Friedkin Group Acquire Seria A Club "AS Roma"
U.S. billionaire Dan Friedkin and his company Friedkin Group
announced the acquisition of the 86.6% majority stake in the Seria A club and
they will launch a mandatory tender offer upon the publicly held ordinary
shares.
The takeover is worth more than $700 million to
purchase the Italian club.
AS Roma have revealed 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 also 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.
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