Serie A

US billionaire set to complete takeover of Roma

The Giallorossi are already owned by American James Pallotta, but are set to change hands in a half-billion pound deal

 
12:17pm on Thursday 6th August 2020
By
Martin Macdonald

Roma are set to be bought by American billionaire Dan Friedkin for €591m.

The club are currently owned by another American, James Pallotta, who took over the club in 2012 but has on occasion clashed with Roma fans, while he has seen plans to replace the Stadio Olimpico with a brand new facility scuppered by planning issues.

Roma announced on Thursday that the relevant contracts had been signed on Wednesday, and that they expect the full purchase to be completed by the end of August ahead of the new Serie A season.

"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," Roma president Pallotta said in a statement on Thursday.

"Over the last month, Dan and Ryan Friedkin have demonstrated their total commitment to finalising this deal and taking the club forward in a positive way.

“I am sure they will be great future owners for AS Roma."

Friedkin is the CEO of Gulf States Toyota Distributors, an American franchise distributor of Toyota vehicles and parts.

The takeover will be completed without Roma having qualified for the Champions League via their league position.

However, they could make it if they manage to win the Europa League, with them set to take on Sevilla in the Round of 16 on Thursday.

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