Roma pull out of talks with Sheikh Adnan

AS Roma have ended negotiations with Sheikh Adnan Adel Aref al Qaddumi al Shtewi over potential investment in the club.

With the deadline having passed yesterday, Roma released the following statement:

“Further to the press release published on February 24, 2013 by AS Roma SPV LLC, as majority shareholder of NEEP Roma Holding S.p.A., with reference to the preliminary agreement signed with Sheik Adnan Adel Aref al Qaddumi al Shtewi (the “Prospective Partner”) for his involvement, direct or indirect, with the equity group which owns the controlling stake of NEEP Roma Holding SpA, and the deadline of March 14, 2013 for the Prospective Partner to fund the full purchase price of his investment, AS Roma SPV LLC – also after consultation with Consob - informs that the Prospective Partner has not consummated the investment, there is no agreement in place to extend the deadline for closing the transaction and the preliminary agreement with the Prospective Partner should be considered terminated.”

Read more:

Have your say

Related Images