Source: Il Messaggero – TuttoMercatoWeb
Today’s edition of “Il Messaggero” pointed out that James Pallotta is closing the deal to get the 31% of Neep owned by Unicredit. The negotiation is going very well and it should be closed in a few days for around 55 million euro.
James Pallotta is ready to go ahead alone in order to magnify its creature, AS Roma! The wise Bostonian investor is demonstrating to be a really competent entrepreneur as well. Pallotta and his group of managers established great partnerships with Nike, Disney, CAA Sport, and Starwood Capital giving to AS Roma a great appeal for worldwide investors.
A few months ago we were speaking about the possible deal with the rich Chinese entrepreneur Cheng Feng, however, the negotiation has been refused by Pallotta. At this stage, something seems a bit more clear than before. Probably, James Pallotta has another plan…to establish a more proficient partnership with Starwood Capital. As stated in their official website Starwood Capital is a 23-year-old alternative investment management firm with a strong focus on global real estate and energy and $36 billion of assets under management. In addition Starwood Capital have an investment flexibility to move among virtually every real estate asset class, shifting geographies and changing positions in the capital stack as risk-reward dynamics evolve and extensive public market experience, having led IPOs for seven companies with almost $46 billion in public market capitalization.
It is yesterday’s news that Starwood Capital is trying to increase their stake in AS Roma as well. According to “TuttoMercatoWeb” Barry Sternlicht, Starwood Capital Chairman and CEO want to pursue the 5% of shares owned by Thomas DiBenedetto.
Great moves for Pallotta & Co. but, moreover, great future for AS Roma!