Monday, 24 October 2016
Last updated 2 days ago
Feb 4 2011 | 2:11am ET
A Boston private equity chieftan is nearing a deal for an Italian soccer team.
A group of investors led by Thomas DiBenedetto is in exclusive talks with A.S. Roma and is close to an agreement, according to published reports. DiBenedetto is president of p.e. firm Junction Investors and money manager Boston International Group.
DiBenedetto himself is leading the negotiations for the club, which has been up for sale since July. His offer was deemed the best of the five received by the club. Another member of the group, Julian Movsesian, told Bloomberg News, "we could be the proud owners in two weeks."
The DiBenedetto group has offered about €130 million for the team and will "provide further information and complete their offer" over the next few days, the current ownes, Compagnia Italpetroli, said.
DiBenedetto is no stranger to European soccer as a partner of New England Sports Ventures, which owns the Boston Red Sox and last year bought English soccer team Liverpool Football Club.