Thomas Richard DiBenedetto (Boston, 3 June 1949), 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.
Boston is the capital and most populous city of the Commonwealth of Massachusetts in the United States. The city proper covers 48 square miles (124 km2) with an estimated population of 685,094 in 2017, 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-largest in the United States.
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.
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 team.
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 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 5 European Cups, more than any other English club, 3 UEFA Cups, 3 UEFA Super Cups, 18 League titles, 7 FA Cups, a record 8 League Cups, and 15 FA Community Shields.
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.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 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 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).
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 all over the world.
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, [ 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 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 is an investment firm headquartered in Greenwich, Connecticut 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.
| Chairman of A.S. Roma |
Preferred stock is a form of stock which may have any combination of features not possessed by common stock including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument. Preferred stocks are senior to common stock, but subordinate to bonds in terms of claim and may have priority over common stock in the payment of dividends and upon liquidation. Terms of the preferred stock are described in the issuing company's articles of association or articles of incorporation.
A subsidiary, subsidiary company or daughter company is a company that is owned or controlled by another company, which is called the parent company, parent, or holding company. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a government or state-owned enterprise. In some cases, particularly in the music and book publishing industries, subsidiaries are referred to as imprints.
Ping An Insurance known also as Ping An of China, full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese holding conglomerate whose subsidiaries mainly deal with insurance, banking, and financial services. The company was founded in 1988 and has its headquarters in Shenzhen. "Ping An" literally means "safe and well".
The phrase street name securities or "nominee name securities" is used in the United States to refer to securities of companies which are held electronically in the account of a stockbroker or bank or custodian, similar to a bank account. The entity whose name is recorded as the legal owner of the securities is known as the "nominee owner," and that entity has ownership rights in the security. The nominee owner holds those ownership rights on behalf of the true economic owner who is referred to as the beneficial owner. In the US, Cede & Co., a nominee of Depository Trust Company, is typically the largest stockholder of a company. In the US where Cede & Co. is the street name holder, therefore, all beneficial rights such as voting rights and dividends flow first to the nominee holder Cede, and then are passed onward, and ultimately to the beneficial owners. In the United Kingdom this is known as holding shares in a nominee account.
Investment management is the professional asset management of various securities and other assets in order to meet specified investment goals for the benefit of the investors. Investors may be institutions or private investors.
BlackRock, Inc. is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is today the world's largest asset manager with $5.98 trillion in assets under management as of December 2018. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
Share repurchase is the re-acquisition by a company of its own stock. It represents a more flexible way of returning money to shareholders.
Capitalia was an Italian banking group headquartered in Rome. The bank was a listed company in Borsa Italiana. The bank was acquired by UniCredit by issuing news shares of UniCredit for shares of Capitalia.
The history of Associazione Sportiva Roma begins with its founding in the summer of 1927 by Italo Foschi, who initiated the merger of three older Italian Football Championship clubs from the city of Rome; Roman, Alba-Audace and Fortitudo. The purpose of the merger was to give the Eternal City a strong club to rival that of the more dominant Northern Italian clubs of the time. The only major Roman club to resist the merger was Lazio, which was already a well established sporting society.
ENIC Group is a British investment company, focused on the sports and media sectors. ENIC is owned by Joe Lewis and Daniel Levy. ENIC's Bahamas-registered subsidiary, ENIC International Limited, currently holds 85.55% of the total issued share capital of English Premier League club, Tottenham Hotspur.
Porsche Automobil Holding SE, usually shortened to Porsche SE, is a German holding company with investments in the automotive industry. Porsche SE is headquartered in Zuffenhausen, a city district of Stuttgart, Baden-Württemberg and is owned by the Austrian Porsche and Piëch families. The company was founded in Stuttgart as Dr. Ing. h.c. F. Porsche GmbH in 1931 by Ferdinand Porsche (1875–1951) and his son-in-law Anton Piëch (1894–1952).
Rosella Sensi is an entrepreneur and Italian professional sports executive. She was the chairperson of the Italian professional football (soccer) club Associazione Sportiva Roma from 2008 to 2011.
Corporate law in Vietnam was originally based on the French commercial law system. However, since Vietnam's independence in 1945, it has largely been influenced by the ruling Communist Party. Currently, the main sources of corporate law are the Law on Enterprises, the Law on Securities and the Law on Investment.
Banca Cassa di Risparmio di Torino S.p.A. known as Banca CRT, or Caritorino, was an Italian savings bank based in Turin, Piedmont. In 1997, the bank joined Unicredito banking group, as well as in 1998 followed the group to merge with Credito Italiano to form UniCredito Italiano. In 2002 Banca CRT was absorbed into the parent company.
Banca del Mezzogiorno – MedioCredito Centrale S.p.A. (MCC) is an Italian bank based in Rome, Lazio region. The bank is a subsidiary of Poste italiane. The bank was specialized in medium-term loan to companies, which developed into corporate and investment banking, and currently specialized in public sector, such as one of the manager of Fondo di Garanzia per le Piccole e Medie Imprese of the Ministry of Economic Development, and European Union's Joint European Resources for Micro to Medium Enterprises Calabria Fund. The bank lend medium-term loan from the fund to SMEs for Italian government and the European Union.
doBank S.p.A. is an Italian bank based in Verona, Veneto region. The bank was known as UniCredit Credit Management Bank until 2015. In 2015 the company was acquired by private equity funds of Fortress Investment Group. Soon after the company started their initial public offering; the bank became a component of FTSE Italia Mid Cap Index in August 2017.
Fondazione Roma formerly Fondazione Cassa di Risparmio di Roma is a charity organization based in Rome, Italy. The organization was re-founded as a banking foundation in 1991, by spin-off its banking activities to merge with other Roman banks to form Banca di Roma S.p.A.. The foundation remained as a shareholder of UniCredit, the banking group that acquired Capitalia in mid-2007. As at 31 December 2006, the foundation was the second largest shareholder of Capitalia for 5.02% stake.