Oct. 9 (Bloomberg) -- James Pallotta, the president of AS Roma, said the Italian soccer club plans to delist its shares that are publicly traded, newspaper Il Sole 24 Ore reported on its website.
Pallotta, managing director of Boston-based Raptor Capital Management LP, bought control of the team with a group of U.S. investors last year. He said sports teams are long-term investments that aren’t suited to the stock market, the newspaper reported.
The move isn’t a priority and Roma has more pressing issues including building a 60,000-seat stadium, Il Sole reported, adding plans for that may be unveiled in three months.
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