Roma legend Amedeo Carboni believes James Palotta has made mistakes in his time as owner of the club.

The American billionaire, along with three other investors, purchased the Serie A club in 2011 and was appointed chairman the following summer.

From the 2013/14 to 2017/18, Roma finished no lower than third and reached the Champions League knockout stages every season, including the semi-finals.

But the wheels started to fall off last summer when club icon Francesco Totti quit his role as director of the club and stated he would not return until a new owner was in place.

Subsequently, Palotta began entertaining bids for the club and remains in negotiations with a consortium led by fellow American billionaire Dan Friedkin. According to Milano Finanza, Palotta recently rejected an offer of €490 million from Friedkin.

Asked about Palotta's reign by Tribalfootball.com, Carboni said the businessman only had himself to blame.

"Roma is a difficult society to run," the former defender said. "Pallotta has tried but evidently has not been able to do what he wanted also because of his mistakes... and now it is for sale."

A former Italy international, Carboni spent seven years with Roma and had the pleasure of watching a young Totti become one of the country's finest players.

And the 55-year-old admits Roma can never be the same without Totti's involvement.

"[It is] very difficult to give an opinion from the outside. Totti is Roma and a Roma without Totti already seems to have no heart.

"Surely with more time and a more balanced society (there is always chaos within Roma)… Totti would have found the right path for him and for Roma itself."

Speaking about Totti's emergence in the Roma first-team as a teenager, Carboni continued: "Totti, in my time, was one of the best youngsters in the Roma school and was already playing in the second team. He often trained with us and it was Boskov who made his debut in Brescia. He was very daring and often did well.

"Then, with Mazzone, he was an important player the first year and fundamental from the second until arriving where he has arrived... Totti, like other great champions, are players who cannot be compared, because they have styles, skills and character that are not the same as others.

"They're really great footballers and there is nothing more to be said as they are unique."