AS Roma nearing deal for acquisition by US billionaire led consortium

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AS Roma, the Italian football club, is nearing a deal to be acquired by a consortium led by US billionaire Daniel Friedkin, said people briefed about the matter, which would make it the latest top Serie A team to change hands in recent years.

The club, which is listed on the Milan stock exchange, is set to be acquired for about €750m, including debt, said one of those people, which would set a new record valuation for a Serie A team.

The Financial Times reports that AS Roma has been trying to sell the club for months and has held talks with several interested buyers. AS Roma is expected to make a statement on Monday confirming that its existing American investors, which include James Pallotta, the club’s president, are nearing a deal with Mr Friedkin and his partners.

The Friedkin Group declined to comment.

Via Bloomberg / Reuters / Financial Times 

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