Soccer: Sheikh al Qaddumi probed over failed Roma investment
Deadline for deal to become effective passed Thursday15 March, 14:08
Last month the three-time Italian champions issued a statement saying they had reached a preliminary deal with the sheikh, who is reportedly from Jordon although mystery surrounds his origins, to enter the club's ownership group.
But on Thursday Roma said a deadline had passed without al Qaddumi coming up with the funds needed to invest in the club.
Media reports had said al Qaddumi was poised to invest 100 million euros.
This contributed to the club's share price soaring before it came back down when it became clear the deal was running into trouble.
The sheikh is being probed for market rigging.