US owners in talks with Saudis for sale of Roma

Italian media outlets have reported that the current American owners of Roma are in talks to sell the club to Saudi investors. Since acquiring Newcastle recruiting Cristiano Ronaldo to Al-Nassr, Saudi Arabia has been making a bigger splash in the soccer globe. Recently, four teams supported by the state investment fund PIF were quite active during the summer transfer window.

Tuesday, in Riyadh, Saudi Arabia, the director of the Giallorossi’s legal department met with other officials, according to La Repubblica. While the Riyadh Season sponsorship was one of several subjects covered, the discussion delves deeper.

The Friedkins, Roma‘s owners, sent their right-hand man and board member Eric Williamson from the US to be there. Consequently, there was talk of something more substantial, according to the report.

Two potential buyers

Two parties eye Roma: the Public Investment Fund, controlled by the government, and another entity. The funding entity currently owns Newcastle in the Premier League.

Alternatively, there is a private investor, Turki Alalshikh. He also serves as the head of the General Entertainment Authority and is a royal advisor.

The Friedkins are now attempting to form a partnership with one of the two Saudi entities while still maintaining ownership of the Giallorossi. They are asking for close to $1.08 billion to sell the club.

Nevertheless, PIF and Alalshikh want to buy all of the club’s shares. As a result, they intend to propose about $970 million, with an additional $323 million tied to the new stadium’s development.

It is contingent upon the approval of the final plan for the Serie A side’s new Pietralata stadium. Further developments are anticipated in the coming months, although the current state of affairs remains nascent.

Saudi links already established with Roma

In October, Roma set up their initial interactions with Saudi Arabia. They announced a uniform sponsorship agreement with the Riyadh…

Source link : https://worldsoccertalk.com/news/pif-face-battle-us-owners-in-talks-with-saudis-for-sale-of-roma-20240208-WST-488415.html

Author : Martina Alcheva

Publish date : 2024-02-08 21:57:05

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