Roma on Thursday introduced a change of possession, with US billionaire Dan Friedkin shopping for the Serie A membership for 591 million euros ($700 million). Friedkin, 54, takes over the Italian facet from American businessman James Pallotta, 62. “AS Roma can verify that an settlement has tonight been reached between AS Roma SPV, LLC, the bulk shareholder of AS Roma S.p.A, and The Friedkin Group concerning the sale of the membership,” the membership mentioned in an announcement. “The operation is valued at round 591 million euros,” the membership added. The ultimate gross sales settlement should be signed earlier than the tip of August. Pallotta purchased two-thirds of the membership’s shares in 2012, however has had 100 % possession since 2014.
Houston-based Friedkin is the chief government of the Friedkin Group, a consortium notably concerned within the automotive and resort and leisure business.
“All of us at The Friedkin Group are so blissful to have taken the steps to turn out to be part of this iconic metropolis and membership,” mentioned Friedkin in an announcement.
“We look ahead to closing the acquisition as quickly as attainable and immersing ourselves within the AS Roma household.”
In line with Forbes, his fortune is estimated at simply over 4 billion (Three.6 billion euros), which might make him the 504th richest man on this planet.
Friedkin’s son Ryan will reportedly be concerned within the each day operating of the membership.
“Over the past month, Dan and Ryan Friedkin have demonstrated their complete dedication to finalising this deal and taking the membership ahead in a constructive method,” mentioned Pallotta.
“I’m positive they are going to be nice future homeowners for AS Roma.”
Boston-based Pallotta had been unpopular amongst membership followers for his uncommon appearances in Italy and his dealing with of participant transfers and the departures of membership legends Francesco Totti and Daniele De Rossi who had been each pushed out of the membership.
Roma have had recurring monetary difficulties and been sanctioned by European soccer’s governing physique UEFA for breaches of economic honest play.
Because of this the membership are very lively within the switch market, usually promoting off their greatest gamers, to the chagrin of followers.
Pallotta’s nice venture had been the development of a brand new stadium within the south of the capital which was delayed due to authorized and bureaucratic points, and stays on the strategy planning stage.
The high-point of Pallotta’s reign was the membership’s sensational Champions League Three-Zero second leg comeback in 2018 to beat Barcelona, earlier than shedding to Liverpool within the semi-finals.
The membership gained their third Serie A title in 2001, however haven’t lifted any silverware for the reason that Italian Cup in 2008.
Promoted
This season they completed fifth, lacking out on elite European competitors for the second 12 months in a row.
They may play Sevilla later Thursday within the Europa League final 16.
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