135/http://www.registroimprese.it/ |date=30 April 2014 }}</ref> However the club suffered from the [[2006 Italian football scandal]], which meant the club did not qualify for Europe. In 2007 Fiorentina almost broke-even, with a net loss of just €3,704,953. In the 2007 financial year the TV revenue increased after they qualified to the [[2007–08 UEFA Cup]].<ref name=Fiorentina2007bilancio>ACF Fiorentina S.p.A. ''bilancio'' (financial report and accounts) on 31 December 2007 (in Italian), [http://www.registroimprese.it PDF purchased from Italian C.C.I.A.A.] {{Webarchive|url=https://web.archive.org/web/20140430040135/http://www.registroimprese.it/ |date=30 April 2014 }}</ref> Despite qualifying to the [[2008–09 UEFA Champions League]], Fiorentina made a net loss of €9,179,484 in 2008 financial year after the increase in TV revenue was outweighed by the increase in wage.<ref name=Fiorentina2008bilancio>ACF Fiorentina S.p.A. ''bilancio'' (financial report and accounts) on 31 December 2008 (in Italian), [http://www.registroimprese.it PDF purchased from Italian C.C.I.A.A.] {{Webarchive|url=https://web.archive.org/web/20140430040135/http://www.registroimprese.it/ |date=30 April 2014 }}</ref> In the 2009 financial year, Fiorentina made a net profit of €4,442,803, largely due to the profit on selling players (€33,631,489 from players such as [[Felipe Melo]], [[Giampaolo Pazzini]] and [[Zdravko Kuzmanović]]; increased from about €3.5&nbsp;million in 2008). However it was also offset by the write-down of selling players (€6,062,545, from players such as [[Manuel da Costa (footballer, born 1986)|Manuel da Costa]], [[Arturo Lupoli]] and [[Davide Carcuro]]).<ref name=Fiorentina2009bilancio>ACF Fiorentina S.p.A. ''bilancio'' (financial report and accounts) on 31 December 2009 (in Italian), [http://www.registroimprese.it PDF purchased from Italian C.C.I.A.A.] {{Webarchive|url=https://web.archive.org/web/20140430040135/http://www.registroimprese.it/ |date=30 April 2014 }}</ref>

After the club failed to qualify to Europe at the end of [[2009–10 Serie A]], as well as lack of player profit, Fiorentina turnover was decreased from €140,040,713 in 2009 to just €79,854,928, despite the wage bill also falling, ''la Viola'' still made a net loss of €9,604,353.<ref name=Fiorentina2010bilancio>ACF Fiorentina S.p.A. ''bilancio'' (financial report and accounts) on 31 December 2010 (in Italian), [http://www.registroimprese.it PDF purchased from Italian C.C.I.A.A.] {{Webarchive|url=https://web.archive.org/web/20140430040135/http://www.registroimprese.it/ |date=30 April 2014 }}</ref><ref>{{cite news|url=http://www.ju29ro.com/contro-informazione/3403-bilancio-fiorentina-2010-in-perdita-nonostante-la-plusvalenza-da-cessione-del-ramo-commerciale.html|title=Bilancio Fiorentina 2010: in perdita, nonostante la cessione del ramo commerciale|date=6 September 2011|access-date=4 March 2012|publisher=ju29ro.com|language=it|archive-date=11 January 2012|archive-url=https://web.archive.org/web/20120111215239/http://www.ju29ro.com/contro-informazione/3403-bilancio-fiorentina-2010-in-perdita-nonostante-la-plusvalenza-da-cessione-del-ramo-commerciale.html|url-status=live}}</ref> In the 2011 financial year, the turnover slipped to €67,076,953, as the club's lack of capital gains from selling players and 2010 financial year still included the instalments from UEFA for participating [[2009–10 UEFA Europa League]]. Furthermore, the gate income had dropped from €11,070,385 to €7,541,260. The wage bill did not fall much and in reverse the amortisation of transfer fee had sightly increased due to new signings. ''La Viola'' had savings in other costs but counter-weighted by huge €11,747,668 write-down for departed players, due to D'Agostino, Frey and Mutu, but the former would counter-weight by co-ownership financial income, which all made the operating cost remained high as worse as last year. Moreover, in 2010 the result was boosted by acquiring the asset from subsidiary (related to AC Fiorentina) and the re-valuation of its value in separate balance sheet. If deducting that income (€14,737,855), 2010 financial year was net loss 24,342,208 and 2011 result was worse with €8,131,876 only in separate balance sheet.<ref>{{cite news|url=http://www.ju29ro.com/contro-informazione/4104-bilancio-fiorentina-2011-perdita-da-rendimento-sportivo.html|title=Bilancio Fiorentina 2011: perdita da rendimento sportivo|date=7 June 2012|access-date=13 June 2012|publisher=Ju29ro.com|language=it|first=Luca|last=Marotta|archive-date=9 June 2012|archive-url=https://web.archive.org/web/20120609065229/http://www.ju29ro.com/contro-informazione/4104-bilancio-fiorentina-2011-perdita-da-rendimento-sportivo.html|url-status=live}}</ref><ref name=Fiorentina2011bilancio>ACF Fiorentina S.p.A. ''bilancio'' (financial report and accounts) on 31 December 2011 (in Italian), [http://www.registroimprese.it PDF purchased from Italian C.C.I.A.A.] {{Webarchive|url=https://web.archive.org/web/20140430040135/http://www.registroimprese.it/ |date=30 April 2014 }}</ref> In 2012, the club benefited from the sales of [[Matija Nastasić]] and [[Valon Behrami]],<ref name=Fiorentina2012bilancio>ACF Fiorentina S.p.A. ''bilancio'' (financial report and accounts) on 31 December 2012 (in Italian), [http://www.registroimprese.it PDF purchased from Italian C.C.I.A.A.] {{Webarchive|url=https://web.archive.org/web/20140430040135/http://www.registroimprese.it/ |date=30 April 2014 }}</ref><ref>{{cite web|url=http://luckmar.blogspot.com.au/2013/07/bilancio-fiorentina-2012-in-utile.html|title=Bilancio Fiorentina 2012: in utile grazie a Nastasic.|date=16 July 2013|access-date=19 January 2016|language=it|first=Luca|last=Marotta|archive-date=26 January 2016|archive-url=https://web.archive.org/web/20160126155737/http://luckmar.blogspot.com.au/2013/07/bilancio-fiorentina-2012-in-utile.html|url-status=live}}</ref> followed by [[Stevan Jovetić]] and [[Adem Ljajić]] in 2013.<ref name=Fiorentina2013bilancio>ACF Fiorentina S.p.A. ''bilancio'' (financial report and accounts) on 31 December 2013 (in Italian), [http://www.registroimprese.it PDF purchased from Italian C.C.I.A.A.] {{Webarchive|url=https://web.archive.org/web/20140430040135/http://www.registroimprese.it/ |date=30 April 2014 }}</ref><ref>{{cite web|url=http://luckmar.blogspot.com.au/2014/07/bilancio-fiorentina-2013-secondo-utile.html|title=Bilancio Fiorentina 2013: secondo utile consecutivo con plusvalenze.|date=23 July 2014|access-date=19 January 2016|language=it|first=Luca|last=Marotta|archive-date=26 January 2016|archive-url=https://web.archive.org/web/20160126144413/http://luckmar.blogspot.com.au/2014/07/bilancio-fiorentina-2013-secondo-utile.html|url-status=live}}</ref> In 2014, due to €28.4&nbsp;million drop from the windfall profit of selling players, the club recorded their worst financial results since re-foundation, despite the fact the club maintained the same level of windfall profit, the result was still worse than in 2013.<ref name=Fiorentina2014bilancio>ACF Fiorentina S.p.A. ''bilancio'' (financial report and accounts) on 31 December 2014 (in Italian), [http://www.registroimprese.it PDF purchased from Italian C.C.I.A.A.] {{Webarchive|url=https://web.archive.org/web/20140430040135/http://www.registroimprese.it/ |date=30 April 2014 }}</ref><ref>{{cite web|url=http://www.italy24.ilsole24ore.com/art/panorama/2015-09-15/acf-fiorentina-lost-69-million-five-years-160037.php?uuid=ACxgRDy|title=Fiorentina joins club of teams forced to embrace austerity|date=17 September 2015|access-date=19 January 2016|publisher=il sole 24 ore|archive-date=15 January 2017|archive-url=https://web.archive.org/web/20170115104600/http://www.italy24.ilsole24ore.com/art/panorama/2015-09-15/acf-fiorentina-lost-69-million-five-years-160037.php?uuid=ACxgRDy|url-status=live}}</ref><ref>{{cite web|url=http://luckmar.blogspot.com.au/2015/07/bilancio-fiorentina-2014-37-milioni-di.html|title=Bilancio Fiorentina 2014: 37 milioni di perdita e l'obiettivo "imperativo" di Della Valle.|date=18 July 2015|access-date=19 January 2016|language=it|first=Luca|last=Marotta|archive-date=26 January 2016|archive-url=https://web.archive.org/web/20160126171902/http://luckmar.blogspot.com.au/2015/07/bilancio-fiorentina-2014-37-milioni-di.html|url-status=live}}</ref> Moreover, Fiorentina also revealed that the club had a relevant football net income of minus €19.5&nbsp;million in the first assessment period of [[UEFA Financial Fair Play Regulations]] in the 2013–14 season (in May 2014).<ref>{{cite web|url=http://www.uefa.com/community/news/newsid=2064391.html|title=Financial fair play: all you need to know|date=30 June 2015|access-date=19 January 2016|publisher=UEFA|archive-date=11 January 2016|archive-url=https://web.archive.org/web/20160111230240/http://www.uefa.com/community/news/newsid=2064391.html|url-status=dead}}</ref> (aggregate of 2012 and 2013 results), which within the limit of minus €45&nbsp;million, as well as minus €25.5&nbsp;million in assessment period 2014–15 (aggregate of 2012, 2013 and 2014 results). However, as the limit was reduced to minus €30&nbsp;million in assessment period 2015–16, 2016–17 and 2017–18 season, the club had to achieve a relevant net income of positive €5.6&nbsp;million in 2015 financial year. ''La Viola'' sold [[Juan Cuadrado]] to Chelsea in January 2015 for €30&nbsp;million fee, to make the club eligible to 2016–17 edition of UEFA competitions.<ref name=Fiorentina2014bilancio/>
{| class="wikitable sortable" style="margin: auto; text-align:center;"
|-
|+ Fiorentina<br/>separate [[financial statement]]s
! Financial year !! Turnover !! Result !! Total assets !! Net assets !! Re-capitalization
|-
| colspan=6| '''A.C. Fiorentina S.p.A.''' ([[VAT identification number|PI]] 0039250485) exchange rate €1 = [[Italian lira|Lire&nbsp;]]1936.27
|-
| 1999–2000<ref name=Fiorentina2001bilancio/> || €85,586,138# || €5,550,939 || €184,898,223 || €13,956,954 ||
|-
| 2000–01<ref name=Fiorentina2001bilancio/> || {{decrease}} €61,698,625# || {{increase}} €9,557,318 || {{increase}} €219,996,389 || {{increase}} €23,514,272 || €0
|-
| 2001–02 || colspan=5|Not available due to bankruptcy
|-
| colspan=6| '''ACF Fiorentina S.p.A.''' ([[VAT identification number|PI]] 05248440488) startup capital: €7,500,000
|-
| 2002–03 || || {{fontcolor|red|(€6,443,549)}} || || {{decrease}} €5,256,451 || €4.2&nbsp;million
|-
| 2003 <small>(Jul–Dec)</small> || || {{decrease}} {{fontcolor|red|(€3,885,968)}} || || {{increase}} €6,370,483 || {{increase}} €5&nbsp;million
|-
| 2004<ref name=Fiorentina2005bilancio/> || €33,336,444 || {{decrease}} {{fontcolor|red|(€10,259,252)}} || €99,357,403 || {{increase}} €11,019,231 || {{increase}} €14.908&nbsp;million
|-
| 2005<ref name=Fiorentina2006bilancio/> || {{increase}} €57,646,361 || {{increase}} {{fontcolor|red|(€9,159,356)}} || {{increase}} €107,504,630 || {{increase}} €35,951,875 || {{increase}} €34.092&nbsp;million
|-
| 2006<ref name=Fiorentina2006bilancio/> || {{increase}} €60,961,502 || {{decrease}} {{fontcolor|red|(€19,519,789)}} || {{increase}} €123,327,412 || {{increase}} €51,132,086 || {{increase}} €34.7&nbsp;million
|-
| 2007<ref name=Fiorentina2007bilancio/> || {{increase}} €88,627,385 || {{increase}} {{fontcolor|red|(€3,704,953)}} || {{increase}} €142,484,422 || {{increase}} €67,427,133 || {{decrease}} €20&nbsp;million
|-
| 2008<ref name=Fiorentina2008bilancio/> || {{increase}} €108,521,983 || {{decrease}} {{fontcolor|red|(€9,179,484)}} || {{increase}} €171,220,969 || {{increase}} €78,247,649 || {{Nochange}} €20&nbsp;million
|-
| 2009<ref name=Fiorentina2009bilancio/> || {{increase}} €140,040,713 || {{increase}} €4,442,803 || {{increase}} €173,675,641 || {{increase}} €92,690,451 || {{decrease}} €10&nbsp;million
|-
| 2010<ref name=Fiorentina2010bilancio/> || {{decrease}} €79,854,927 || {{decrease}} {{fontcolor|red|(€9,604,352)}} || {{increase}} €178,314,364 || {{decrease}} €83,086,099 || {{decrease}} €0
|-
| 2011<ref name=Fiorentina2011bilancio/> || {{decrease}} €67,076,953 || {{decrease}} {{fontcolor|red|(€32,474,084)}} || {{decrease}} €156,972,324 || {{decrease}} €50,612,014 || {{Nochange}} €0
|-
| 2012<ref name=Fiorentina2012bilancio/> || {{increase}} €109,060,686 || {{increase}} €1,155,691 || {{increase}} €182,081,303 || {{increase}} €75,667,705 || {{increase}} €23.9&nbsp;million
|-
| 2013<ref name=Fiorentina2013bilancio/> || {{increase}} €121,044,126 || {{increase}} €1,448,376 || {{increase}} €217,891,659 || {{increase}} €92,216,081 || {{decrease}} €15.1&nbsp;million
|-
| 2014<ref name=Fiorentina2014bilancio/> || {{decrease}} €94,339,505 || {{decrease}} {{fontcolor|red|(€37,023,231)}} || {{decrease}} €188,847,357 || {{decrease}} €77,192,851 || {{increase}} €22&nbsp;million
|-
! Aggregate !! !! {{fontcolor|red|(€134,207,148)}} !! / !! / !! €203.9&nbsp;million
|-
! Average !! !! {{fontcolor|red|(€10,736,572)}} !! !! €58,149,609 !! €16.312&nbsp;million
|-
| colspan=6|'''Note:''' #Windfall profit from selling players excluded<br>Italian accounting standards was changed over the years
|}
{{clear}}