Sheik Al Qaddumi to enter Roma ownership group

Sheik Al Qaddumi to enter Roma ownership group

Published Feb. 22, 2013 8:43 a.m. ET

Roma has announced a preliminary deal for Sheik Adnan Adel Aref al Qaddumi al Shtewi to enter its ownership group.

In 2011, a group of four Boston executives closed a deal to become the first foreign majority owners of a Serie A club, but Roma continues to seek more funding which could aid its plan to build a new stadium.

Al Qaddumi is believed to be of Qatari heritage although the Gazzetta dello Sport reports that he has been a resident in Italy for 25 years.

Roma says in a statement that the deal allows Al Qaddumi to enter ''directly or indirectly in the company that controls NEEP Roma Holding SpA.''

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Financial details were not disclosed.

Last year, Boston Celtics minority owner James Pallotta replaced Thomas DiBenedetto as Roma president.

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