Roma released their six-month financial statement, including confirmation the takeover talks with the Friedkin Group have been ‘slowed’ by the COVID-19 crisis.
With the pandemic halting all sport, forcing social distancing measures and creating financial uncertainty all over the world, it seems inevitable that the negotiations for such a huge deal would be affected.
Roma released their six-month financial statement, including confirmation the takeover talks with the Friedkin Group have been ‘slowed’ by the COVID-19 crisis.
With the pandemic halting all sport, forcing social distancing measures and creating financial uncertainty all over the world, it seems inevitable that the negotiations for such a huge deal would be affected.
The lengthy financial statement dated April 27 2020 included a note that, as confirmed to the markets in November and December 2019, they are still in talks with a potential investor, known to be Dan Friedkin.
“In case the talks, which are currently slowed by the effects of the COVID-19 crisis, should come to fruition, the financial requirements of the club would be covered, after the Operation has been completed, by the resources of the investor.”
Meanwhile, the coronavirus pandemic has hit all Serie A clubs hard and created even further uncertainty, including whether the 2019-20 season will conclude at all.
The statement included the news Roma players and staff have agreed to cut four months of their salary and in so doing also cover the extra wages of furloughed staff.
It did state that if needs be, majority shareholder James Pallotta would be ready to provide “ulterior financial resources.”