U.S. Billionaire Nears Purchase of AS Roma Soccer Club

(Bloomberg) — U.S. billionaire Dan Friedkin is nearing the purchase of Italian soccer club AS Roma SpA from its main shareholder James Pallotta, Il Messaggero reported.The deal could be finalized by Dec. 31 and the value of the team has been set at 780 million euros ($872 million), Messaggero said on Sunday, without citing anyone. Last month AS Roma SPV LLC, which controls the club, said there were preliminary talks with potential investors for a sale.Friedkin, who is being advised by JPMorgan Chase & Co., will be forced to plan a takeover of AS Roma at a price of 0.62 …read more

Source:: Yahoo Finance

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