Roma in talks with US businessman to buy club

MILAN: Serie A club Roma confirmed negotiations with US billionaire Dan Friedkin to buy the Italian club.

“The Friedkin Group are in negotiations related to a potential transaction involving NEEP Roma Holding Spa and their subsidiaries – including Roma,” the club said in a statement early on Monday.

It follows reports that the 54-year-old Texas-based businessman will imminently take over as majority shareholder from fellow American James Pallotta in a deal worth up to 780mil (RM3.6bil).

“AS Roma inform that no definitive agreements concerning a transfer ... have been formalised to date and that any potential transaction with the Friedkin Group remains subject to a successful completion of a legal due diligence upon the AS Roma Group,” the statement continued.