The news that a Russian consortium has pulled out of a bid to buy Roma, has left the cash-strapped Serie A club’s future in jeopardy.

After Sunday’s 4-1 win over Parma, Roma said their net loss in the six months to December was still €47.8m.

Last week it was reported the Russians were on the brink of signing a €400m deal to buy the club.

However, according to the company’s lawyer, Salvatore Trifiro, his client’s u-turn was prompted by an investigation by Italy’s finance police into false accounting in soccer clubs.

The Russians’ withdrawal leaves Roma in dire financial difficulties.. They are estimated to be €300m in debt and unless they find an alterbnnative buyer or rekindle the inetrest of the Russian consortium, theire future remains uncertain. Certainly, Trifiro believes it is unlikely the Russians will return.

“The way in which they closed negotiations leads me to believe they won’t be back,” Trifiro was quoted as saying in La Gazzetta dello Sport on Monday.

So. Roma’s best hope of financial stability lies in finding someone with enough money to wipe out its debts. However, the possibility of another Roman Abramovich emerging, seems remote.