News

Roma-Friedkin motivated to find agreement in August

John Solano
I

RomaPress – James Pallotta and Dan Friedkin are set to enter month ten of negotiations for the sale of AS Roma.

The sides came to an agreement in March but the COVID-19 outbreak prevented the deal from being finalised. Since that time, though, the pair have been unable to find to a new agreement as Pallotta deemed Friedkin’s offers insufficient.

However, time is running out and both parties are keen to find an agreement within the next 30 days.

Pallotta and his investment group, Starwood Capital, do not want to continue pouring money into the club and are eager for a sale to go through as soon as possible, with the 31st of December being their deadline.

Pallotta’s group has ensured they will continue to fund the club until at least the new year, but they are extremely eager to get a deal finalised well before that time — €40 million must still be paid by the club’s majority shareholder before 31st December due to the previously board-approved €150 million capital increase.

Ryan Friedkin, the son of Dan Friedkin, continues to push his father to find an agreement with the Bostonian: the 31 year-old would be handed an important role at Roma should The Friedkin Group ultimately acquire the capital club.

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