By Daily sports on August 18, 2020
The Friedkin Group are the new owners of AS Roma, the Serie A side announced on Monday, two weeks after U.S. billionaire Dan Friedkin signed a deal worth more than $700 million to purchase the Italian club.
The Friedkin Group announced the acquisition of the 86.6% majority stake in the club and they will launch a mandatory tender offer upon the publicly held ordinary shares.
Roma said earlier this month that formal contracts with the Houston, Texas-based Friedkin Group were signed for a transaction valued at 591 million euros ($700.75 million).
“Our commitment to Roma is total,” Dan Friedkin, CEO and chairman of The Friedkin Group, said in a statement. “We will be very present in Rome, a city that holds a special place in our hearts, as we embark on this exciting journey.
“We recognise we are entrusted with a team that is a vital part of the soul of Rome, and this is a responsibility that we find humbling and will always take very seriously.”
The club confirmed it had received the resignation of departing club president James Pallotta and other members from the board of directors.
“Like every Roma fan in the world, I truly hope The Friedkin Group can build on what we have done over the last eight years, transforming Roma into a truly international club, and take AS Roma to the next level,” Pallotta said.
“This is an incredibly special football club and I leave with many unforgettable memories.”
After a group of U.S. investors led by Pallotta bought Roma in 2012, the club finished runners-up three times behind champions Juventus.
However, they missed out on the Champions League in the last two seasons after finishing sixth and fifth. (Reuters/NAN)
•PHOTO: Roma’s new owner, Billionaire Dan Friedkin
Source Daily sports
Posted August 18, 2020
You may also like...
Insurance, Bayelsa Queens emerge Fed Cup champions
Joshua on track for January return
Ahmedu backs Oyedeji to steady Nigerian basketball
Lukaku: Jose Mourinho does not fake emotions
Enyimba In Confed Cup Group of Death
U-17 AFCON: Mali retain crown
Messi is pure history, says Argentine coach ahead of World Cup final
Trump says England’s Tuchel ‘made a mistake’ with Kane in Argentina World Cup defeat
World Cup final: Messi may equal Ronaldo’s unique football record
D’Tigers star Eric to hold basketball camp in Lagos
Commonwealth Games: Amusan arrives Team Nigeria camp
Oloko’s Falcons dream comes true with Nnadozie
WAFCON worth fighting for, says Oshoala
Ashe praises world-class Nigeria camp ahead of C’wealth Games
World Cup: Argentina face FIFA sanction over Falklands banner display
World Cup English FA backs Tuchel despite semi-final loss
Messi, Argentina finds Pickford’s penalty cheat sheet – Report
Argentina punished England after sensing weakness, doubts, says Scaloni W’Cup semi-final win
Most Read
Rangers International going, going . . . (63,960 views)
Amaju Pinnick: A cat with nine lives (55,301 views)
Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (53,211 views)
Current issues in Nigerian sports: Matters arising (52,817 views)
Sports Development: Zenith Bank on the zenith (52,700 views)
Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (52,570 views)
Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (52,460 views)
NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (51,975 views)
Olopade, BET9A wave of revolution in NNL (51,194 views)
Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (49,661 views)
Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (48,139 views)
John Mikel Obi: Segun Odegbami’s Outrageous Call! (47,525 views)