Thomas R. DiBenedetto

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Thomas Richard DiBenedetto (Boston, 3 June 1949 [1] ), is an American entrepreneur and was the 22nd chairman of the Italian football club A.S. Roma, since September 27, 2011 to August 27, 2012, when he was succeeded by James Pallotta. [2]

Boston State capital of Massachusetts, U.S.

Boston is the capital and most populous city of the Commonwealth of Massachusetts in the United States, as well as the 21st most populous city in the United States. The city proper covers 48 square miles (124 km2) with an estimated population of 694,583 in 2018, making it also the most populous city in New England. Boston is the seat of Suffolk County as well, although the county government was disbanded on July 1, 1999. The city is the economic and cultural anchor of a substantially larger metropolitan area known as Greater Boston, a metropolitan statistical area (MSA) home to a census-estimated 4.8 million people in 2016 and ranking as the tenth-largest such area in the country. As a combined statistical area (CSA), this wider commuting region is home to some 8.2 million people, making it the sixth most populous in the United States.

A.S. Roma Professional Italian association football club

Associazione Sportiva Roma, commonly referred to as Roma[ˈroːma], is an Italian professional football club based in Rome. Founded by a merger in 1927, Roma have participated in the top-tier of Italian football for all of their existence except for 1951–52.

James Joseph Pallotta is a billionaire American businessman and entrepreneur. In 2009, he founded Raptor Group, a private investment company. Prior to forming Raptor, Pallotta served as Vice Chairman at Tudor Investment Corporation. Additionally, Pallotta is co-owner and the chairman of the Italian football club A.S. Roma; co-owner and executive board member of the National Basketball Association's Boston Celtics, and Co-owner of esports franchise Fnatic.

Moreover, President of Boston International Group since 1983,[ citation needed ] President of Junction Investors Ltd. (an investment management firm) since 1992;[ citation needed ] Chairman of the Board of Jefferson Watermann International (a business intelligence firm);[ citation needed ] Managing Director of Olympic Partners (a real estate investment firm);[ citation needed ] a director of Detwiler, Mitchell & Co. (a securities firm)[ citation needed ] and of NWH, Inc. (a software company) until 2006. [3]

DiBenedetto is a partner in Fenway Sports Group, who own the Boston Red Sox and Liverpool, among other sport properties.

Fenway Sports Group, LLC (FSG), is an American sports company. It is the parent company of Major League Baseball's Boston Red Sox and Liverpool Football Club, a Premier League soccer (football) team.

Boston Red Sox Baseball team and Major League Baseball franchise in Boston, Massachusetts, United States

The Boston Red Sox are an American professional baseball team based in Boston, Massachusetts. The Red Sox compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. The Red Sox have won nine World Series championships, tied for the third-most of any MLB team, and they have played in 13. Their most recent appearance and win was in 2018. In addition, they won the 1904 American League pennant, but were not able to defend their 1903 World Series championship when the New York Giants refused to participate in the 1904 World Series. Founded in 1901 as one of the American League's eight charter franchises, the Red Sox' home ballpark has been Fenway Park since 1912. The "Red Sox" name was chosen by the team owner, John I. Taylor, circa 1908, following the lead of previous teams that had been known as the "Boston Red Stockings", including the forerunner of the Atlanta Braves.

Liverpool F.C. Association football club in England

Liverpool Football Club is a professional football club in Liverpool, England, that competes in the Premier League, the top tier of English football. The club has won six European Cups, more than any other English club, three UEFA Cups and four UEFA Super Cups, also English records, eighteen League titles, seven FA Cups, a record eight League Cups and fifteen FA Community Shields.

AS Roma

On 16 April 2011, Thomas R. DiBenedetto's through "DiBenedetto AS Roma LLC" (incorporated in Delaware, which he owned 25%) and UniCredit bought 67.1% shares of A.S. Roma S.p.A. from Sensi family's Italpetroli (by buying the shares of holding company "Roma 2000 S.r.l", although UniCredit already owned 40% shares of Italpetroli before the deal) for €60.3 million and formed a joint venture holding company NEEP Roma in a 60-40 ratio. The transaction date was scheduled on 31 July 2011. [4] NEEP also bought the sister companies of AS Roma: "ASR Real Estate S.r.l." and "Brand Management S.r.l." valued €10 million.

Delaware U.S. state in the United States

Delaware is one of the 50 states of the United States, in the South-Atlantic or Southern region. It is bordered to the south and west by Maryland, north by Pennsylvania, and east by New Jersey and the Atlantic Ocean. The state takes its name from Thomas West, 3rd Baron De La Warr, an English nobleman and Virginia's first colonial governor.

UniCredit Italian global banking and financial services company

UniCredit S.p.A. is an Italian global banking and financial services company. Its network spans 50 markets in 17 countries, with more than 8,500 branches and over 147,000 employees. Its strategic position in Western and Eastern Europe gives the group one of the region's highest market shares. The company is a component of the Euro Stoxx 50 stock market index.

"DiBenedetto AS Roma LLC" (later renamed AS Roma SPV, LLC) consists of 4 other shareholders (or 3 not counting the family trust), namely James Pallotta (25%) (of "Tudor Investment"), Michael Ruane (25%) (director of "TA Realty"; partially own the "DiBenedetto AS Roma LLC" through family trust for 22.5%) and Richard D'Amore (25%) (of "North Bridge Venture Partners" and Veeco). [5]

Veeco American manufacturing company

Veeco Instruments, Inc. is an American manufacturing company that designs, manufactures and markets thin film process equipment for high-tech electronic device production and development.

The new company was planned a complete takeover and de-list the company from Borsa Italiana. However its failed. Zsolt Kohalmi later joined as the fifth member of investment committee of AS Roma SPV, LLC in 2014, made the five members have equal vote in the company, each hold 20% voting rights[ citation needed ] on AS Roma SPV, LCC. Kohalmi represented Starwood Capital Group which joined AS Roma SPV as the fifth shareholder. While Pallotta hold an additional 9% shares on NEEP Roma Holding since 2014 (through Raptor Holdco LLC), made Pallotta became the largest shareholder by indirect and direct ownership of shares, despite by voting rights, AS Roma SPV, LLC still collectively as the largest shareholder (held 91% shares of NEEP after acquiring 31% from UniCredit; NEEP had a majority voting rights and ownership on AS Roma SpA) due to no one having a majority voting rights on the board of AS Roma SPV, LLC.

In business, a takeover is the purchase of one company by another. In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company.

Borsa Italiana Italys main stock exchange

Borsa Italiana S.p.A., based in Milan, is Italy's only stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.

Starwood Capital Group

Starwood Capital Group is an investment firm headquartered in Miami Beach, Florida managed by Barry Sternlicht. It was co-founded by Barry Sternlicht and Robert Faith in 1991. In 1993, Faith left Starwood to found Greystar Real Estate Partners.

Preceded by
Roberto Cappelli
Chairman of A.S. Roma
20112012
Succeeded by
James Pallotta

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References

  1. laroma24.it, ed. (25 April 2011). "'Happy birthday' DiBenedetto! Ma il compleanno di mister Tom è il 3 giugno..." (in Italian). Retrieved 25 April 2011.
  2. http://www.gazzettagiallorossa.it/2012/08/gazzetta-dello-sport-pallotta-e-tua-tra-basket-e-soccer-la-scalata-di-mister-james-per-fare-grande-la-roma/
  3. Forbes https://web.archive.org/web/20111220072628/http://people.forbes.com/profile/thomas-r-dibenedetto/2840. Archived from the original on 2011-12-20.Missing or empty |title= (help)
  4. "CONCLUSO CONTRATTO PER L'ACQUISTO DELLA PARTECIPAZIONE DI CONTROLLO DI AS ROMA S.P.A." (PDF). Di Benedetto AS Roma LLC, Compagnia Italpetroli S.p.A. & Unicredit S.p.A. (in Italian). 16 April 2011.
  5. http://investing.businessweek.com/businessweek/research/stocks/private/person.asp?personId=84385&privcapId=22127&previousCapId=251349&previousTitle=ANADARKO%20PETROLEUM%20CORP