AS Roma sale collapses

The owners of AS Roma are seeking new buyers for the club after a planned €750 sale collapsed because of the pandemic.  A deal with Texas-based billionaire Daniel Friedkin fell apart.   Steep falls in revenue for clubs have made it difficult for buyers to assess the value of teams.

Apparently Mr Friedkin made a revised offer of €575m in May which was not accepted.   This involved paying in instalments starting with €125m on signing.   He would also have covered €300m in debts by the end of the year.

The collapse of the deal has caused dismay at the club.  They are now working with Goldman Sachs in a search for new bids.

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