US billionaire Dan Friedkin promised to turn Roma into “one of the greatest names in world football” after completing his €591 million ($700 million) purchase of the Italian club on Monday.
Friedkin, 54, takes over the Serie A side after nine-years under the ownership of fellow American James Pallotta, 62.
We’re excited to announce that Italian football club #ASRoma and its related entities are now part of The Friedkin Group. Read more at https://t.co/V9M2BREC4B #ForzaRoma @ASRomaEN pic.twitter.com/l0Mn7ngvbu
— The Friedkin Group (@friedkingroup) August 17, 2020
#ASRoma pic.twitter.com/DRAJ7QnrN0— AS Roma English (@ASRomaEN) August 17, 2020
“We are delighted to join the AS Roma family,” said Friedkin. “As one fan wrote recently, ‘Take our iconic club and make it one of the greatest names in world football. We intend to do just that. Our commitment to Roma is total. We will be very present in Rome, a city that holds a special place in our hearts, as we embark on this exciting journey.
The club's CEO on today's news…
#ASRoma pic.twitter.com/C4feQl9Vdb
— AS Roma English (@ASRomaEN) August 17, 2020
“Our vision for the club and the team is to favour a sustainable and long-term investment approach rather than quick fixes. We recognise that we have been entrusted with a team. which represents a vital part of the soul of Rome, and this is a responsibility that we will always take very seriously and humbly.”
A message from the new #ASRoma owner…
pic.twitter.com/ZJnQE5HSKF
— AS Roma English (@ASRomaEN) August 17, 2020
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Houston-based Friedkin is the chief executive of a consortium notably involved in the automotive and hotel and entertainment industry. The Friedkin Group have through Romulus and Remus Investments LLC, purchased the 86.6 percent majority stake in Roma, and will launch a mandatory tender offer for the remaining 13.4 percent of share capital, the club said in a statement.
Friedkin takes over from Pallotta as club chairman, in a new executive committee which includes his son Ryan, with Guido Fienga remaining on as CEO. Pallotta bought two-thirds of the club’s shares in 2012, but had 100 percent ownership since 2014.
The post Roma: US billionaire completes €591m takeover appeared first on Sporting Life.
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