American tycoon Thomas DiBenedetto and Italian banking firm UniCredit have reached an agreement for the takeover of Roma with immediate effect.
Once regulatory approval is granted, DiBenedetto's group will own 67% of AS Roma, their share of the club being valued at €70.3million.
The DiBenedetto consortium, 60% of which is held by the man himself and 40% by UniCredit, will then be legally bound to bid for the remaining third of the club's shares.
DiBenedetto, president of the Boston International Group and a successful banker, has vowed to bring the glory days back to the embattled capital outfit.
"Our hope and our objective is to be as successful in Rome as Mr. Berlusconi was with his team in Milan," he told Reuters.
Long Time Coming
An agreement between the Italian-American consortium led by DiBenedetto, a Boston-based businessman, and Unicredit, the club’s owners, had been reached earlier, with news reports circulating for weeks that the formal takeover was nearing completion.
DiBenedetto has already revealed his grand design to overhaul Roma and aims to make a number of major signings in the summer in order to see the former Italian champions win the Serie A title and establish themselves as a European force.
In his latest press conference, DiBenedetto further outlined his vision for the Olimpico club, though he was probably joking when telling reporters, "I'd like to take Fenway Park to Rome, (and) the Colosseum would be very nice in Boston."
Fenway Park is the home of the Boston Red Sox baseball team, in which DiBenedetto also has a stake.