Friedkin Group complete due diligence

The Friedkin Group’s takeover of Roma moved one step closer as it’s reported the American company has completed due diligence of the club’s accounts.

The Texan company has been in talks about taking over the club for the last several months, and have been in the process of completing due diligence on the club’s financial accounts.

Il Tempo reports that due diligence has now been completed, with no problems.

This now means that the path is clear for the group to take control of the Giallorossi.

The Roman daily states that draft contracts will now be drawn up and signed by Dan Friedkin and James Pallotta, Roma’s current owner.

Pallotta took control of Roma in 2012, but has been frustrated by the city of Rome’s bureaucracy in relation to building a new stadium.

The Stadio della Roma was announced in 2013, and nearly seven years on, construction still hasn’t happened, with the project mired in red tape.

It’s believed the Friedkin Group will buy Roma for an estimated €750-80m.

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