Italian entrepreneur convicted of fraud and money laundering offers to buy Roma

Andy Mattioli

Italian entrepreneur Raffaello Follieri has submitted a bid to purchase Roma.

As anticipated by himself on his social media accounts a few weeks ago, Follieri formulated a formal offer of €850 million in order to buy the majority of shares of AS Roma from the Friedkin Group, reports Corriere dello Sport.

His offer does not include the stadium project which Roma are planning to set up in the Pietralata area of the Italian capital.

Over recent months, Follieri expressed his interest in Roma, meeting with Ryan Friedkins on two occasions.

Two days ago the final documents were signed and Follieri’s offer was formally sent to Roma earlier today for the current owners to review and respond to.

Follieri was infamously convicted in 2008 to four and a half years in prison by the United Districts Attorney of the Southern District of New York for fraud and money laundering.

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