€591 million AS Roma deal reflects strong buyer appetite despite coronavirus
6 August 2020
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.
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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