€591 million AS Roma deal reflects strong buyer appetite despite coronavirus
PA Images | "This particular transaction reflects the strength of the market particularly well given that the bulk of discussions were in view pre-Covid," said head of sports investments at investment advisory firm Certus Capital Partners, Adam Sommerfeld.
US-based The Friedkin Group has signed a binding equity purchase agreement for 86.6 per cent of AS Roma's shares for a price of around €591 million.
It proves clubs can retain a vast proportion of their value through a crisis, according to an M&A advisor.
He expects a number of transactions to close before Covid-19 has passed, describing the market as heavily divided.
The Friedkin Group previously had a bid of €750 million accepted in a deal that collapsed due to the coronavirus pandemic.
6 August 2020 - 12:35 PM
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