Football Italia are reporting on a piece in Tuttomercatoweb that finally the Friedkin Group are getting close to a takeover of Italian club Roma.
The price agreed is now €600M (£540M), and the current Roma owner James Pallotta, could then invest some of that money in buying Newcastle United, with the emphasis on could.
This is not the first time Pallotta has been linked with buying Newcastle.
Football Italia reported back in January that Pallotta was interested in buying Newcastle once the sale of Roma went through to the Friedkin Group.
But the deal was interrupted by the terrible coronavirus pandemic that hit everybody financially, but now the deal has been revived and is likely to go through very soon, according to Tuttomercatoweb.
The original proposal was that Roma would be sold for €800M (£720M), but that has been reduced by 25% to €600M.
So those rumors from early in the year are now resurfacing with the Saudi- financed takeover, led by Ms Amanda Staveley, having collapsed last Thursday.
But it would mean Pallotta (shown above) and his people would need to go through due diligence at Newcastle and that can take some time.
But Mike Ashley shouldn’t have any problems with Pallotta being able to prove he has the funds to buy Newcastle for around £300M (€333M)
But this is all conjecture, of course, and we have no idea what his vision would be if he did buy Newcastle United.
How much would he be willing to invest in the club now becomes important.
That comes after the Amanda Staveley led consortium had big ideas to transform Newcastle into one of the best football clubs in the world.
What would Pallotta’s vision be for Newcastle is a very good question.
What do you think?
Note – here’s a petition to sign to get an independent review of the EPL Takeover process – please sign it – thanks.
2 comments so far
Aug 3, 2020 at 10:28 AMComment #1
Good morning all,
Here we go again, more BS stories about takeovers. Give it a rest Ffs.
I will never believe a takeover story again after the last farce.
Aug 3, 2020 at 10:35 AMComment #2
It’s all true, the world isn’t flat and hollow