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Roma has announced an agreement with the club with the American organization Friedkin, which bought the Serie A giants for 591 million euros (534 million pounds / 702 million dollars).
Former club owner and president James Pallotta signed the initial contracts Wednesday night with Rome with Dan Friedkin, the current chairman and ceo of Friedkin Group.
Rome showed the news in a long time on its official website, which reads: “AS Roma SPV, LLC (“AS Roma SPV”), the majority shareholder of AS Roma SpA (the ” team”), announces the signing of a percentage acquired commitment agreement with The Friedkin Group, Inc. (“Friedkin”) under which, among other things, AS Roma SPV will sell its majority stake in FriedkinArray adding the budget it has made to help its planned capitalization , and Friedkin will assume some responsibilities of the team. »
Pallotta expressed his joy after finishing the deal, as well as his confidence that the club is now in the hands of Houston-based businessman Friedkin in the convention hall with his son Ryan.
“I must verify that we have reached an agreement with the Friedkin Group for the sale of AS Roma,” the 62-year-old entrepreneur said.
“We signed the contracts tonight and over the next few days we will now paint together to complete the formal and legal process that will result in the replacement of the club’s hands.
“Over the past month, Dan and Ryan Friedkin have shown their overall commitment to finalizing this agreement and making the club move forward in a positive way. I’m sure they’ll be wonderful long-term owners of AS Roma.”
Dan Friedkin added on the agreement: “Within the Friedkin Group, we are all very happy to have taken the steps to be part of this iconic city and club.
“We look forward to completing the acquisition as soon as possible and immersing ourselves in the AS Roma family.”
Negotiations between Pallotta and Friedkin were reported in June that negotiations had failed, as the club announced plans to seek new donations while running with Goldman Sachs bankers.
Reports of an offer overdue through a Kuwaiti organization submitted through Fahad Al-Baker arose earlier this month, however, the Friedkin Group officially won the Rome asset race, and the deal will be finalized until the end of August.
Pallotta wrote a message to enthusiasts last year emphasizing the desire for the club to leave Stadio Olimpico, the court he has lately with his rivals Lazio, and moves to a new stadium to challenge the level.
“I’ve said it a million times: if we still want to compete with the groups in Europe, we want the stadium,” he said.
That dream can still come true in the coming years after the Friedkin Group’s investment, with many paintings to be made on the field after Roma failed to secure a return to the Champions League in 2019-20.