Roma to receive huge cash injection from US bank

Date: 4th February 2015 at 2:31pm
Written by:

James Palotta RomaRoma are close to borrowing approximately €200 million from the American bank, Goldman Sachs.

With last year’s budget at a loss of almost €40 millionand the need to stay competitive at the top of the Serie A table, the Giallorossi have looked into ways of revitalizing their budget and borrowing appears to be their answer.

According to Corriere dello Sportthe the club from the capital will obtain a fresh, new boost of cash with a dual purpose: first to balance the debt from last season, and secondly to have money to invest in the market as they build a squad for next season.

Roma President James Palotta has been backing this project strongly.

Goldman Sachs, who also finance Inter, will be funding the loan largely through investment funds and private banks.  Those banks will then, in turn, invest the money in the stock market with the best investment platforms UK has to offer.  It’s a complex but common scenario that will allow Roma to have access to the cash within a few months.

 

Comments are closed.