€591 million AS Roma deal reflects strong buyer appetite despite coronavirus

6 August 2020

AS Roma
Photo: 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.

Emil Gjerding Nielson nielson@offthepitch.com

Italian capital club AS Roma have been sold to privately held US firm The Friedkin Group for around €591 million following months of back-and-forth rumours and the reported collapse of a previously agreed deal due to the coronavirus pandemic.

This transaction highlights that a club asset can retain a vast proportion of its value through the crisis

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