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The American Invasion of Serie A is On

By Mark

Having thoroughly ingratiated itself into the ownership ranks of the English Premier League, American billionaires are looking for new sports horizons to climb. It appears that the Italian Serie A will be the next target now the new Italian Prime Minister Silvio Berlusconi has given his blessing. Berlusconi, the billionaire owner of AC Milan has approved the proposed takeover of AS Roma by American billionaire George Soros, had been thought to oppose foreign ownership. However, he made it clear that he has no objection.

"If someone comes in who can make the fans happy by strengthening the squad, he's more than welcome," Berlusconi told a local radio station.

While Roma would not confirm that Soros was the prospective buyer, he has been rumored to be the purchaser for weeks. Soros denied comment, but has not denied interest in the purchase. Italian media has reported the price as being $400 million for the 67% interest owned by a company controlled by the Sensi family.

UPDATE: Trading in shares of AS Roma was halted earlier today on the Milan stock exchange amid reports that George Soros had withdrawn his offer to purchase the club. Shares had dropped over 11% before closing off 9% percent when trading was halted.

Full post as published by Sports Biz on April 30, 2008 (boomark / email).