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Sport US magnate Friedkin buys AS Roma for 600 million euros

12:25  06 august  2020
12:25  06 august  2020 Source:   pressfrom.com

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Pallotta bought two-thirds of club shares for US 0m in 2011 and - according to La Repubblica - now values the Serie A club at more than US billion. The Friedkin Group represents a huge opportunity for Roma , given that they have an even greater financial capability than the current owner.

MILAN (Reuters) - AS Roma is in talks with a group led by U . S . billionaire Dan Friedkin looking to buy the Italian Serie A soccer club, it said on In June American billionaire Rocco Commisso bought Serie A club ACF Fiorentina from Italy's Della Valle family for a reported sum of about 160 million euros .

In Serie A there is a spectacular change of ownership. After a failed takeover attempt in recent months, US entrepreneur Dan Friedkin reached an agreement with the Roma owner, James Pallotta, and took over the club on Thursday night.

Von nun an in der Hand von US-Unternehmer Dan Friedkin: Die AS Roma. © imago images From now on in the hands of US entrepreneur Dan Friedkin: AS Roma.

The deal worth 600 million euros was closed in London. This marks the beginning of a new chapter in the history of the Italian capital city club. The club, listed on the Milan Stock Exchange, has been owned by US entrepreneur Pallotta, who was also the club's president and sole owner since 2014, since 2011. The club is said to be controlled by a newly formed company based in London.

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AS Roma is in talks with a group led by U . S . billionaire Dan Friedkin looking to buy the Italian Serie A soccer club, it said on Monday. In June American billionaire Rocco Commisso bought Serie A club ACF Fiorentina from Italy’s Della Valle family for a reported sum of about 160 million euros .

Serie A club Roma on Monday confirmed negotiations with US billionaire Dan Friedkin to buy the Italian club. "The Friedkin Group are in negotiations related to a potential transaction involving NEEP Roma Holding Spa and its subsidiaries - including AS Roma ," the club said in a statement early

In a first phase, Pallotta is to receive 200 million euros. Thereafter, a capital increase in the order of 90 million euros is to be resolved. Friedkin's son Ryan is to take over the management of the club.

"You will be great Roma owners." - James Pallotta

Friedkin is known as a US importer of Toyota cars. "Dan and Ryan Friedkin have shown determination to reach an agreement and take over the club. They will be great Roma owners," Pallotta commented in a press release. "We are over the moon that we have taken all the necessary steps to become part of this club and the city of Rome," said Friedkin.

The Kuwaiti entrepreneur Fahad Al Baker, who claims to have made an offer to take over the traditional club in the past few days, withdrew his offer. The Milan Stock Exchange reacted positively to the change in ownership of the Roma. The club share rose by 3.7 percent to EUR 0.57 on Thursday.

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“The Friedkin Group are in negotiations related to a potential transaction involving NEEP Roma Holding Spa and its subsidiaries — including AS Roma ,” the club said in a statement early Monday. It follows reports that the 54-year-old Texas-based businessman will imminently take over as majority

US billionaire Dan Friedkin is poised to buy a majority stake in Italian club Roma in a deal worth up to 780 million euros (2 million ), according to several reports in Italy on Sunday. The 54-year-old Texas-based businessman will imminently take over from a US consortium led by fellow American


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