There is a report in Adnkronos that Roma co-owner James Pallotta will try to buy Newcastle United.
The American businessman is currently trying to sell his stake in Roma to the Friedkin Group for a reported £700m. There is a report in Inside World Football from last month that details the amount of the sale to be €780m.
This report in Forbes says that Pallotta is the majority owner with two-thirds of the club’s shares.
So if the sale goes through, he could easily be getting enough to put in a bid that meets Mike Ashley’s asking price of £350m.
The report in Adnkronos says that Pallotta will then turn his attention to Newcastle. There is very little else in the story other than that, so make of it what you will.
James Pallotta– will he succeed where many before have failed?
The difference between Pallotta and GACP’s Joseph DaGrosa, who recently sold his stake in Bordeaux, is that the value of Roma far exceeds that of Bordeaux. In theory, Pallotta would be able to purchase Newcastle outright if we are reading everything correctly.
However, Pallotta was not a fan favorite amongst the Roma supporters and even some players.
After a very disappointing finish last season, there were reports in Italy of a locker room revolt at some decisions made by the ownership group.
The 61-year-old, who was born in Boston, is also a co-owner of the NBA’s Boston Celtics, which is a very well run basketball franchise in the United States. We’ll see what comes of this latest takeover report.
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