US Billionaire Buys Roma in £532m Deal
US billionaire Dan Friedkin has signed a deal worth 591m euros to take over Italian Serie A side Roma.
“We look forward to closing the purchase as soon as possible and immersing ourselves in the AS Roma family,” said Friedkin.It is Friedkin’s first significant investment in a sport. He has business interests in the car, entertainment and hospitality industries. He will take on Roma from a group of United States-based investors, led by businessman James Pallotta, who bought the club in 2012.
Under Pallotta’s leadership as club president Roma finished as Serie A runners-up three times and reached the semi-finals of the Champions League in 2018 via a famous comeback victory over Barcelona. Pallotta had to pay a fine after jumping in one of Rome’s historic fountains during the celebrations.
However his hopes of building a dedicated stadium for the club, who share the Stadio Olimpico with city rivals Lazio, have been frustrated by planning issues.
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