MILAN - The process to sell AS Roma has
started after agreement between the controlling parties,
UniCredit deputy chief executive Paolo Fiorentino said, sending
shares in the Italian football club higher.
Creditor bank UniCredit has been working with owner
Italpetroli for months in an effort to put the club up for sale
and wipe out large debts.
"It went well, there has been a kick off," Fiorentino told
reporters after a meeting on Monday with sale advisor
He said the sale process had begun with the agreement of
Italpetroli head and club president Rosella Sensi and that
UniCredit, which has de facto control of the club, was
interested in a good result rather than a speedy sale.
Russian media reported on Tuesday that the vice president of
oil company LUKOIL, Leonid Fedun, was interested in purchasing a
controlling stake, but LUKOIL had no comment.
Italian media have listed several other interested parties.
Roma shares were up 10 percent at 1.210 euros at 12:09pm GMT.
Roma, who finished second in the Italian league last season
and were runners-up in the Italian Cup despite their financial
constraints, have been the subject of continual takeover talk
with Italpetroli struggling to deal with arrears.
Creditors have been trying to force a sale for three years
but bids from billionaire financier George Soros and a Swiss
consortium never came to fruition.
Italian pharmaceutical magnate Francesco Angelini has never
put forward concrete plans for a bid after saying he wanted to
buy a majority stake in the club.
Interact: Twitter * Facebook * Forums
Berlin will stage Champions League final for the first time in 2015
Borussia Dortmund's Mario Gotze ruled out of Champions League final against Bayern Munich
Manchester United centre-back Rio Ferdinand signs one-year contract
Malaga coach Manuel Pellegrini will leave the La Liga club at the end of the current season
Ten years on, the legends speak to FFT
Your questions answered by an A to Z of legends
He's here, he's there, he's...
The cost of Premier League away travel
Nike CR7 IX for you
FourFourTwo is brought to you by Haymarket Consumer Media & FourFourTwo is part of Haymarket Sport
| International Licensing | © Haymarket Media Group 2010