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U.S billionaire Dan Friedkin completes Sh75 billion takeover of AS Roma

Sevilla's Sergio Reguilon, left, and Roma's Nicolo Zaniolo vie for the ball during the Europa League, round of 16 soccer match between Roma and Sevilla, at the Schauinsland-Reisen-Arena in Duisburg, Germany, Thursday, Aug. 6, 2020. (Friedemann Vogel/Pool Photo via AP)

The Friedkin Group are the new owners of AS Roma, the Serie A side announced on Monday, two weeks after U.S. billionaire Dan Friedkin signed a deal worth more than $700 million to purchase the Italian club.

The Friedkin Group announced the acquisition of the 86.6% majority stake in the club and they will launch a mandatory tender offer upon the publicly held ordinary shares.

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