The possession of three-time Serie A champion Roma is being transferred from one American group to one other.
The Italian membership introduced a virtually 600 million euro ($700 million) deal on Thursday for the Texas-based Friedkin Group to take over management of the group.
“The transaction is anticipated to close by the end of August 2020, and is subject to customary closing conditions,” Roma stated in a press release Thursday.
“I am pleased to confirm we have reached an agreement with the Friedkin Group for the sale of AS Roma,” stated present Roma president Jim Pallotta, who leads a bunch of Boston executives who bought the membership in 2011.
Pallotta has grown pissed off over years of delays regarding a proposed new stadium for the membership.
“We have signed the contracts tonight and, over the coming days, will now work together to complete the formal and legal process that will result in the club changing hands,” Pallotta stated. “Over the last month, Dan and Ryan Friedkin have demonstrated their total commitment to finalizing this deal and taking the club forward in a positive way. I am sure they will be great future owners for AS Roma.”
The announcement comes on the identical day Roma faces Sevilla in the Europa League spherical of 16, having completed fifth in Serie A.
“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,” stated Dan Friedkin, chairman and CEO of the Friedkin Group. “We look forward to closing the purchase as soon as possible and immersing ourselves in the AS Roma family.”