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Rome rises 3.5% in the stock market in the interest of a billionaire for the club



AS Roma, the legendary Italian football club, has risen 3.5% this Monday in the parquet floor of Milan before its possible purchase by US billionaire Daniel Friedkin, according to 'Financial Times' citing sources familiar with the matter.

According to the aforementioned newspaper, it is planned that the club, which is listed on the Milan Stock Exchange, be acquired for about 750 million euros, including debt, which would establish a new valuation record for a Serie A football team. Those responsible for the club have been trying to sell it for months and have had conversations with several interested parties.

La Roma is expected to confirm the news this Monday. The final agreement could be closed within a week, adds FT.

Friedkin, whose family owns the Toyota Distributors car dealership franchise in the Gulf States and has other commercial interests, has established itself as the main buyer in recent weeks, according to sources with knowledge of the negotiations.

The expected agreement comes after US investors who own AS Roma have repeatedly expressed disappointment with the local authorities in Rome for not having improved or properly relocated the Stadio Olimpico, a stadium that they share with their local Lazio rivals.



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