Rome on the Verge of Bankruptcy, Club Owners Refuse to purchase a Rp 9.1 Trillion share

DBasia.news – AS Roma’s board of directors was surprised by the decision of the club’s owner, James Pallotta, who chose to reject an attractive offer from Friedkin Group.

The Financial Times reports, a few of AS Roma directors were disappointed with James Pallotta’s rejection of the takeover proposal from Friedkin Group worth 575 million euros, or around Rp 9.1 trillion.

The negotiations were actually at an increasing stage, which made AS Roma release a statement confirming that there are exclusive conversations with potential new investors.

However, so far the agreement has never been completed due to James Pallotta’s gesture. The 62-year-old businessman from the United States hopes to get a higher offer to sell AS Roma.

Sources close to Friedkin Group said they were willing to pay 125 million euros at the signing. Subsequent payments of 52 million euros were paid during the six months after the signing.

AS Roma’s players celebrated Edin Dzeko’s goal against Lazio in the 2019-2020 Italian League. (Doc. Twitter / ASRomaEn)

Then 85 million euros were paid by Friedkin Group at the end of this year. Finally, covering minority interests in the Italian capital club, Friedkin Group will increase payments by 13 million euros.

Pallotta reportedly prefered Friedkin Group to pay at once, not to repay it. While a source at the club nicknamed the Giallorossi was stepping at Pallotta’s risk of rejecting an offer of 575 million euros.

Moreover, in an uncertain economic climate due to the Covid-19 pandemic, AS Roma is believed to be having trouble getting a better purchase offer than that proposed by Friedkin Group.