AS Roma, the "transfer is not formalized" but one step away. Negotiations with Friedkin, the title goes up
2019-12-30T18:01:29.016Z
It's not time for official announcements, not yet. But James Pallotta's transfer of Rome to Dan Friedkin is approaching. The parties are working to get to the closing in the shortest possible time. A few more weeks and, if all goes smoothly, between the end of January and the beginning of February the final white smoke could be reached. The general agreement on the evaluation of the company (with the annexed Tor di Valle stadium project) was reached on the basis of approximately 800 million, to which the 270 million of the club's debts and 150 of the capital increase will be deducted. Meanwhile, on the stock exchange, the shares of the Trigoria club rose by 3.5%. Over the past month, driven by rumors about the change of ownership, they have gained 22 percent. Also for this reason, at the request of Consob, As Roma Spv Llc - a company that holds indirect control of Rome - issued a press release confirming the ongoing negotiations explaining that "negotiations are underway with the Friedkin Group". "To date, no definitive agreement has yet been formalized for the sale", explains the note, stressing that "any transaction with the Friedkin Group is subject to the successful completion of the legal due diligence activities on the AS Roma Group". In short, after completing the financial due diligence on the twelve companies that gravitate around the yellow and red galaxy, the legal billionaire consultants are now underway. In the absence of surprises, the parties will conclude a definitive agreement with which they will close the deal on the basis of the figure already agreed upon (which could however slightly fluctuate more or less at the end of the course). Therefore, approximately 360 million should go to Pallotta and shareholders, in the hypothesis of the sale of the entire shareholding in their possession (Pallotta could however also remain with a minority share, even if there is already rumored of an exploratory mandate entrusted to Baldini to seek in England a new club, perhaps second division, to be purchased). The imminent change of ownership also affects the team that has returned to work in Trigoria in view of the resumption of the championship, on January 5 at the Olympic stadium with Turin. The first blow of Friedkin's new Rome could in fact be Smalling's redemption from Manchester United. 15 million plus 3 bonuses have been placed on the plate, while a five-year contract of 3.2 million per season is ready for the central.
Pellegrini, Dzeko, Veretout (Ansa)
Share
30 December 2019It's not time for official announcements, not yet. But James Pallotta's transfer of Rome to Dan Friedkin is approaching. The parties are working to get to the closing in the shortest possible time. A few more weeks and, if all goes smoothly, between the end of January and the beginning of February the final white smoke could be reached. The general agreement on the evaluation of the company (with the annexed Tor di Valle stadium project) was reached on the basis of approximately 800 million, to which the 270 million of the club's debts and 150 of the capital increase will be deducted. Meanwhile, on the stock exchange, the shares of the Trigoria club rose by 3.5%. Over the past month, driven by rumors about the change of ownership, they have gained 22 percent. Also for this reason, at the request of Consob, As Roma Spv Llc - a company that holds indirect control of Rome - issued a press release confirming the ongoing negotiations explaining that "negotiations are underway with the Friedkin Group". "To date, no definitive agreement has yet been formalized for the sale", explains the note, stressing that "any transaction with the Friedkin Group is subject to the successful completion of the legal due diligence activities on the AS Roma Group". In short, after completing the financial due diligence on the twelve companies that gravitate around the yellow and red galaxy, the legal billionaire consultants are now underway. In the absence of surprises, the parties will come to finalize a definitive agreement with which they will close the deal on the basis of the figure already agreed upon (which could however slightly fluctuate more or less at the end of the course). Therefore, approximately 360 million should go to Pallotta and shareholders, in the hypothesis of the sale of the entire shareholding in their possession (Pallotta could however also remain with a minority share, even if there is already rumored of an exploratory mandate entrusted to Baldini to seek in England a new club, perhaps second division, to be purchased). The imminent change of ownership also affects the team that has returned to work in Trigoria in view of the resumption of the championship, on January 5 at the Olympic stadium with Turin. The first blow of Friedkin's new Rome could in fact be Smalling's redemption from Manchester United. 15 million plus 3 bonuses have been placed on the plate, while a five-year contract of 3.2 million per season is ready for the central.
