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8/6, 10:58 AM (Source: TeleTrader)
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Friedkin Group buys AS Roma for €591M

AS Roma SPV LLC, the majority shareholder of AS Roma football club, announced on Thursday that United States-based The Friedkin Group Inc. acquired the controlling interest in the team.

The transaction, expected to be finalized by the end of August 2020, is valued at €591 million and the American company will own an 86.6% stake in the club once the deal gets cleared by the authorities.

"I am pleased to confirm we have reached an agreement with The Friedkin Group for the sale of AS Roma. 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," AS Roma President James Pallotta said in a statement.

Breaking the News / MS