ROME (AP) — The ownership of three-time Serie A champion Roma is being transferred from one American group to another.
The Italian club announced a nearly 600 million euro ($700 million) deal Thursday for the Texas-based Friedkin Group to take over control of the team.
“The transaction is anticipated to close by the end of August 2020, and is subject to customary closing conditions,” Roma said in a statement Thursday.
“I am pleased to confirm we have reached an agreement with the Friedkin Group for the sale of AS Roma,” said current Roma president Jim Pallotta, who leads a group of Boston executives who purchased the club in 2011.