Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Roma Receives Formal Investor Interest
Reuters, April 18th, 2008 3:45PM

MOST READ

MOST COMMENTED

As expected, Italian giant AS Roma received a letter from a third party interested in a potential takeover, the club's majority shareholder revealed on Thursday. While no mention was made of the investor's name, it is widely believed that American billionaire George Soros is the man behind the bid, preparing to make a massive investment to buy out the Sensi family, which runs the Serie A club. Italpetroli, the Sensi family's company, owns a 63.4 percent stake in the club, but is riddled by a massive debt of more than $550 million. According to a statement on the club's Web site, "No sale proceedings have begun."

Should Soros become the new owner, Roma would be the first Italian club to be owned and operated by a foreign investor. This is in contrast to England's Premier League, where foreigners own three of the league's highest earning and most successful clubs. Roma currently lacks the global reach of its English cousins, but wealthy foreign investors surely see this as an opportunity to expand the brand.

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Scolari Gets a Job    
Luiz Felipe Scolari, who resigned as Brazil coach after its disastrous 2014 World Cup campaign, has ...
World Cup Runner-up Coach Steps Down    
Alejandro Sabella, who guided Argentina to the World Cup final in Brazil, has decided to quit ...
Ronaldinho on the Move    
Former World Player of the Year Ronaldinho has left Atletico Mineiro. The 34-year-old former Barcelona, AC ...
Beer Approved in the Big House    
Normally, alcohol sale and consumption is strictly forbidden inside the University of Michigan's stadium, but beer ...
Sturridge Wishes Suarez Well    
Daniel Sturridge says he'll need some help from his teammates if the departure of the Uruguayan ...
Liverpool Signs Belgian Teen Star Striker    
Liverpool has signed of 19-year-old Belgium striker Divock Origi, whose goal against Russia sent the Red ...
Tevez's Kidnapped Father Released    
Juan Alberto Cabral, the father of Juventus' Argentine striker Carlos Tevez, was kidnapped and released eight ...
Atletico Madrid Signs Young French Star    
Spanish La Liga champion Atletico Madrid has acquired 23-year-old French World Cup winger Antoine Griezmann from ...
Cuauhtemoc Blanco Makes Comeback at 41    
Former Mexico striker Cuauhtemoc Blanco has returned to the top flight of Mexican soccer at the ...
Jack Wilshere Regrets Having a Smoke    
What happens in Vegas doesn't always stay in Vegas. Arsenal midfielder Jack Wilshere was caught on ...
>> Section 2 Around the Net Archives