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AS Roma bid talks

Talks are in progress to sell AS Roma which is controlled by a group of American investors. It is believed that the talks are with Daniel Friedkin, an American billionaire whose family own the Gulf States Toyota Distributors franchise.

Shares in the club rose four per cent yesterday, and are up 20 per cent since details of the deal began to leak.

The US investors who own AS Roma have recently voiced frustration at the Rome local authorities over a perceived failure to help the club move or upgrade the Stadio Olimpico, the stadium that the club shares with local rivals Lazio.

In 2011 Thomas DiBenedetto, a US private equity magnate, led a group of US investors to buy a controlling stake in AS Roma, making them at the time the first foreign owners of a top Italian club. At the time Serie A had financially slipped behind other leading European leagues.

In 2017 Li Yonghong acquired AC Milan from Silvio Berlusconi. After he defaulted on high interest loans, US hedge fund Elliott Management gained control of the club in 2018.

In 2016 Suning Holdings, a Chinese retail conglomerate, paid €270m for a 70 per cent stake in AC Milan. In June US billionaire Rocco Commisso acquired ACF Fiorentina for an undisclosed sum.

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