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Report – American Businessman To Sell Roma For £700m And Has Newcastle In His Sights


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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39 comments so far

  • toon22

    Jan 17, 2020 at 6:13 PM

    Comment #1

    Would be great if Jabba had any intention of selling

    Maybe next year… lol

    27
  • jane

    Jan 17, 2020 at 6:22 PM

    Comment #2

    “James Pallotta does not seem inclined to want to leave the world of football once the transfer of As Roma to Dan Friedkin has been completed . The current Giallorossi number one, as Adnkronos learns, has been passionate about soccer and is thinking, perhaps with the support of his consultant Franco Baldini, of an adventure in the Premier League, and in particular he asked for information for the purchase of Newcastle United .”

    2
  • TheJimBelow

    Jan 17, 2020 at 6:25 PM

    Comment #3

    Oh here we go again…..

    Must be a transfer window open.

    Sigh.

    17
  • toon kk

    Jan 17, 2020 at 6:26 PM

    Comment #4

    Why would MA want to sell NUFC?
    I know a lot of Gullible fans fell for his sale scam, most have seen through it now!
    Next.

    24
  • Jib

    Jan 17, 2020 at 6:30 PM

    Comment #5

    He’s pally with John Henry of Liverpool ( he sold him Mo Salah)
    Ownership of a PL club should be a walk in the park after Italy

    1
  • toon22

    Jan 17, 2020 at 6:31 PM

    Comment #6

    We haven’t had an Italian mugged off by Jabba so far

    At least it’s a new lie

    14
  • toon22

    Jan 17, 2020 at 6:33 PM

    Comment #7

    Which bit / bits do you think Jabba will pretend to sell ?
    Obviously not strawberry place lol

    Maybe the team and the rights to the club crest ?
    While he keeps the rest …

    12
  • Lindisfarne

    Jan 17, 2020 at 6:34 PM

    Comment #8

    Cockney Mafia Out!

    5
  • Jib

    Jan 17, 2020 at 6:36 PM

    Comment #9

    and he sold LPool the GK Allison Berger

    0
  • toon22

    Jan 17, 2020 at 6:36 PM

    Comment #10

    Maybe the team with a ten year lease on the trading ground ?
    While he keeps his adverts, assets and every other revenue stream

    5
  • welshgeordie9

    Jan 17, 2020 at 6:37 PM

    Comment #11

    In James Pallotta we trust.

    4
  • toon22

    Jan 17, 2020 at 6:37 PM

    Comment #12

    We arnt that stupid
    He’s treating our club like another tat shop

    With a constant sale sticker in the window

    14
  • Jib

    Jan 17, 2020 at 6:38 PM

    Comment #13

    If you look at the bits Roma is divided into , NUFC would be a doddle

    0
  • RobLeenio

    Jan 17, 2020 at 6:40 PM

    Comment #14

    Toon22 “At least it’s a new lie”

    I admire your positivity…

    😉

    9
  • G

    Jan 17, 2020 at 6:40 PM

    Comment #15

    MA will be putting in some careful consideration in the coming days for which Indian restraunt the Mirror group photo will occur at?

    13
  • RobLeenio

    Jan 17, 2020 at 6:42 PM

    Comment #16

    Lindisfarne is the latest one with an all too swoony reference to Reagan Thomson and his eyes, after my indiscretion the other day.

    I have a feeling that may have been aimed at me…

    😉

    1
  • toon22

    Jan 17, 2020 at 6:43 PM

    Comment #17

    Oh yeh
    There needs to be some kind of Curry or other media opportunities to get photos of the intense lies on offer

    6
  • Jib

    Jan 17, 2020 at 6:45 PM

    Comment #18
  • NY Mag

    Jan 17, 2020 at 6:47 PM

    Comment #19

    toon22,

    Pasta maybe more appropriate this time 😀

    3
  • RobLeenio

    Jan 17, 2020 at 6:48 PM

    Comment #20

    So there’s an Italian football club owner who may or may not complete the sale of his current club in the coming days, who may or may not want to reinvest in another club, which may or may not be in the premier League and he may or may not have mentioned NUFC in passing to someone in the Italian press.

    I think a healthy dose of scepticism is in order for the time being. Not to say it won’t go anywhere, but we’ve been down this road too many times before.

    That said, Franco Baldini as director of football has to be an upgrade on Lee Chutney.

    9
  • c-dog

    Jan 17, 2020 at 6:53 PM

    Comment #21

    Swapping authentic Italian pizza for a kebab and chips.

    Just made myself hungry

    0
  • Jib

    Jan 17, 2020 at 6:54 PM

    Comment #22

    He should have come when Rafa was here
    He loves seafood rissoto

    1
  • NY Mag

    Jan 17, 2020 at 6:58 PM

    Comment #23

    RobL,

    Stop being so sensible….where’s your sense of adventure?

    PS, when’s the next flight due in from FCO?

    2
  • Lindisfarne

    Jan 17, 2020 at 6:58 PM

    Comment #24
  • Lindisfarne

    Jan 17, 2020 at 6:59 PM

    Comment #25

    RobLeenio

    Jan 17, 2020 at 6:42 PM

    Comment #16

    If the cap fits 😉

    1
  • fairscup

    Jan 17, 2020 at 6:59 PM

    Comment #26

    The present snowflake generation are so lucky.
    Imagine growing up without getting the cane at school (for being 1 second late at our school).
    Not having the pleasure of heading a wet leather caser.
    but then……
    Not growing up in the swinging sixties (Fleetwood Mac and The Who at the Mayfair)
    Not watching the likes of Best and Law in the flesh at St. James’ Park.
    Not watching Newcastle United win a major European trophy.
    Happy days really.

    15
  • RobLeenio

    Jan 17, 2020 at 7:00 PM

    Comment #27

    Jib re that stat from the other 14, there’s an argument to be made that they’ve made so many blocks tackles and interceptions because we’ve had such poor possession stats this season so far.

    It stands to reason that if we don’t have the ball, we have to stop the opposition doing anything with it.

    2
  • Lindisfarne

    Jan 17, 2020 at 7:03 PM

    Comment #28
  • Lindisfarne

    Jan 17, 2020 at 7:04 PM

    Comment #29

    The stats show we are better than Liverpool at not losing the ball!!!

    0
  • JohnJ

    Jan 17, 2020 at 7:06 PM

    Comment #30

    I’ve been disappointed too many times so I’m not holding my breath on this one!

    I’ll believe once the ink is dry on the contract!

    0
  • Jib

    Jan 17, 2020 at 7:08 PM

    Comment #31

    There seemed to be more snow in winter when I was a kid
    The top of me wellies left a semi permanent red ring round
    the top of me calves

    2
  • fairscup

    Jan 17, 2020 at 7:12 PM

    Comment #32

    Global Warming – ask that snowflake Greta Thunberg.
    I helped clear the pitch of snow with me shovel once.

    3
  • lesh

    Jan 17, 2020 at 7:17 PM

    Comment #33

    Jiblets

    You don’t seem to get the bit about businesses such as NUFC having lots of ‘bits’ as you call them. Where a business has, ‘bits’ they are known, among other things,as divisions, business units or trading companies.

    It may not be the number of bits that may have been causing problems with potential buyers, but what Ashley wants to do with them. The oft mentioned obstacle to a sale has been his supposed insistence that he and/or SD/ Fraser Group to substantially benefit from the likes of intellectual property (badges for example), advertising and merchandising.

    He says he wants £350m for the club then surprises folk when he throws in his own wants.

    Let’s just that Palotta or whoever’s has something over Ashley that would persuade him to be errr, more flexible in his approach to selling the club.

    We can but wait but as ever, the timing of the news is another perfectly timed distraction from Brucie’s fast falling spinning plates.

    6
  • geordietom

    Jan 17, 2020 at 7:17 PM

    Comment #34

    i’ll believe it when it’s all done and dusted , it wont play out in the paper’s we will wake up one morning and he’s gone …

    0
  • geordietom

    Jan 17, 2020 at 7:18 PM

    Comment #35

    Jib …

    been there done that , memories eh ? …

    😀

    0
  • JohnJ

    Jan 17, 2020 at 7:20 PM

    Comment #36

    Good luck to Reagan Thompson – It’s good to see young lads develop their skills through our ranks.

    As a local guy it’s great to see Geordie lads come through and into our first team but I also include any lads that
    work hard and show us that they can rise through the ranks with their skills and make it into Newcastle United’s first team! 🙂

    3
  • lesh

    Jan 17, 2020 at 7:20 PM

    Comment #37

    Lindisfarne

    The way the club’s pi$$ing about with the Longstaffs’ contracts, young Reagon best make the most of them before they’re gone.

    2
  • geordietom

    Jan 17, 2020 at 7:20 PM

    Comment #38

    Fairscup #26 …

    more memories mate and them wet caser’s hurt like hell …

    2
  • Grumpy

    Jan 19, 2020 at 10:32 AM

    Comment #39

    throw enough crap at a wall and some of it will stick

    0


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