Roma announces acquisition of majority stake

The contracts were signed on Monday afternoon in a legal office in the Italian capital, and Roma's official announcement was made after the closing of the Milan Stock Exchange, where the club is listed.

"The Friedkin Group has announced the acquisition, through Romulus and Remus Investments LLC, of approximately 86.6% of the club's share capital and will also make a public offer for the mandatory purchase of the remaining ordinary shares, representing approximately 13.4% of the share capital," reads the club's official statement.

Friedkin and Pallotta had already signed a binding agreement on August 6 for the acquisition of 86.6% of the club for a purchase price of €0.1165 per share.

Friedkin's group, a Californian magnate active in the automotive, film, and luxury hotel market, expressed interest in acquiring the club as early as 2019 and, after being stalled in negotiations due to the coronavirus pandemic, achieved their goal for a price nearly €200 million lower than the €780 million initially at stake in January.

"We are happy to join the AS Roma family and acquire an iconic club and turn it into one of the leading names in the football universe. That's what we want to do. Our commitment to Roma is total. We will be very present in Rome, a city that holds a special place in our hearts," said Friedkin in official statements published by the club.

"We know that we are being given a team that represents a vital part of the soul of Rome, and this is a responsibility that we will take very seriously and with great humility," he added.

Everything points to the Spanish player Pedro Rodríguez being the first signing of the new ownership, as he traveled to Italy on Monday to begin the necessary procedures to finalize the agreement.