Reports say Roma President James Pallotta is in talks to sell to tycoon Dan Friedkin and that their new stadium only needs mayoral approval.
Both Il Tempo and Leggo are expecting more developments in the coming days with regards to The Friedkin Group’s proposed takeover of Roma.
They claim Pallotta is currently negotiating the sale of his majority stake in the club, with La Repubblica adding it is valued by the American in the region of €510m.
Reports say Roma President James Pallotta is in talks to sell to tycoon Dan Friedkin and that their new stadium only needs mayoral approval.
Both Il Tempo and Leggo are expecting more developments in the coming days with regards to The Friedkin Group’s proposed takeover of Roma.
They claim Pallotta is currently negotiating the sale of his majority stake in the club, with La Repubblica adding it is valued by the American in the region of €510m.
The Friedkin Group has been interested in Roma for some time, and the aforementioned amount would include a capital increase of €130m and part of the Giallorossi’s €237m debts.
Pallotta has tried to resist offers to sell the club, but La Repubblica states he received “a decisive message from his partners” saying the time has come to step away.
Despite that, there are fresh reports Czech land developer Radovan Vitek has agreed to buy the Tor Di Valle plot where the Lupi were hoping to build their new home.
That means contractor Luca Parnasi will be removed from the Stadio della Roma project after he was arrested on corruption charges last year.
Once Vitek completes his purchase, it will then be down to Rome mayor Virginia Raggi to give her council’s approval so construction work can begin.