[QODLink]
Sport
Soros linked to Roma buy-out
Trading of AS Roma shares are suspended amid rumours of a takeover.
Last Modified: 29 May 2008 17:45 GMT

Roma players may have a new owner soon [AFP]
Trading of AS Roma shares on the Milan stock exchange have been suspended amid reports that American billionaire George Soros was nearing a deal to purchase the club.

Roma was slated to rise 16 percent before the market opened, forcing the suspension before the opening bell.

Trading is automatically suspended if shares drop or rise beyond a 10 percent limit.

A report in the New York Post on Wednesday said that New York criminal defence lawyer Joseph Tacopina was on the verge of buying Roma with backing from Soros.

Italian news agencies reported that Tacopina arrived in Rome early Thursday for negotiations.

Reports of Soros' interest first appeared last month.

Roma and Compagnia Italpetroli SpA, which holds a 67 percent stake in the club, have repeatedly denied that Soros' representatives have made an offer.

The club issued its latest denial Wednesday, saying no accord with anyone for the team had been reached.

Denials

Roma called the news reports that Tacopina and the owners or their representatives were meeting to seal a deal within a week as "completely without any basis.''

Roma issued a statement at the request of the Italian stock-market watchdog.

"Tacopina, who's been backed by international financier George Soros, is jetting to Rome today to put the finishing touches on the deal, which has been in the works for months, according to a source familiar with the deal,'' the Post story said.

A spokesman with Soros Fund Management LLC declined comment.

Trading of Roma shares was also suspended on April 29 amid reports that Soros had withdrawn his offer.

Source:
Agencies
Topics in this article
People
Featured on Al Jazeera
Swathes of the British electorate continue to show discontent with all things European, including immigration.
Astronomers have captured images of primordial galaxies that helped light up the cosmos after the Big Bang.
Critics assail British photographer's portrayal of indigenous people, but he says he's highlighting their plight.
As Western stars re-release 1980s charity hit, many Africans say it's a demeaning relic that can do more harm than good.
Featured
Great white activity off famous Bondi Beach had beach-goers scrambling out of the water, but experts say don't panic.
At least 25,000 displaced people have gathered on the northern border, with more on the way trying to escape attacks.
Remnants of deadly demonstrations to be displayed in a new museum, a year after protests pushed president out of power.
No one convicted after 58 people gunned down in cold blood in 2009 in the country's worst political mass killing.
While hosting the World Internet Conference, China tries Tiananmen activist for leaking 'state secrets' to US website.