Friday August 21 2020
Pallotta preparing Newcastle bid?

Former Roma owner James Pallotta is reportedly selling his share of the Boston Celtics too, suggesting he’ll reinvest, possibly in Newcastle United.

The American businessman had already been heavily linked with a bid for the Newcastle takeover and is now seemingly in a position to do it.

He completed the sale of AS Roma to Dan Friedkin this month for €591m and Sportico claim he is now ready to sell his 8% share in basketball team Boston Celtics.

It’s reported Pallotta will sell his shares to managing partner Steve Pagliuca for circa $2.8m. maintain sources close to Pallotta believe he will get back into the world of football by investing in a different club.

Newcastle United would be an ideal project for Pallotta, who was frustrated at the lack of progress in Italy on building a new stadium and sold up after eight years.