Friedkin acquires Roma for $700m

Serie A giants, AS Roma have announced the acquisition of the club by American billionaire, Dan Friedkinn.

The club disclosed this in an official announcement on Thursday

“AS Roma can confirm that an agreement has tonight been reached between AS Roma SPV, LLC, the majority shareholder of AS Roma S.p.A, and The Friedkin Group regarding the sale of the club,” the club said in a statement.

“The operation is valued at around 591 million euros,” the club added. The final sales agreement must be signed before the end of August.

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Friedkinn will take over from American compatriot, James Palotta, who took over the club in 2012.

Friedkin, who is the chief executive of the Friedkin Group, a consortium based in Houston confirmed this acquisition with an official statement

“All of us at The Friedkin Group are so happy to have taken the steps to become a part of this iconic city and club,” said Friedkin in a statement.

“We look forward to closing the purchase as soon as possible and immersing ourselves in the AS Roma family.”

Friedkin will look to restore the sleeping giants of Italian football back to its glory days, which may see them clinch their first Scudetto in 19 years.

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Edidiong-Ronny Ikpoto

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