and fell from +€8.8 million to −€13.2 million. In the 2010–11 season, Roma was administrated by UniCredit as the Sensi family failed to repay the bank and the club was put on the market, and were expected to have a quiet transfer window. Concurrently with no selling profit on the players, Roma's net loss rose to €30,589,137 (€30.778 million as a group) and the new owner already planned a re-capitalization after the mandatory bid on the shares. On the positive side, TV income was increased from €75,150,744 to €78,041,642, and gate income increased from €23,821,218 to €31,017,179. This was because Roma entered 2010–11 Champions League, which counter-weighed the effect of the new collective agreement of Serie A. In 2011–12, the renewal of squad and participation in 2011–12 UEFA Europa League had worsened the financial result, which the €50 million capital increase (in advance) was counter-weighted totally by the net loss. In the 2012–13 season, the participation in domestic league only, was not only not harmful to the revenue but increase in gate income as well as decrease in wage bill, however Roma still did not yet break even (€40.130 million net loss in consolidated accounts). NEEP Roma also re-capitalized AS Roma in advance for another €26,550,000 during 2012–13. A proposed capital increase by €100 million for Roma was announced on 25 June 2014; however, until 22 May 2014, NEEP already injected €108 million into the club, which depends on public subscription; more than €8 million would convert to medium-long-term loan from shareholder instead of becoming share capital. Another capital increase was carried in 2018. A joint venture of Roma, which was owned by Roma (37.5%), S.S. Lazio (37.5%) and Parma F.C.(25%), Società Diritti Sportivi S.r.l., was in the process of liquidation since 2005. The company was a joint-venture of four football clubs, including Fiorentina. After the bankruptcy of Fiorentina however, both Roma and Lazio had increased their shares ratio from 25% to 37.5%. Another subsidiary, "Soccer S.A.S. di Brand Management S.r.l.", was a special-purpose entity (SPV) that Roma sold their brand to the subsidiary in 2007. In February 2015, another SPV, "ASR Media and Sponsorship S.r.l", was set up to secure a five-year bank loan of €175 million from Goldman Sachs, for three-month Euribor (min. 0.75%) + 6.25% spread (i.e. min. 7% interests rate p.a.). In 2015, Inter and Roma were the only two Italian clubs that were sanctioned by