Friedkin signs documents, await Pallotta’s decision

John Solano

RomaPress – We have entered the hottest hours concerning the sale of AS Roma.

This morning, there was a three-hours long meeting between Dan Friedkin’s legal team and DLA Piper, the New York based legal representatives of current Roma president James Pallotta.

The Friedkin Group, who presented their formal offer of nearly €500 million (plus the remaining capital increase) a few days ago, signed all 79 pages of contractual documents that would be necessary for their offer to be accepted and for the acquisition to close.

Pallotta, though, did not respond to the offer while he waited for a formal offer from the Kuwait-based group that recently requested access to Roma’s financials.

However, the Kuwaiti consortium did not send a formal offer to the Bostonian today and it remains to be seen if they will do so.

The Italy-based law firms involved with the deal – Studio Tonucci and Studio Chiomenti – confirmed that Friedkin signed all of the necessary documents to finalise the operation, but they have yet to receive a definitive response from Pallotta.

The American is reflecting — he wants the highest offer possible and he seems less than thrilled on the prospect of accepting Friedkin’s offer, which would result in a loss near €100 million.

Tomorrow could be the day where we learn who the new ownership group of AS Roma will be.

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