US Billionaire, Dan Friedkin to buy AS Roma in a £532m deal

US Billionaire, Dan Friedkin to buy Italian Football Club AS Roma in £532m deal. Roma finished fifth in Serie A table ahead of Milan and Napoli.

US Billionaire, Dan Friedkin to buy AS Roma in £532m deal
US Billionaire, Dan Friedkin to buy AS Roma in £532m deal

Italian giants AS Roma are in the middle of a takeover right now and Dan Friedkin is set to complete the formalities and take charge soon.

He is just waiting for a clearance from President James Pallotta and the deal should be finalized soon. 

The Friedkin group are expected to pay around €500-600m for the Italian club. They have been in talks with Pallotta for months now and the deal was on the verge of collapse during the Covid-19 pandemic. 

However, talks resumed between the two parties recently and now the deal is more or less complete. 

It will be interesting to see how Friedkin builds Roma back into an elite Italian club now. The fans will be expecting a show of ambition in the transfer market.

However, the post-pandemic market might be a tad difficult to operate in and Roma might have to wait for the next summer to bring in top class players. 

Clubs have lost out on millions in revenue due to the current health crisis and spending heavily in the transfer market might not be an option for most clubs this summer.

Meanwhile, Roma will be hoping to close the gap with Juventus on the pitch next season. It will be interesting to see if the new owners brings in a new manager to execute his vision. 

Roma have a talented squad and they could really challenge for the top end of the table with a couple of intelligent additions this summer.