Serie A news

Roma deny sale announcement due Monday

June 20, 2009

Italian soccer club AS Roma's owners denied on Saturday reports that they are due to announce the sale of their controlling stake in the Serie A club to a Swiss consortium on Monday.

Italian media said on Saturday that oil storage company Italpetroli and the family of president Rosella Sensi had agreed to sell around 67 percent of Roma's shares to the group for 201m euros.

"Italpetroli states that no agreement has been signed of any type regarding the stake in question, nor do the conditions or premises exist to believe that a transaction of any type can be concluded on Monday June 22," read a statement on the club website.

The statement added that checks were still taking place to verify whether the consortium represented by soccer agent Vinicio Fioranelli had the necessary funds to buy the club.

Roma fans have demanded fresh investment after the team finished sixth last season, missing out on qualification for the Champions League, and they are excited about the possible takeover.

The three-times Italian champions have long been the subject of interest from a number of potential suitors.

Billionaire financier George Soros walked away from talks last year.