US tycoon Friedkin completes 591-million euro Roma takeover

first_imgTopics : ‘Special club’ But the Boston-based businessman had been unpopular among club fans for his rare appearances in Italy and his handling of player transfers and the departures of club legends Francesco Totti and Daniele De Rossi who were both pushed out of the club.Roma have had recurring financial difficulties and been sanctioned by European football’s governing body UEFA for breaches of financial fair play.As a result the club are very active in the transfer market, regularly selling off their best players, to the chagrin of fans.Pallotta’s great project had been the construction of a new stadium in the south of the capital which was delayed because of legal and bureaucratic issues, and remains at the planning stage.The high-point of Pallotta’s reign was the club’s sensational Champions League 3-0 second leg comeback in 2018 to beat Barcelona, before losing to Liverpool in the semi-finals.Pallotta said: “I would like to wish Dan, Ryan and everyone at AS Roma – the players, the staff and the fans – only good luck for the future. “Like every Roma fan in the world, I truly hope The Friedkin Group can build on what we have done over the last eight years, transforming Roma into a truly international club, and take AS Roma to the next level. “This is an incredibly special football club and I leave with many unforgettable memories.”The club won their third Serie A title in 2001, but have not lifted any silverware since the Italian Cup in 2008.This season they finished fifth, missing out on elite European competition for the second year in a row.Friedkin told Roma fans: “We will stand shoulder to shoulder with you as we develop this club and challenge for trophies in the future.”We can’t wait to get to work and for our new season to start.” “As one fan wrote recently, ‘Take our iconic club and make it one of the greatest names in world football’.”We intend to do just that. Our commitment to Roma is total. We will be very present in Rome, a city that holds a special place in our hearts, as we embark on this exciting journey.”Our vision for the club and the team is to favor a sustainable and long-term investment approach rather than quick fixes.”We recognize that we have been entrusted with a team. which represents a vital part of the soul of Rome, and this is a responsibility that we will always take very seriously and humbly.” Houston-based Friedkin is the chief executive of a consortium notably involved in the automotive and hotel and entertainment industry.The Friedkin Group have through Romulus and Remus Investments LLC, purchased the 86.6 percent majority stake in Roma, and will launch a mandatory tender offer for the remaining 13.4 percent of share capital, the club said in a statement.Friedkin takes over from Pallotta as club chairman, in a new executive committee which includes his son Ryan, with Guido Fienga remaining on as CEO.Pallotta bought two-thirds of the club’s shares in 2012, but had 100 percent ownership since 2014. US billionaire Dan Friedkin on Monday promised to turn Roma into “one of the greatest names in world football” after completing his 591 million euros ($700 million) purchase of the Italian club.Friedkin, 54, takes over the Serie A side after nine-years under the ownership of fellow American James Pallotta, 62.”We are delighted to join the AS Roma family,” said Friedkin. last_img read more

Infant found unharmed at scene of murder-suicide in Delray Beach

first_imgOn Tuesday, two people were found dead in a murder-suicide at an apartment complex in Delray Beach, and a baby was found unharmed inside the apartment.The shooting happened just after 8 a.m. at the Village at Delray apartments along Auburn Avenue.The victims have not been identified.As a result of the police activity, the district put Village Academy on a code red lockdown. Operations are back to normal.This story is developing.last_img

Dr Bernd Oswald to lead Novomatic Supervisory Board

first_img Submit Levy departure sees Novomatic split global sales leadership April 26, 2019 Dr Bernd OswaldUpdating the market, the governance of Novomatic AG has confirmed that attorney Dr Bernd Oswald will succeed Herbert Lugmayr as Chairman of the firm’s Supervisory Board.Oswald a commercial and corporate law attorney, has sat on Novomatic’s Supervisory Board since 2012 and has further acted as a legal advisory for Novomatic governance.From 1 March, the Novomatic Supervisory Board will expand to six members, consisting of  Dr. Bernd Oswald (Chairman), Martina Flitsch (Deputy Chairwoman), Barbara Feldmann, Martina Kurz, Dr. Robert Hofians and Robert Hofians.The promotions of Dr Oswald, sees long-term Supervisory Chairman Herbert Lugmayr retire from the advisory position. Novomatic governance informed investors that Lugmayr services would continue in an ‘advistory function’.Novomatic governance thanked Lugmayr for his 20-years, service to the company, in which he contribute to the company’s ‘unique and sustainable success’. Related Articles Triennial cut impacts Inspired performance March 12, 2020 StumbleUpon Share Harald Neumann ends tenure as Novomatic CEO March 2, 2020 Sharelast_img read more

MLB trade rumors: Rangers ‘likely’ to move Mike Minor; Phillies, Brewers interested in starter

first_imgMike Minor could soon be in a new uniform.The Rangers are “increasingly likely” to move the 31-year-old starter before the July 31 trade deadline, according to a report from MLB Network, which cites unidentified league sources. The Phillies and Brewers are both interested in acquiring Minor, but, as of Wednesday, no deal is close, the report says. Sources: Mike Minor is increasingly likely to be traded in the next two weeks, as I reported a short time ago on @MLBNetwork. The #Brewers and #Phillies are among the interested teams, although there’s no indication that a deal is close. @MLB— Jon Morosi (@jonmorosi) July 17, 2019“There’s always going to be speculation,” Rangers manager Chris Woodward said Wednesday about the trade rumors (via MLB Network on SiriusXM). “That’s part of the game. That’s something that, as a player, you have to deal with every year, basically.”The left-hander made his first All-Star team earlier this month and is in the middle of a career season. He holds an 8-4 record with a 2.73 ERA in 19 starts so far in 2019. Related News “Hard for us to make the judgment now that we’re one trade away from the World Series,” MacPhail said, via “We don’t believe that. I don’t believe that. So, as a result, you’re going to have to be more judicious with your playing talent. It doesn’t mean you can’t make a different type of deal, doesn’t mean you can’t make a deal where a component is taking on somebody’s salary.”The Phillies could explore dealing for the Diamondbacks’ Robbie Ray, as well. MLB trade rumors: Brewers, Giants ‘engaged in discussions’ about reliever Will Smith MLB trade rumors: Phillies have been ‘in contact with every team that has pitching available’ The Rangers entered play Wednesday four games out of the second American League wild-card spot with a 50-45 record.“As a staff member, all you can do is try to keep (the trade rumors) internal,” Woodward said. “Try to keep the noise out and say ‘Hey, when things happen, they happen. It’s out of your control. So, we might as well go out there and try to win each game and not worry about that.’ Not have that hanging over us.“But, it is there. I’m not afraid to address it. I’m not going to ignore it. It is what it is. We’ve got to accept that, and embrace that, and move on with our day.”Chris Woodward on @JonMorosi’s report that “Mike Minor is increasingly likely to be traded”:”We’ve got to accept that, and embrace that, and move on with our day.”[email protected] | #Rangers | #TogetherWe— MLB Network Radio on SiriusXM (@MLBNetworkRadio) July 17, 2019The Brewers have also been linked to Mets right-hander Noah Syndergaard and Giants reliever Will Smith while the Phillies reportedly have “been in contact with every team that has pitching available.”Philadelphia, however, might not be willing to trade top prospects for frontline players, team president Andy MacPhail told reporters last week. MLB trade rumors: Astros monitoring the market for a starter, interested in Robbie Raylast_img read more