Serie A membership Roma on Monday confirmed negotiations with US billionaire Dan Friedkin to purchase the Italian membership.
“The Friedkin Group are in negotiations related to a potential transaction involving NEEP Roma Holding Spa and its subsidiaries – including AS Roma,” the membership stated in an announcement early Monday.
It follows experiences that the 54-year-old Texas-based businessman will imminently take over as majority shareholder from fellow American James Pallotta in a deal value as much as 780 million euros ($872 million).
“AS Roma informs that no definitive agreements concerning a transfer … have been formalised to date and that any potential transaction with The Friedkin Group remains subject to a successful completion of a legal due diligence upon the AS Roma Group,” the assertion continued.
According to a number of media experiences, a preliminary settlement has been reached with Friedkin to take over from a US consortium led by Pallotta, who purchased two-thirds of Roma’s shares in 2012.
Since then Pallotta, 61, has been pushing for the development of a brand new stadium in Rome, nevertheless it stays at a starting stage.
US-based Pallotta stays unpopular amongst membership followers for his uncommon appearances in Italy and his dealing with of membership legends Francesco Totti and Daniele De Rossi who had been each pushed out of the membership.
Friedkin is the chief govt of Friedkin Group, the proprietor of Gulf States Toyota, an impartial automobile distributor within the US. Passionate about cinema, he has additionally produced a number of movies.
Friedkin’s son Ryan may transfer to the Italian capital to handle the membership, based on Italian information company AGI.
Pallotta, chairman of Boston-based hedge fund Raptor Capital Management, could maintain a minority stake within the membership, based on experiences.
Three-time Italian league champions Roma, who haven’t gained Serie A since 2001, are at the moment fourth within the Italian league, simply behind metropolis rivals Lazio.
Their final silverware was the Italian Cup in 2008.
They reached the Champions League semi-finals in 2018, however didn’t qualify for the European competitors this season.