Connect with us

AFP

US businessman Friedkin set to buy AS Roma – reports


Milan (AFP) – US billionaire Dan Friedkin is poised to buy a majority stake in Italian club Roma in a deal worth up to 780 million euros ($872 million), according to several reports in Italy on Sunday.

The 54-year-old Texas-based businessman will imminently take over from a US consortium led by fellow American James Pallotta, who bought two-thirds of Roma’s shares in 2012.

Gazzetta Dello Sport and Sky Sports Italia reported that a preliminary agreement has been reached between both parties.

There was no official confirmation of the deal but Roma had in November said the club was in  “preliminary talks with potential investors”.

Friedkin is the chief executive of Friedkin Group, the owner of Gulf States Toyota, an independent vehicle distributor in the US.

Friedkin’s son Ryan could move to the Italian capital to manage the club, according to Italian news agency AGI.

Pallotta, chairman of Boston-based hedge fund Raptor Capital Management, may keep a minority stake in the club, according to reports.

Three-time Italian league champions Roma, who have not won Serie A since 2001, are currently fourth in the Italian league, just behind city rivals Lazio.

Their last silverware was the Italian Cup in 2008.

200+ Channels With Sports & News
  • Starting price: $33/mo. for fubo Latino Package
  • Watch Premier League, World Cup, Euro 2024 & more
  • Includes NBC, USA, FOX, ESPN, CBSSN & more
Live & On Demand TV Streaming
  • Price: $69.99/mo. for Entertainment package
  • Watch World Cup, Euro 2024 & MLS
  • Includes ESPN, ESPN2, FS1 + local channels
Many Sports & ESPN Originals
  • Price: $6.99/mo. (or get ESPN+, Hulu & Disney+ for $13.99/mo.)
  • Features Bundesliga, LaLiga, Championship, & more
  • Also includes daily ESPN FC news & highlights show
2,000+ soccer games per year
  • Price: $4.99/mo
  • Features Champions League, Serie A, Europa League & NWSL
  • Includes CBS, Star Trek & CBS Sports HQ
175 Premier League Games & PL TV
  • Starting price: $4.99/mo. for Peacock Premium
  • Watch 175 exclusive EPL games per season
  • Includes Premier League TV channel plus movies, TV shows & more
Click to comment

Leave a Reply

Your email address will not be published.

More in AFP

Translate »