James Pallotta: Difference between revisions

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Revision as of 20:02, 21 August 2013 editMatthew hk (talk \| contribs)Autopatrolled, Extended confirmed users, New page reviewers, Pending changes reviewers201,088 edits →AS Roma: ownership ratio← Previous edit		Revision as of 20:03, 21 August 2013 edit undoMatthew hk (talk \| contribs)Autopatrolled, Extended confirmed users, New page reviewers, Pending changes reviewers201,088 edits →AS Roma: 67,097%Next edit →
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	After starting the process of sale of AS Rome, James J. Pallotta, along with three other American investors, ], Michael Ruane and Richard D'Amore, submitted a bid for the acquisition of the club ]. The Italian-American manager was already interested in the team following the failure of negotiations with ].<ref></ref> On 15 February 2011 ] starts exclusive negotiations with the U.S. consortium.		After starting the process of sale of AS Rome, James J. Pallotta, along with three other American investors, ], Michael Ruane and Richard D'Amore, submitted a bid for the acquisition of the club ]. The Italian-American manager was already interested in the team following the failure of negotiations with ].<ref></ref> On 15 February 2011 ] starts exclusive negotiations with the U.S. consortium.

	On 16 April 2011, following the signing of the contracts in Boston, the DiBenedetto group "DiBenedetto AS Roma LLC" became the new majority shareholder of ]. Under the agreement, a JV acquired all the share held by Sensi family, which the shares already ''de facto'' owned by Unicredit for debt reconstruction. The new JV, "NEEP Roma Holding", was a joint venture of "DiBenedetto AS Roma LLC" (later renamed to AS Roma SPV LLC) and Unicredit in 60% and 40% ratio. "DiBenedetto AS Roma LLC" had option to purchase more shares from Unicredit in the first quarter of 2012.{{fact\|date=August 2013}} On 27 October 2011 Pallotta officially joined the board of directors of ] and the executive committee of the same. Since August 27, 2012, he is the president of the Italian football club ], the 23rd of the club's history after ].<ref></ref>		On 16 April 2011, following the signing of the contracts in Boston, the DiBenedetto group "DiBenedetto AS Roma LLC" became the new majority shareholder of ]. Under the agreement, a JV acquired all the share held by Sensi family (67.097%), which the shares already ''de facto'' owned by Unicredit for debt reconstruction. The new JV, "NEEP Roma Holding", was a joint venture of "DiBenedetto AS Roma LLC" (later renamed to AS Roma SPV LLC) and Unicredit in 60% and 40% ratio. "DiBenedetto AS Roma LLC" had option to purchase more shares from Unicredit in the first quarter of 2012.{{fact\|date=August 2013}} On 27 October 2011 Pallotta officially joined the board of directors of ] and the executive committee of the same. Since August 27, 2012, he is the president of the Italian football club ], the 23rd of the club's history after ].<ref></ref>

	The "NEEP Roma Holding" has planned a complete ] by purchased all the shares held by the public (thus ] AS Roma from ]) but failed.		The "NEEP Roma Holding" has planned a complete ] by purchased all the shares held by the public (thus ] AS Roma from ]) but failed.

Revision as of 20:03, 21 August 2013

James Pallotta
Born	(1958-03-13) March 13, 1958 (age 66) North End, Boston, USA
Nationality	American
Alma mater	Northeastern University (M.B.A.) University Of Massachusetts (B.B.A.)
Occupation	Entrepreneur
Known for	President of A.S. Roma
Spouse	Kimberly Pallotta
Parent(s)	James R. Pallotta Angelina Pallotta

James Pallotta (Boston, 13 March 1958), is an American investor and hedge-fund manager and, since August 27, 2012, the president of the Italian football club A.S. Roma. Mr. Pallotta is the Chairman and Managing Director of Raptor Group, a Boston-based investment management firm. In his portfolio management role at Raptor Capital Management LP, he manages individual, institutional and his own personal capital.

In 2005, he had income of about 200 million dollars as Managing Director of Tudor Investment Corporation. Pallotta's net worth has been estimated to be more than a billion dollars. In addition to his investment in A. S. Roma and other investments, Pallotta is a shareholder in the Boston Celtics.

AS Roma

After starting the process of sale of AS Rome, James J. Pallotta, along with three other American investors, Thomas R. DiBenedetto, Michael Ruane and Richard D'Amore, submitted a bid for the acquisition of the club A.S. Roma. The Italian-American manager was already interested in the team following the failure of negotiations with George Soros. On 15 February 2011 Unicredit starts exclusive negotiations with the U.S. consortium.

On 16 April 2011, following the signing of the contracts in Boston, the DiBenedetto group "DiBenedetto AS Roma LLC" became the new majority shareholder of A.S. Roma. Under the agreement, a JV acquired all the share held by Sensi family (67.097%), which the shares already de facto owned by Unicredit for debt reconstruction. The new JV, "NEEP Roma Holding", was a joint venture of "DiBenedetto AS Roma LLC" (later renamed to AS Roma SPV LLC) and Unicredit in 60% and 40% ratio. "DiBenedetto AS Roma LLC" had option to purchase more shares from Unicredit in the first quarter of 2012. On 27 October 2011 Pallotta officially joined the board of directors of A.S. Roma and the executive committee of the same. Since August 27, 2012, he is the president of the Italian football club A.S. Roma, the 23rd of the club's history after Thomas R. DiBenedetto.

The "NEEP Roma Holding" has planned a complete takeover by purchased all the shares held by the public (thus de-list AS Roma from Borsa Italiana) but failed.

In 2013 the ownership ratio of "NEEP Roma Holding" had changed to "AS Roma SPV LLC" 69% and UniCredit 31%. It is reported the deal was financed by Pallotta solely.

References

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