A consortium led by American tycoon Dan Friedkin has purchased Roma. The Italian club said concluding contracts with the Friedkin Group were penned earlier this week. The deal is worth around €591 million. In December 2019, Roma confirmed that they had started negotiations with the Friedkin Group, and now, we know that the transaction will be finalized by the end of August.
The current president of Roma, Jim Pallotta, who bought the Italian giants in 2012, says he is quite happy with the agreement and adds that new owners will be excellent for the Serie A club. Pallotta, an Italian entrepreneur, failed to revitalize Roma, which earned the last of its Serie A rewards in 2001 and has witnessed his ideas to construct a new stadium thwarted by local authorities.
We hope Friedkin will have more luck along this road. This purchase is the first investment in a football club for his consortium, which includes various hospitality, entertainment, vehicle, and adventure businesses.