RomaPress – Dan Friedkin will close the deal for the acquisition of AS Roma next week on the 17th of August.
As he prepares to officially takeover the Giallorossi, the Houston-based CEO of The Friedkin Group is slowly beginning to build “his” Roma. The president of The Friedkin Group and Friedkin’s right-hand man, Marc Watts, will be handed a seat on the club’s Board of Directors and will be highly influential in the club’s day to day activities.
Other important Friedkin figures such as Eric Williamson and Brad Beinart have also been rumored to end up with a place on the club’s board, but at the moment, there are no indications this will happen. Meanwhile, Mia Hamm will retain her place in the Board of Directors while Cam Neely will depart.
As for the management, Friedkin was very impressed with some of Roma’s current management team when they met face-to-face for the first time in February.
Guido Fienga and Gianluca Petrachi were the two who stood out most to Friedkin. The former’s future remains very unclear due to the fact Friedkin would prefer to bring their own CEO, while the latter is also a question mark due to the fact he was already sacked by the club nearly two months ago.
Mauro Baldissoni, though, is unlikely to have a place within the new Roma but could act as an adviser or intermediary until construction begins on the Stadio della Roma. Last month, Franco Baldini also offered his services to Friedkin, who politely declined — the London based adviser of James Pallotta will also depart.
Meanwhile, Roma published the official purchase agreement today between The Friedkin Group and the club’s shareholders.
It read, in part, “On 5 August 2020, AS Roma SPV LLC, a company incorporated under the laws of Delaware (U.S.A.), with a registered office of
Legal at Cogency Global Inc. (U.S.A.), 850 New Burton Road # 201, Dover, Delaware 19904 and operational headquarters at AS ROMA SPV GP LLC, 280 Congress Street, Boston, MA 02110 (U.S.A.) (the “Seller”) and The Friedkin
Group Inc., incorporated under the laws of Texas, with its registered office at 1375 Enclave Parkway, Houston, Texas, 77077 (USA) (“TFG”), have signed a preliminary sales contract (the “Contract”) for the transfer to TFG, directly or through a company designated by the latter (“Buyer”), inter alia, of the entire stake held, directly and indirectly, by the Seller in AS Roma S.p.A .; company, the latter, with a registered office in Rome, Piazzale Dino Viola, 1, tax code, VAT number and registration number in the Rome Business Register no. 01180281006 (“AS Roma” or the “Issuer”), equal to no. 544,468,535 AS Roma shares, representing approximately 86.6% of the Issuer’s share capital and voting rights (the “Stake”)”.
”On the date of execution of the sale, as a result of the aforementioned acquisition, the Buyer will promote a mandatory full public purchase offer pursuant to art. 106, paragraph 1, of the TUF on the remaining share capital of AS Roma, in compliance with the current legal and regulatory provisions”.