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AS Roma Reaches Deal For Goldman Sachs To Pay $34M For Pre-Development Costs

AS Roma officially has "an agreement with Goldman Sachs that will cover the stadium's pre-development expenses," according to FOOTBALL ITALIA. The final price for the club's new home "will probably be in the hundreds of millions," but for the moment President James Pallotta is focused on "covering the costs prior to the actual building process." Roma now has an agreement with Goldman Sachs, which will provide an investment of €30M ($34M) to cover for the stadium's expenses. A statement said, "Goldman Sachs International Bank will make available to StadCo financing in an amount up to Euro 30 million based on the satisfaction certain conditions in the StadCo Facility Agreement. StadCo shall repay the StadCo Facility in full no later than 22 months after the initial utilization date" (FOOTBALL ITALIA, 5/17).

BARRIERS TO STAY PUT: In a separate piece, FOOTBALL ITALIA reported Roma's barriers at the Stadio Olimpico "will remain where they are for one more season, in spite of protests by fans." The club's season "was marked by the emptiness of the Curva Sud" in its home stadium, as the new barriers introduced between certain sections of the stadium "were not appreciated by the ultras community." The popular protest "came to nothing, as the safety provisions will remain in place going into the next season too" (FOOTBALL ITALIA, 5/17).

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