Saudi Arabia eyes AS Roma: Billion-Euro Bid sparks Football club acquisition speculations
The AS Roma football club has caught the attention of Saudi Arabia, marking the Gulf nation’s interest in acquiring the historic Italian club. With the football landscape witnessing increased high-quality investments, the Saudi public investment fund is following a trend of acquiring European clubs, reminiscent of its notable acquisitions such as Manchester City and Newcastle.
Reports from La Repubblica suggest that Saudi Arabia is gearing up to make a substantial offer of 900 million euros to secure ownership of AS Roma.
In practical terms, the source details that Saudi Arabia is prepared to commit 900 million euros to purchase the club currently held by American billionaire Dan Friedkin, who also became the owner of AS Cannes last summer.
Friedkin values his football asset at approximately 1 billion euros, as per La Repubblica.
Ongoing negotiations between the parties indicate a representative from AS Roma is currently in Riyadh, exploring possibilities for the club’s acquisition.
