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Saudi investors want to buy AS Roma

Reports from the Italian capital suggest that Roma’s owners are in negotiations regarding the potential sale of the club to investors from Saudi Arabia.

La Repubblica provides details of a meeting that took place involving the head of the Giallorossi‘s legal department in the Saudi Arabian capital of Riyadh on Tuesday. While various topics were on the agenda, including the Riyadh Season sponsorship, the discussions delved into deeper matters.

Eric Williamson, the right-hand man of Roma’s owners, the Friedkins, and a board member of Roma, traveled from the United States to attend the meeting. This suggests that a larger-scale discussion or initiative may have been underway.

Two distinct groups have expressed interest in acquiring Roma from Dan Friedkin. One is the government-owned Public Investment Fund, which already owns Newcastle United. The other is a private investor named Turki Alalshikh. He serves as a royal adviser and president of the General Entertainment Authority.

At this juncture, the Friedkins aim to establish a partnership with one of the two Saudi groups. However, both PIF and Alalshikh are seeking to acquire 100% ownership of the club’s shares. They are preparing offers of approximately €900 million. This comes along with an additional €300 million tied to the construction of the new stadium.

Things are still in the early stages, but further updates are anticipated in the coming months.

Alex Lundy
Alex Lundy
A lifelong football fan, Alex loves to dabble in its history, especially FIFA World Cup. But his love for sports doesn't end at football since he loves watching NBA and Formula1 too. Reading novels and watching classic films takes the rest of his time.
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