15 March, 2013 - 07:42

Roma terminates contract with Sheikh investment company

Roma terminates contract with Sheikh investment company

The Capital side claims the investor failed to provide cash.

The preliminary agreement between the Giallorossi and Sheikh Adnan Adel Aref al Qaddumi al Shtewi was signed on 24 February. According to the contract the investor pledged to provide €50m by March 14, yet the company did not perform the transaction.

”The Prospective Partner has not consummated the investment, there is no agreement in place to extend the deadline for closing the transaction and the preliminary agreement with the Prospective Partner should be considered terminated,” the club informed in an official statement.

Found a mistake? Highlight it with mouse and press CTRL + Enter. Thank you!

Liked the article?

Vote:
0
rating
+1
-1

Comments

Please, register to take part in user rating.

Newswire

26 March
2 March
2 February
20 January
12 January
7 December
9 November
25 October
9 October
11 June
26 May
15 April
27 March
12 March
21 January
10 January