Reports: Roma takeover is off

There are multiple reports James Pallotta has turned down the latest Friedkin Group takeover bid, so the current President looks set to keep Roma.

According to Sky Sport Italia, Il Messaggero and others in Italy, Friedkin tried to negotiate down the original €710m offer, as all of football was affected by the COVID-19 pandemic and consequent shutdown.

Champions League qualification is also key to boosting the club’s value, as last week they posted huge losses.

This reportedly prompted the Friedkin Group to negotiate their proposal down to €475m, a good €235m off the previous figure.

It’s claimed that Pallotta turned this down and is prepared to continue running Roma, balancing the books with his own investment as well as player sales.

After nine years of his ownership, Pallotta could now change the focus at Roma to more sustainable costs and greater use of the youth academy to bring talents through.

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