AS Roma 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.
“We are delighted to join the AS Roma family,” said Dan Friedkin, CEO and Chairman of The Friedkin Group. “As one fan wrote recently, ‘Take our iconic club and make it one of the greatest names in world football’.
"We intend to do just that.
“Our commitment to Roma is total. We will be very present in Rome, a city that holds a special place in our hearts, as we embark on this exciting journey. We recognise we are entrusted with a team that is a vital part of the soul of Rome, and this is a responsibility that we find humbling and will always take very seriously.
“As business owners, we look to identify and back strong management teams and leadership. Guido Fienga has proven to be a great CEO of Roma, and together we have developed an ambitious and disciplined business plan.
"We will give him the support, guidance and means to deliver on this plan and, to help maintain focus over these crucial weeks ahead, it will be primarily his voice that will speak for AS Roma.
“Our shared vision for the club and the team is to favour a sustained, long-term investment approach rather than quick fixes of questionable durability.
“I’d also like to take a moment to thank Jim Pallotta and his partners for all they have done for the club. He and his team have been very helpful in preparing for a smooth transition and we wish him nothing but the best in the future.
“Finally, no comments would be complete without acknowledging the incredible strength, passion and loyalty of the fans and the Curva Sud. We will stand shoulder to shoulder with you as we develop this club and challenge for trophies in the future. We can’t wait to get to work and for our new season to start.”
Guido Fienga, AS Roma CEO, said: “This is an important day for AS Roma. It is a privilege for me to begin to work closely with Dan and Ryan. Their passion and commitment to the club is unquestioned as is their financial and commercial track record.
"I am deeply honoured to have been trusted to continue my work at Roma and begin to execute a business plan which, in the first year, will put in place the foundation stones to deliver strong, sustainable results on and off the pitch.”
Departing AS Roma President Jim Pallotta said: “I would like to wish Dan, Ryan and everyone at AS Roma - the players, the staff and the fans - only good luck for the future.
“Like every Roma fan in the world, I truly hope The Friedkin Group can build on what we have done over the last eight years, transforming Roma into a truly international club, and take AS Roma to the next level. This is an incredibly special football club and I leave with many unforgettable memories.”
Meanwhile, AS Roma can confirm that is has received the resignation of Jim Pallotta, Charlotte Beers, Richard D'Amore, Gregory Martin, Paul Edgerly, Cameron Neely and Barry Sternlicht from the Board of Directors.
It has appointed, by way of co-optation, the following new directors as of today: Dan Friedkin (Chairman), Ryan Friedkin, Marc Watts, Eric Williamson and Ana Dunkel.
A new Executive Committee has been formed, composed of Dan Friedkin (Chairman), Ryan Friedkin, Guido Fienga (CEO), Marc Watts and Eric Williamson.
A shareholders’ meeting will be called at the earliest opportunity to renew the Board of Directors. The Statutory Auditors of Team will remain in place until its natural expiration.