Serie A news

Roma takeover agreement in place

March 30, 2011
By ESPNsoccernet staff

New England Sports Ventures partner Thomas DiBenedetto has reached a "basic agreement" for his proposed takeover of Roma.

Thomas DiBenedetto
AssociatedThomas DiBenedetto (L) is set to complete his takeover of Roma

DiBenedetto close to Roma deal

DiBenedetto, who has said he wants to make Roma "one of the top clubs in the world", has been in Rome conducting talks this week and now appears set to complete the purchase of the club from the Sensi family company Italpetroli and UniCredit Bank.

A statement read: "Italpetroli S.p.a., UniCredit S.p.a. and DiBenedetto AS Roma LLC announce that negotiations in Rome over the past few days have reached a basic agreement to buy up control of AS Roma S.p.a.

"Based on this agreement, the buy-out should be completed by a company made up of 60% DiBenedetto AS Roma LLC and 40% UniCredit S.p.a. There is also an option for UniCredit to sell their shares to other strategic Italian investors.

"Over the next few days we will proceed to write out the definitive versions of the agreements reached today, which also include commitments for the reinforcement and future development of AS Roma.

"The signature of this agreement is expected within the next 20 days, allowing DiBenedetto AS Roma LLC to present financial guarantees.

"Until said guarantees and the signatures are finalised, we will not be revealing any further details on the contents of the agreement."