American billionaire, Dan Friedkin has signed a deal to purchase Italian Serie A club, AS Roma.
This was disclosed on Thursday, Aug 6, where it said the club had agreed formal contracts with the Friedkin Group for a transaction valued at €591million (£532million).
Club’s president, James Pallota in a statement said, “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. 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.”
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Dan Friedkin said, “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. We look forward to closing the purchase as soon as possible and immersing ourselves in the AS Roma family.”Photo Credit: Getty