The Financial Times newspaper claims the Friedkin Group’s Roma takeover bid has collapsed and ‘several people within the club were dismayed with James Pallotta’ rejecting €575m.
The negotiations were at such an advanced stage that the club had released a statement confirming exclusive talks, but the deal was never finalised.
It was partly due to the coronavirus pandemic that the talks slowed down, then Friedkin revised his original €750m proposal to €575m, which was reportedly rejected by Pallotta on May 28.
The Financial Times newspaper claims the Friedkin Group’s Roma takeover bid has collapsed and ‘several people within the club were dismayed with James Pallotta’ rejecting €575m.
The negotiations were at such an advanced stage that the club had released a statement confirming exclusive talks, but the deal was never finalised.
It was partly due to the coronavirus pandemic that the talks slowed down, then Friedkin revised his original €750m proposal to €575m, which was reportedly rejected by Pallotta on May 28.
Sources close to Friedkin told the Financial Times that he was ready to pay €125m at the signing, with a further €52m over six months and €85m by the end of the year, covering minority interests in the club with an extra €13m.
They even quoted an advisor close to AS Roma who said figures within the club were “dismayed” at Pallotta’s decision.
“It was a risky move to reject €575m.”
Former Bordeaux owner Joseph DaGrosa has been linked with an investment in Roma.