U.S. Businessman Dan Friedkin To Buy Italian Soccer Club AS Roma for ‘$1 Billion’

Dec 30, 2019 893

BY: Giacomo Galardini

Ownership of the Italian soccer giants AS Roma may be changing sooner rather than later, but will still remain in American hands. The Friedkin Group, a consortium run by U.S. billionaire Dan Friedkin, is reportedly about to purchase the majority share of AS Roma from current co-owner and chairman James Pallotta, Friedkin’s compatriot and executive board member of the NBA's Boston Celtics.

The deal is expected to be closed “before the New Year”, an unnamed legal executive at the Friedkin Group told ASRomapress last Friday. Pallotta bought two-thirds of club shares for US$100m in 2011 and - according to La Repubblica - now values the Serie A club at more than US$1 billion.

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SOURCE: https://www.forbes.com

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