16 Apr '11, 1am

Football: US group inks deal to buy AS Roma: BOSTON, Massachusetts: A group of American investors led by Boston-...

Football: US group inks deal to buy AS Roma: BOSTON, Massachusetts: A group of American investors led by Boston-...

BOSTON, Massachusetts: A group of American investors led by Boston-based private equity tycoon Thomas DiBenedetto have signed a highly anticipated deal to buy Italian football club Roma. "The deal is done," DiBenedetto said at a press conference after completing the formalities along with Paolo Fiorentino, vice president of Unicredit bank. Unicredit last year became co-owner of the cash-strapped club and will have a share of the new ownership company. The deal, which must be approved by financial regulators, makes three-time champions Roma the first Serie A club with a foreign majority owner. DiBenedetto told the Gazzetta dello Sport newspaper earlier this month that his aim was to make Roma "one of the top teams in the world". Roma are currently sixth in the Serie A, 15 points behind leaders AC Milan. DiBenedetto told the newspaper he wanted to put the club on financially...

Full article: http://www.channelnewsasia.com/stories/afp_sports/view/11...

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