Bloomberg reports that James Pallotta is in meetings to sell a €75m (40 per cent) stake in Roma, as a “strategic partner” is needed.
According to the US financial media, President Pallotta will meet with three banks in London next week.
"We have to have an equity investor and partner to build the stadium," Pallotta told Bloomberg.
"Roma will be doing a raise for equity internally as well as externally for a strategic partner."
Bloomberg reports that James Pallotta is in meetings to sell a €75m (40 per cent) stake in Roma, as a “strategic partner” is needed.
According to the US financial media, President Pallotta will meet with three banks in London next week.
"We have to have an equity investor and partner to build the stadium," Pallotta told Bloomberg.
"Roma will be doing a raise for equity internally as well as externally for a strategic partner."
There are several issues that mean Roma require fresh funds, as they crashed out of the Champions League preliminary round and therefore missed out on approximately €40m of income.
The potential sale comes during a time when Chinese groups are taking over Inter and Milan.
A source claims Pallotta believes Roma to be worth as much as Milan and, if the stadium complex is completed, the value of the club could go up to €2bn.
“Pallotta’s group paid 70.3 million euros for 67 percent of the team in 2011 and has grown its stake over time. In February that year, the club signed a loan agreement for 175 million euros with Goldman Sachs and Unicredit,” added Bloomberg.
“The club’s income is strongly tied to its ability to qualify for the Champions League, which is watched by a billion people worldwide.”