Liverpool stakeholder leads consortium's purchase of AS Roma



A preliminary deal has been worked out as Thomas Di Benedetto is poised to make Roma the only Serie A side with foreign ownership.

The sale of AS Roma to a United States consortium led by Thomas Di Benedetto is due to be signed before April 20 after the parties hammered out a preliminary deal, the Rome mayor said on Wednesday.

Discussions have been going on for months with takeover speculation surrounding the indebted Italian club for years and they are now poised to be the only Serie A side with foreign ownership, unlike the much courted English Premier League.

Di Benedetto has been a partner of New England Sports Ventures which owns English Premier League side Liverpool.

The Rome mayor Gianni Alemanno said in a statement that executives of creditor bank Unicredit, de facto controllers of Roma, would visit the US to seal the deal next month.

Late on Tuesday, Roma owner Italpetroli said it had worked out the basic terms to sell control of the soccer club to Di Benedetto AS Roma LLC.

"The acquisition should be made by a vehicle 60 percent owned by Di Benedetto and 40 percent by UniCredit. UniCredit has the option to sell a part to other Italian investors," a joint statement said.

One of the reasons for coach Claudio Ranieri's resignation last month was the uncertainty caused by the prospect of new owners and the lack of money he had to spend in the January transfer window.

Unicredit had taken over the de facto running of the club in order to steer the sale process and recoup losses.

Roma, now managed by former player Vincenzo Montella, lost to Shakhtar Donetsk in the Champions league last 16 earlier this month and are sixth in Serie A having been runners-up last term.

Foreign investors had previously snubbed Serie A and instead were drawn to the more lucrative English Premier League where top stadiums are often full and merchandise sales significantly boost profits, unlike in Italy.

Liverpool, Manchester United, Aston Villa and Sunderland are all owned by Americans.

EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
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Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

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Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
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