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Rome said in a statement that formal contracts with Houston, Texas-based Friedkin Group were signed Wednesday for a deal valued at 591 million euros.
American billionaire Dan Friedkin signed a $700 million deal to buy AS Roma, an Italian Serie A football club, announced the club on Thursday.
Rome said in a statement that formal contracts with Houston, Texas-based Friedkin Group were signed Wednesday for a deal valued at 591 million euros.
“We look forward to complete the acquisition as soon as possible and dive into the AS Roma family,” Friedkin said on the club’s website.
Official related to the property of AS Roma.Full history ➡️ https://t.co/klCQq76tbB pic.twitter.com/F15rSXTdt1
Current President James Pallotta said either would work to complete the procedure in the coming days. The transaction is expected to close during the month.
“Over the next month, Dan and Ryan Friedkin have shown their overall commitment to ending this agreement and advancing the club in a positive way. I’m sure they will be wonderful long-term owners of AS Roma,” Pallotta said.
This is the first stake in a Primary Sports Club of the Friedkin Group that is a consortium of automotive, hospitality, entertainment, golf and adventure companies.
These come with Imperative Entertainment, described through Friedkin Group as an “innovative entertainment studio” in California. Dan Friedkin himself made his directorial debut last year with the film Lyrebird.
Several of the US investors led by Pallotta bought AS Roma in 2012.
AS Roma bought through US billionaire Dan Friedkin https://t.co/mfAqOsOazZ
Pallotta, an Italian-born businessman, hired eight other coaches as he struggled to revive the club’s fortune, which won the last of his three Serie A titles in 2001.
Rome finished the moment three times under his leadership by seriously wondering about the dominance of Juventus, which has won Serie A in the last nine seasons. They also reached the Champions League semi-finals in 2017-18.
He also saw plans to build a new stadium for the club, which lately stores the Stadio Olimpico with its Neighbors Lazio, frustrated by planning problems.
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Kazi Anis Ahmed, editor