RomaPress – Mission accomplished.
After twenty-two years, Roma will be leaving the Borsa Italiana stock exchange after the club’s “Assist Roma” campaign reached its objective.
Officially launched on June 13th, Giallorossi president Dan Friedkin saw his ownership stake increase from 87% to 95.97% over the previous month—nearly a full point above the required 95% minimum.
As a result, Friedkin now possesses the option to acquire the remaining shares from minority shareholders via a “squeeze-out procedure”.
Following a public offering (OPA) period, this policy allows the majority shareholder (once they’ve reached the 95% threshold) to purchase any residual shares.
The Friedkin Group will officially begin the process to remove or “delist” Roma from the stock exchange, which could take between 60 to 90 days.
As for what this means for the club and motivations behind the delisting, there’s both short and long term benefits.
Right away the club will save on the various legal, compliance, and administrative costs required by the Borsa Italiana and its regulating body CONSOB.
In the future, however, leaving the stock exchange could help facilitate the Giallorossi in making expensive or long-term investments both on and off the pitch.