American billionaire Dan Friedkin has signed a deal to purchase Serie A side Roma, the Italian club confirmed on Tuesday.
Roma said formal contracts with the Friedkin Group were signed on Wednesday for a transaction valued at €591m (£533m). The deal is anticipated to close by the of the month.
“We have signed the contracts tonight and, over the coming days, will now work together to complete the formal and legal process that will result in the club changing hands,” Roma president James Pallotta said in a statement.
Over the last month, Dan and Ryan Friedkin have demonstrated their total commitment to finalising this deal and taking the club forward in a positive way. I am sure they will be great future owners for AS Roma.”