Dan Friedkin is set to complete the €591m takeover of AS Roma on Monday morning, ending the James Pallotta era after eight years.
Texan billionaire Friedkin will finalise the paperwork in a deal worth €591m, including the cost of covering the club’s debt.
Friedkin is expected to become the new President of the club, with his son Ryan on the board of directors and taking a more hands-on approach by moving to Italy.
Dan Friedkin is set to complete the €591m takeover of AS Roma on Monday morning, ending the James Pallotta era after eight years.
Texan billionaire Friedkin will finalise the paperwork in a deal worth €591m, including the cost of covering the club’s debt.
Friedkin is expected to become the new President of the club, with his son Ryan on the board of directors and taking a more hands-on approach by moving to Italy.
Pallotta was part of the American group that took over Roma in April 2011, then became President in August 2012 and in 2014 took full control of the Serie A side.
The preliminary contract for the sale of the club to The Friedkin Group was signed on August 6 and the final paperwork completed in London.
Giallorossi fans are hopeful the takeover will mean an end to their big stars being sold off to cover debts, while the Stadio della Roma project continues to fight its way through red tape.
Friedkin had originally been on the verge of a more lucrative deal for Roma several months ago, but the pandemic and consequent lockdown had an effect on all large financial transactions.
“I’m ready to give advice, so Friedkin can learn from my mistakes and not repeat them,” Pallotta told the Corriere dello Sport.
“I have always wanted what is best for the club. I want Roma to be successful in future, no matter who the owner is.”