US billionaire Dan Friedkin has signed a deal worth 591m euros (£532m) to take over Serie A side Roma.

"We look forward to closing the purchase as soon as possible and immersing ourselves in the AS Roma family," said Friedkin.

It is anticipated that the deal with go through by the end of August.

It is Friedkin's first significant investment in a sport. He has business interests in the car, entertainment and hospitality industries.