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US billionaire, Dan Friedkin to buy AS Roma in a £532 million deal

US billionaire, Dan Friedkin to buy AS Roma in a £532 million deal

American billionaire, Dan Friedkin signed an agreement to buy Serie A club AS Roma, the club reported Thursday, August 6.

The Italian football club said it signed formal contracts with the Friedkin Group on Wednesday for a €591million (£532million) deal. The contract expires by the end of the month.

“I am delighted to announce that we have reached an agreement with the Friedkin Group on the sale of AS Roma,” James Pallotta, president of the club, said in a statement.

“Today, we have signed the contracts and will now work together in the coming days to complete the formal and legal process that will change hands for the club.

Over the past month, Dan and Ryan Friedkin have shown their full commitment to finalizing this deal and moving the club forward in a positive direction. I am sure that they will be fantastic future AS Roma owners.

Dan Friedkin added: “All of us at the Friedkin Community are so glad to be part of this iconic city and club.

We look forward to closing the transaction and immersing ourselves in the AS Roma family as soon as possible.

Friedkin is the CEO of The Friedkin Group and its subsidiary, Gulf States Toyota Distributors, founded by Thomas Hoyt Friedkin, his father. The 54-year-old rated about $4.1 billion worth.

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