Roma have confirmed they are in negotiations with The Friedkin Group over a reported €780million takeover but the Serie A club denied an agreement has been finalised.
Reports in Italy on Sunday suggested Giallorossi president James Pallotta has agreed to sell his majority share to the Texas-based consortium, led by billionaire chairman Dan Friedkin.
But capital club Roma issued a statement insisting no definitive agreements have been formalised.
The Friedkin Group s acquisition of the team remains subject to a successful completion of legal due diligence upon the AS Roma Group, the statement said.
have issued the following statement regarding reports that recently appeared in the press concerning a potential transaction involving AS Roma S.p.A and The Friedkin Group
— AS Roma English (@ASRomaEN)
Boston-born Pallotta, who became president in 2012, is said to have spent several months searching for a buyer.
He apologised for a complete disaster of a season after Roma finished sixth in Serie A last term and has been frustrated in his attempts to move forward with plans for a new stadium.
On-field results have improved since Paulo Fonseca took charge as head coach in June, the former Shakhtar Donetsk boss having guided Roma to fourth at the mid-season break.
