RomaPress – It’s the first step before the official announcement. Roma announced early this morning that they are engaged in negotiations with The Friedkin Group for the sale of the club. It’s merely a formality, though, done to fulfill their obligations to CONSOB — the body that regulates the Italian stock exchange.
An agreement is still in place between James Pallotta and Dan Friedkin for the sale of Roma for a figure near €550 million — but first the club must announce that they have engaged in negotiations in order to fulfill their CONSOB compliance requirements.
The club’s full announcement is as follows:
“Upon request from CONSOB, with reference to the reports that recently appeared in the press concerning a potential transaction involving A.S. Roma S.p.A. and The Friedkin Group, AS ROMA SPV LLC, the company which indirectly holds the controlling ownership of A.S. Roma S.p.A. through NEEP ROMA HOLDING S.p.A., hereby informs the Market that AS ROMA SPV LLC and The Friedkin Group are in negotiations related to a potential transaction involving NEEP ROMA HOLDING S.p.A. and its subsidiaries – including A.S. Roma S.p.A. (herein after the “ AS Roma Group”).”
“In this regard, AS ROMA SPV LLC informs that no definitive agreements concerning a transfer of NEEP ROMA HOLDING S.p.A. and its subsidiaries have been formalized to date and that any potential transaction with The Friedkin Group remains subject to a successful completion of a legal due diligence upon the AS Roma Group.
In the case of reaching any definitive agreements concerning a transfer of shares held in A.S. Roma S.p.A., AS ROMA SPV LLC will provide the Market with adequate information within the terms provided by the Law.”