U.S. billionaire Soros drops Roma takeover bid
The Italian media has been permeated by reports over the past few months that Roma was set to be taken over due to the fact that the club's parent company, Italpetroli, possess debts in the region of $580 million.
The main groups linked with a takeover have all been led by American businessmen. Most recently it seemed that 78-year-old billionaire political activist George Soros was closing in on capturing the club.
Reportedly the decision not to buy Roma was Soros', who twice had the chance to put the finishing touches to the deal, first last Friday, and again Monday.
This news, if confirmed, will delight may traditionalists who hope that Serie A doesn't sell its soul to foreign investors. However others believe that the money Soros could have brought in would have improved the level not only of Roma, but the whole of Serie A itself.