U.S. group closes Roma deal

Updated: August 18, 2011, 10:15 AM ET
Associated Press

ROME -- A group of American investors led by Boston executive Thomas DiBenedetto closed a deal Thursday to take over the Roma soccer team, becoming the first foreign majority owners of a Serie A club.

The four-man American group wrapped up the deal four months after a preliminary agreement was signed in April. It had Benedetto's group paying about $100 million for a 60 percent share of a new company that owns roughly two-thirds of Roma. The Unicredit bank retains 40 percent of the club.

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