Just one day after unveiling their new “Assist Roma” initiative, Roma president Dan Friedkin’s stake in the club rose from 87% to 87.75%.
Yesterday the American auto and cinema tycoon launched a bid to acquire the final 13% of the club in order to increase his stake to 100%. Friedkin’s main objective is to delist and remove Roma from the Italian stock exchange (Borsa Italiana).
At the close of trading today, it was announced that Roma’s parent company, Romulus & Remus Investments LLC, acquired an additional 6,000,000 shares at a cost of €0.43 per share.
The additional shares increased Friedkin’s ownership stake nearly a full percentage point, less than 24 hours after Roma launched the venture.