Rome

Soccer: probe opened into AS Roma talks with Saudi royal

Rome prosecutors ask bourse authority to watch share movements

Soccer: probe opened into AS Roma talks with Saudi royal

Rome, February 25 - Rome prosecutors on Monday opened a probe into AS Roma's talks with a member of the Saudi royal family on him taking a stake in the company that controls the Serie A club. Prosecutors asked Milan bourse regulator Consob to report on "anomalous" movements in Roma shares. Roma's share prices shot up 9.7% Friday. Rome are reportedly aiming to get Sheik Adnan Adel Aref al Qaddumi al Shtewi to take up a big stake in the three-time Italian champions by the end of next month. On Thursday the club issued a statement saying it had reached a preliminary deal for the Saudi royal to join its ownership group. Roma chairman James Pallotta is studying ways for the sheik to take up a stake via two capital increases of 50 million euros each, according to media reports. Pallotta is part of a Boston consortium that made Roma Serie A's first foreign-controlled club in 2011. The American owners have big plans and want to build a new stadium for Roma. photo: Roma skipper Francesco Totti

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