COMO, Italy – The improbable dream of Champions League football is within reach for Como 1907, a club resurrected and revitalized by Indonesian investment. But as the Serie A side surges towards a potential top-four finish, a complex set of challenges looms large: managing a talented but potentially shifting squad, upgrading a historic but outdated stadium, and navigating the increasingly stringent regulations of UEFA’s Financial Fair Play (FFP). The club, currently sitting comfortably in a European qualification spot, faces a pivotal summer that will define its long-term trajectory.
Como President Mirwan Suwarso recently emphasized the long-term vision guiding the club’s ambitious project. “This is just a small sporting result within a long-term project,” Suwarso told Gazzetta, following a 2-1 victory over Roma. “We are still in a start-up phase. Everything we did in Serie B is no longer enough in Serie A. Every time you change division, you have to start from scratch, and we’ve already done that three times.” This commitment to sustained growth is crucial as Como prepares for the financial and logistical demands of competing at the highest European level.
The Nico Paz Situation: Real Madrid’s Decision Holds the Key
One immediate concern revolves around Nico Paz, the promising attacking midfielder currently on loan from Real Madrid. His performances have been integral to Como’s success, contributing 16 goals in 64 appearances as of March 23, 2026. However, his future remains uncertain. Suwarso has made it clear that the decision regarding Paz’s permanent transfer rests entirely with the Spanish giants. “A decision on Nico Paz’s return to Real Madrid is ‘entirely’ up to the La Liga giants,” he stated. Reports suggest Real Madrid is monitoring Paz’s development closely, and interest from other clubs, including Inter, could further complicate matters. The player, born in Spain on September 8, 2004, has also begun representing the Argentina national team, adding another layer to his profile.
Stadium Upgrade: Balancing Tradition and Modernity
Como’s Stadio Sinigaglia, a charming venue steeped in history, presents another significant hurdle. Although beloved by fans, the stadium requires substantial upgrades to meet UEFA’s standards for Champions League matches. The club has already initiated the process of resubmitting renovation plans to the heritage authority, aiming for a cost-efficient solution. “We have completed the first phase of documentation. Now we have to resubmit the project in line with the heritage authority’s assessments,” Suwarso explained. The modernization of the stadium is not merely about complying with regulations; it’s about enhancing the matchday experience and creating a sustainable revenue stream for the club.
Financial Fair Play: A €75 Million Cushion, But Long-Term Sustainability is Key
Perhaps the most pressing challenge is navigating UEFA’s Financial Fair Play regulations. Como’s rapid ascent has been fueled by significant investment, but maintaining compliance is paramount. Currently, the club boasts a comfortable €75 million buffer below the UEFA cap. Suwarso points out the unique nature of Como’s situation. “At the moment, we are €75m below the UEFA cap. It should also be said that there is no case study like ours,” he said. “It’s a club that in two years has gone from promotion to Serie A after more than 20 years to reaching Europe.”
However, the president acknowledges that sustained financial health requires continued revenue growth. “Revenues are growing significantly, which suggests that in two or three years we will be able to meet the FFP requirements. For teams entering Europe for the first time, or after a long time, such a margin is allowed.” The club’s ownership group is reportedly planning for a five to six-year timeframe to achieve full financial sustainability, recognizing that football investment differs significantly from traditional business models.
The Hartono Brothers’ Vision and International Appeal
Como 1907 is owned by the Hartono brothers, prominent Indonesian businessmen. Their investment has not only transformed the team on the pitch but has also broadened the club’s international appeal. Recent reports indicate that ten players from the Como squad have received call-ups to their respective national teams, a testament to the club’s growing global reach. This international representation further enhances Como’s brand recognition and potential for commercial partnerships.
What’s Next for Como?
With nine Serie A matches remaining, Como holds a 12-point lead over eighth-placed Bologna, making Champions League qualification highly probable. The immediate focus remains on securing a top-four finish and preparing for the logistical and financial challenges that lie ahead. The club will be closely monitoring the situation with Nico Paz, finalizing stadium renovation plans, and diligently managing its finances to ensure long-term compliance with UEFA’s FFP regulations. The next few months will be critical in determining whether Como can translate its current success into a sustainable European powerhouse.
Como’s journey is a compelling narrative of ambition, investment, and careful planning. Whether they can overcome the hurdles ahead and establish themselves as a consistent force in European football remains to be seen, but one thing is certain: Como 1907 is a club to watch.
Worth a look
