US billionaire Dan Friedkin has signed a deal worth 591m euros (£532m) to take over Serie A side Roma.
“We look forward to closing the purchase as soon as possible
and absorbing ourselves in the AS Roma family,” said Friedkin.
It’s expected that the deal with go through by the end of August.
It is Friedkin’s first significant investment in a sport.
He has business interests in the car, entertainment, and hospitality industries.
He will take on Roma from a group of United States-based investors, led by businessman James Pallotta, who bought the club in 2012.
Under Pallotta’s leadership as club president, Roma finished as Serie A runners-up three times
and reached the semi-finals of the Champions League in 2018 via a famous comeback victory over Barcelona.
Pallotta had to pay a fine after jumping in one of Rome’s historic fountains during the celebrations.
However, his hopes of building a dedicated stadium for the club who share the Stadio Olimpico with city rivals Lazio, have been frustrated by planning issues.
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