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U.S. Billionaire Dan Friedkin Indicators Deal to Purchase Italy’s AS Roma

Summary

AS Roma (Photograph Credit score: Reuters) Roma mentioned formal contracts with the Friedkin Group have been signed for a transaction valued at 591 million euros. Reuters Final Up to date: August 6, 2020, 12:44 PM IST […]


AS Roma (Photo Credit: Reuters)

AS Roma (Photograph Credit score: Reuters)

Roma mentioned formal contracts with the Friedkin Group have been signed for a transaction valued at 591 million euros.

  • Reuters
  • Final Up to date: August 6, 2020, 12:44 PM IST

U.S. billionaire Dan Friedkin has signed a deal to buy the Italian Serie A soccer membership AS Roma, the membership mentioned on Thursday.

Roma mentioned formal contracts with the Friedkin Group have been signed on Wednesday for a transaction valued at 591 million euros ($702 million). The transaction is anticipated to shut by the of the month.

“We now have signed the contracts tonight and, over the approaching days, will now work collectively to finish the formal and authorized course of that may consequence within the membership altering palms,” AS Roma president James Pallotta mentioned in a press release.

“Over the past month, Dan and Ryan Friedkin have demonstrated their whole dedication to finalizing this deal and taking the membership ahead in a constructive means. I’m positive they are going to be nice future house owners for AS Roma.”

A gaggle of U.S. traders led by Pallotta purchased AS Roma in 2012.

Pallotta, a businessman of Italian descent, struggled to revive the fortunes of the membership, which received the final of its three Serie A titles in 2001, and has seen his plans to construct a brand new stadium annoyed by planning points.

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