Dan Friedkin buys Roma from Pallota for 591 million euros

Rome will have a new owner as confirmed by the club itself with an official early release (at 08:11 this Thursday). Dan Friedkin, CEO of 'The Friedkin Group', 591 million euros through, has made the aforementioned purchase. In this way, the stage of James Pallota at the head of the entity comes to an end. Or at least it will do so once the last fringes are closed, which “are expected to do so at the end of August 2020,” according to the said statement.

“I am pleased to confirm that we have reached an agreement with Friedkin Group for the sale of AS Roma. Tonight we sign the documents and in the next few days we will work together to complete the formal and legal process that will mean the change of hands of the Club. In recent months, Dan and Ryan Friedkin have shown total dedication in wanting to finalize this agreement and lead the Club positively. I am sure they will be great future owners of AS Roma. “These were the words of a James Pallota who bought the Giallorossa entity for 110 million in 2011.

For his part, Dan Friedkin has been delighted to achieve something he was long after, since last Christmas the change of hands was practically done for a higher amount (780 million euros): “Tall in Friedkin Group we are delighted to have taken the necessary steps to become part of this iconic city and club. We are eager to close the purchase as soon as possible and immerse ourselves in the AS Roma family. “

The Pallota stage has not been accompanied by titles, but it has been accompanied by strong sports and institutional growth, as evidenced by the revaluation of the club and the profit obtained by the 62-year-old American businessman. 'The Friedkin Group' arrives with the economic muscle that gives it its wealth, $ 4.3 billion according to Forbes, and will try to return the historic Italian team to the fight for metals. The renewal of young values ​​like Zaniolo and Kluivert they seem like the first operations to be dealt with by the new owners before launching into the market.