AS Roma have confirmed a deal has been reached for the sale of the club to the American-based Friedkin Group.
Roma president James Pallotta signed documents on Wednesday to sell Roma to Dan Friedkin, the CEO of the Friedkin Group.
The details of the transaction were confirmed in a statement given to the CONSOB, the government authority in charge of regulating the Italian securities market.
The Friedkin Group paid €591M (£534M) to buy the Serie A club.
The deal is expected to be completed before the end of August according to a statement on the club’s official website.
Following the announcement to CONSOB, Jim Pallotta, AS Roma President said: “I am pleased to confirm we have reached an agreement with the 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.”
Dan Friedkin, Chairman and CEO of The Friedkin Group, 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.”
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