RomaPress – Dan Friedkin met with his legal team this afternoon to strategise their next move in an attempt to acquire AS Roma.
The Houston-based consortium made an informal, word of mouth offer nearly two weeks ago worth just under €500 million (€495 million to be exact). Roma president James Pallotta, though, immediately rejected the offer.
After further reflection, though, Pallotta’s lawyers within the last hours have instructed Friedkin’s legal team to transform the bid into a formal one and to forward all of the documents to them.
Dan Friedkin remains intent on closing the operation with the Italian capital club after ten months of negotiations.
Pallotta has made mid-August his informal deadline to find an agreement but The Friedkin Group remains the only concrete option at the moment.
Friedkin is hoping to find a definitive agreement within the next two weeks — they would have the ability to close the total deal within 45-60 days.
The ball is now in James Pallotta’s court: he must decide if he is ready to close the deal and call an end to his time at Roma.