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Roma becomes 1st Italian team owned by foreigners after UniCredit sells stake to US investors

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ROME - Roma has become the first Italian football team to be owned entirely by foreigners after Italian bank UniCredit sold its stake to the American group of investors led by club president James Pallotta.

A statement by Roma on Monday says UniCredit has sold its remaining 31-per cent stake in Roma's controlling company, NEEP Roma Holding SpA, to AS Roma SPV LLP for 33 million euros ($44 million).

AS Roma SPV LLP now holds a 100-per cent stake of NEEP, having bought the club with UniCredit in 2011 in a 60-40 split.

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