Roma confirm €780m takeover talks with Friedkin Group
Roma president James Pallotta is reportedly close to selling his majority share in the Serie A club to the US-based business consortium.
Roma have confirmed they are in negotiations with The Friedkin Group over a reported €780million takeover but the Serie A club denied an agreement has been finalised.
Reports in Italy on Sunday suggested Giallorossi president James Pallotta has agreed to sell his majority share to the Texas-based consortium, led by billionaire chairman Dan Friedkin.
But capital club Roma issued a statement insisting "no definitive agreements" have been formalised.
The Friedkin Group's acquisition of the team "remains subject to a successful completion of legal due diligence upon the AS Roma Group," the statement said.
Pallotta apologises for "disaster" season for Roma
#ASRoma have issued the following statement regarding reports that recently appeared in the press concerning a potential transaction involving AS Roma S.p.A and The Friedkin Grouphttps://t.co/8n0Rugeu6e pic.twitter.com/lERvSiopwW— AS Roma English (@ASRomaEN) December 30, 2019
Boston-born Pallotta, who became president in 2012, is said to have spent several months searching for a buyer.
He apologised for a "complete disaster" of a season after Roma finished sixth in Serie A last term and has been frustrated in his attempts to move forward with plans for a new stadium.
On-field results have improved since Paulo Fonseca took charge as head coach in June, the former Shakhtar Donetsk boss having guided Roma to fourth at the mid-season break.
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