Roma have communicated that a US investment firm has reached agreement to become a shareholder and hold representation on the board.
The Giallorossi have been seen as on the lookout for investment to help fund club plans to develop a new stadium, and this agreement which will see Starwood Capital Group have a representative appointed to the holding company NEEP Roma Holdings, is seen as with that in mind.
Roma have communicated that a US investment firm has reached agreement to become a shareholder and hold representation on the board.
The Giallorossi have been seen as on the lookout for investment to help fund club plans to develop a new stadium, and this agreement which will see Starwood Capital Group have a representative appointed to the holding company NEEP Roma Holdings, is seen as with that in mind.
“Following information already disclosed to the market on 26 March 2014, AS Roma SPV, LLC, the majority shareholder of NEEP Roma Holdings S.p.A. (the controlling shareholder of AS Roma S.p.A.), and Starwood Capital Group a private U.S. based leading global investment firm, informs that an agreement has been formalized among the parties pursuant to which Starwood Capital Group, through a controlled affiliate, ASR SOF-IX Investment L.L.C., became an equity investor of AS Roma SPV,” read Roma’s statement on the matter released last night.
“In connection with this transaction, AS Roma SPV’s Investor Committee – which is responsible for the management and operations of AS Roma SPV – will increase from four (4) members to five (5) members, and the existing members of the Committee, James J. Pallotta, RichardD’Amore, Thomas DiBenedetto and Michael Ruane, will be joined on the Committee by a representative of ASR SOF-IX Investment, L.L.C.
“All decisions of the AS Roma SPV Investor Committee will continue to require the vote of a majority of its members, and Mr. Pallotta will continue to remain in control of the day-to-day operations of AS Roma S.p.A.”