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 first Serie A season, the club made a net loss of €9,159,356, 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 million to €24 million. 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. 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. 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 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, Arturo Lupoli and Davide Carcuro).