Roma have finalized the process to exit the Italian stock exchange. It started in May, as the Friedkin family began buying shares that didn’t belong to them. The American tycoons had been planning it ever since taking over the club in 2020.
As per Il Messaggero, the Giallorossi will save up to €3M per year thanks to the delisting. In addition, they will no longer have to abide by all sorts of regulations that come with being a publicly traded company. They reversed a decision made by late president Franco Sensi, who put 29 percent of the team on the market in 2000.
The choice helped attract third-party investors over the years. But the current Roma owners prefer operating on their own. They spent 38M to pull it off. The management will be more agile now and won’t need to be as transparent in their financial communications. Those who sold their stocks joined the so-called ‘Assist Club’ and will have unique benefits, such as meetings and dinners with the president or José Mourinho.
In addition, the move will allow more freedom on capital increases. That will come in handy with the owners planning to build a new stadium in the next few years. They have abandoned the previous project in the Tor di Valle neighborhood after a lengthy bureaucratic saga.
The plan is for Pietralata to be the new location. However, local committees have started appealing against the City. In the past, plots of land had been confiscated from previous owners to construct public offices, but that never happened. They have been recently offered to Roma for the arena, La Repubblica informs.
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