News

Pessimism emerging for Friedkin

John Solano
I

RomaPress – A deal that was essentially completed but stopped due to the global Coronavirus pandemic could now completely collapse.

This week there has been a significant slowdown in negotiations between James Pallotta and Dan Friedkin for the sale of AS Roma. There is pessimism emerging among those in the latter’s camp that a deal will not ultimately be reached despite nearly 9 months of negotiations.

The last time the parties spoke was last week in what was described as “minor contact” by both Roma and Friedkin — but no progress was made.

The sticking point, according to an executive of the Texas-based consortium, is twofold: overall valuation and the structure of the deal.

Given the collapse of the economies around the world, Friedkin is unwilling to acquire the club at previously agreed upon valuation of nearly €650 million.

Furthermore, there is also an issue with the structure of the deal, which is related to a minority shareholder fund.

It remains to be seen what will ultimately come of negotiations, but a legal executive of The Friedkin Group reiterated to RomaPress: “We’re really at a point where everyone must start making concessions. Deep reflections are going on at the moment”.

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MatchDay 37
19 May 20:45
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