August 18 – Texas-based Italian-American billionaire Dan Friedkin (pictured), the new owner of Roma, has promised to turn the club into “one of the greatest names in world football” after completing his €591 million purchase of an 86.6% majority stake.
Friedkin takes over after nine years of ownership by fellow American James Pallotta under whom Roma struggled to rekindle the glory days of the past, with the club winning the last of its three Serie A titles back in 2001.
“Our commitment to Roma is total,” said Friedkin. “We will be very present in Rome, a city that holds a special place in our hearts, as we embark on this exciting journey.
“Our vision for the club and the team is to favour a sustainable and long-term investment approach rather than quick fixes.”
Houston-based Friedkin is the chief executive of a consortium mainly involved in the automotive and hotel and entertainment industry. The club’s new executive committee includes his son Ryan, with Guido Fienga remaining as CEO.
Boston-based Pallotta had been unpopular with Roma fans for his rare appearances at home games and his handling of player transfers. Roma finished fifth in 2019-20 – 13 points adrift of champions Juventus.
“We recognise that we have been entrusted with a team. which represents a vital part of the soul of Rome, and this is a responsibility that we will always take very seriously and humbly,” said the new owner.
“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.
“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.”
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