Roma have officially been put up for sale by the club's owners as part of an agreement to wipe out debts.
Serie A club set for sale in debt deal with bank
Roma have officially been put up for sale by the club's owners as part of an agreement to wipe out debts.
The preliminary deal between the Sensi family, who own the Serie A club through Compagnia Italpetroli, and major creditor UniCredit was reached last night following a final round of talks.
The Sensi family will put its 67 per cent stake in the club into a new company, Newco Roma, which will then be put up for sale by the Italian bank.
UniCredit, which is owed around €325million (£271m) by Compagnia Italpetroli, will hold a 49% stake in Newco Roma, while the Sensi family will own 51%.
Rosella Sensi will remain as chair and chief executive of the club until it is sold.
Objective
"The primary objective (will be) to go ahead with the valuation and the sale...of the AS Roma shareholding," said a statement from Italpetroli.
Rosella Sensi, who succeeded her father Franco as president of the club when he passed away in 2008, said the agreement would "safeguard AS Roma".
Both parties will meet again on July 20 to finalise terms of the deal, which is set to see the bank additionally obtain the majority of Italpetroli's real estate and oil storage and distribution facilities.
Roma, who finished second in Serie A last season, have been the subject of takeover talk for more than three years, but until now the Sensi family has been unable to offload its stake in the club.
