Roma have announced that an investment company from the USA has become the latest shareholder to obtain board representation.
It has been common knowledge that the Giallorossi have been searching for new investment as they look to generate funds to pay for the new stadium planned by the club.
This agreement will see Starwood Capital Group have representation on the club’s board as they provide the club with some of the funding required for the stadium.
The official statement from Roma announcing the deal read:
“Following information already disclosed to the market on 26 March 2014, AS Roma SPV, LLC, the majority shareholder of NEEP Roma Holdings S.p.A. (the controlling shareholder of AS Roma S.p.A.), and Starwood Capital Group a private U.S. based leading global investment firm, informs that an agreement has been formalized among the parties pursuant to which Starwood Capital Group, through a controlled affiliate, ASR SOF-IX Investment L.L.C., became an equity investor of AS Roma SPV.
“In connection with this transaction, AS Roma SPV’s Investor Committee – which is responsible for the management and operations of AS Roma SPV – will increase from four (4) members to five (5) members, and the existing members of the Committee, James J. Pallotta, RichardD’Amore, Thomas DiBenedetto and Michael Ruane, will be joined on the Committee by a representative of ASR SOF-IX Investment, L.L.C,” it continued.
“All decisions of the AS Roma SPV Investor Committee will continue to require the vote of a majority of its members, and Mr. Pallotta will continue to remain in control of the day-to-day operations of AS Roma S.p.A.”
Details of Roma’s new stadium can be found on the site, by clicking here.
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