Friedkin group reveal ambitious plan for Serie A’s Roma
Roma have been acquired by The Friedkin Group and the new owner wants to make the Serie A club one of the “greatest names in world football”.
<The Friedkin Group completed its takeover from president James Pallotta on Monday, acquiring an 86.6 per cent majority stake in the Italian team.
The Houston-based ownership group will launch a mandatory tender offer upon the publicly held ordinary shares, representing approximately 13.4 per cent of Roma’s share capital.
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Three-time Serie A champions Roma, who last won the Scudetto in 2001, finished fifth in 2019-20 – 13 points adrift of champions Juventus.
Roma also reached the Coppa Italia quarter-finals and Europa League last 16 during Paulo Fonseca’s first season as head coach.
“We are delighted to join the AS Roma family,” said Dan Friedkin, CEO and chairman of The Friedkin Group. “As one fan wrote recently, ‘Take our iconic club and make it one of the greatest names in world football’. We intend to do just that.
“Our commitment to Roma is total. We will be very present in Rome, a city that holds a special place in our hearts, as we embark on this exciting journey. We recognise we are entrusted with a team that is a vital part of the soul of Rome, and this is a responsibility that we find humbling and will always take very seriously.
“As business owners, we look to identify and back strong management teams and leadership. Guido Fienga has proven to be a great CEO of Roma, and together we have developed an ambitious and disciplined business plan.
