US billionaire, Friedkin, completes €591m Roma takeover

“one of the greatest names in world football” after completing his 591 million euros purchase of the Italian club.

“Our vision for the club and the team is to favour a sustainable and long-term investment approach rather than quick fixes. The Friedkin Group have through Romulus and Remus Investments LLC, purchased the 86.6 per cent majority stake in Roma, and will launch a mandatory tender offer for the remaining 13.4 per cent of share capital, the club said in a statement.

Roma have had recurring financial difficulties and been sanctioned by European football’s governing body UEFA for breaches of financial fair play. The high-point of Pallotta’s reign was the club’s sensational Champions League 3-0 second leg comeback in 2018 to beat Barcelona, before losing to Liverpool in the semi-finals.

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