AS Roma: The Friedkin Group (USA) officially formalizes 86.6% takeover for €591m

"AS Roma (Serie A TIM) today begins a new era under new ownership. The Friedkin Group have announced the acquisition, by Romulus and Remus Investments LLC, of the 86.6% majority stake in the club and will launch a mandatory tender offer upon the publicly held ordinary shares, representing approximately 13.4% of the club’s share capital," the Roman club said on 17/08/2020.

The Friedkin Group, Inc. is an American holding company based in Houston (Texas, USA) with companies in the sectors including automotive, luxury tourism and entertainment. Among these companies is, in particular, Gulf States Toyota (GST), which sells Toyota vehicles, including $9bn (€7.9bn on 31/12/2018) in sales in 2018. The personal fortune of Dan Friedkin, CEO of the group, is estimated at $4.1bn (€3.4bn) according to Forbes magazine as of 07/08/2020.

The transaction between the entities Romulus and Remus Investments LLC and AS Roma SPV (the company of James Pallotta, previous majority owner of the club) for the purchase of 86.6% of the shares of AS Rome is valued at €591m. As soon as the takeover was…