US Billionaire Dan Friedkin set for AS Roma takeover in £532m

Emblem of Italian top flight football outfit AS Roma

Italian giants AS Roma have confirmed the club has been sold to United States billionaire Dan Friedkin in a deal worth $701-million.

Friedkin signed the deal on Thursday ahead of the expected takeover that is estimated to be completed by the end of August.

"I am pleased to confirm we have reached an agreement with The Friedkin Group for the sale of AS Roma," former owner James Pallotta said.

"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."

Friedkin is worth a reported $4.2-billion in net worth according to Forbes, as the owner of Gulf States Toyota that sold an estimated $9-billion worth of Toyotas in 2018 alone.KickOff