AS Roma shares gain with possibility of new investor
Preliminary deal reached Thursday
22 February, 18:15
(updates previous) (ANSA) - Milan, February 22 - Share
prices for AS Roma soccer club shot up 9.7% on the Milan stock
market Friday with the club looking to bring in a new financial
partner.Sources said that the Serie A club are aiming to get a wealthy Arab investor to take up a big stake in the three-time Italian champions by the end of next month. On Thursday the club issued a statement saying it had reached a preliminary deal for Sheik Adnan Adel Aref al Qaddumi al Shtewi, who is said to be a member of the Saudi royal family, to enter its ownership group. Roma chairman James Pallotta is studying ways for the sheik to take up a stake via two capital increases of 50 million euros each, according to media reports. Pallotta is part of a Boston consortium that made Roma Serie A's first foreign-controlled club in 2011. The American owners have big plans and want to build a new stadium for Roma. photo: Roma chairman James Pallotta
Brochure: 
