![]() Roma shares on somewhere like eToro (not a plug - I have never used a trading app. That’s a price that, earlier today, I assume you could accept over your mobile phone, if you happen to trade in A.S. Photo credit should read GABRIEL BOUYS/AFP via Getty Images Friedkin’s Plan A was to offer Roma’s public shareholders the very same price-€0.1165 a share-that James Pallotta had accepted for handing over his piece of the club, all the way back in the summer. For that final piece of the takeover to come true, Dan Friedkin needed to reach at least a 95% majority shareholding in order to force the hand of the Borsa Italiana in de-listing the club’s shares. The Friedkins openly explored the idea of taking Roma off the stock market entirely, in a move that would leave the club’s owners free to make whatever moves they wanted without having to declare the nitty gritty details in public. That meant a 86.6% majority share for The Friedkin Group straight out of the gate, but the Friedkins wasted no time in letting the Italian Consob (the market watchdog) know there were bigger ambitions.īreaking Down the Numbers Behind the Roma Takeover Deal ![]() Roma shares that Pallotta’s group owned on the stock market. Roma, they paid a handsome sum directly to James Pallotta in order to relieve him of 83.3% private shares in the club, plus 3.3% of public A.S. When the Friedkins first became the majority shareholder of A.S. But for the notoriously reticent Friedkins, all is not lost, as there was always a Plan B written there way back in the summer. Roma still some way off the amount of control they’d need to take Roma private and wave goodbye to public press releases for good. With the deadline on accepting the Friedkin IPO having officially expired today, Roma’s club owners have only absorbed a further 1.674% of public shares into their grasp, now making the Friedkin Group the 88.2% majority shareholder of A.S. Which is why I find myself buried among the financial pages at the close of the Italian stock market today, waiting for Calcio e Finanza to report that The Friedkin Group’s initial public offer has almost entirely been rejected by Roma’s current shareholders. Don’t we all love finance? If our recent confessional on the last episode of Across the Romaverse didn’t make it clear enough, we do our best to pretend like we understand the ins-and-outs of what it takes to run a multi-billion euro operation in today’s footballing world.
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