Dan Friedkin lands in Rome for takeover

Dan Friedkin, founder of the Friedkin Group, has arrived in Rome in order to finalise the takeover of Roma from Jim Pallotta.

Negotiations have been on-going between the American group and the Roma President for several months.

It was reported last week that due diligence had been completed, with no major issues arising.

Now Calciomercato.com report that Dan Friedkin has arrived in Rome, along with several board members, in order to get the deal over the line.

The website states that the deal, rumoured to be in the region of €750-780m, should be completed within the next 10 days.

This figure includes the €272m debt that Roma currently has, as well as a capital increase of €130m.

It’s believed that Pallotta will stand to gain over €100m profit from selling the Giallorossi, and will retain a minority share in the club.

The Friedkin Group are worth $4.1bn, according to Forbes.

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