Hollywood Billionaire’s $600 Million Soccer Investment Sued by New Balance Amidst Rumored Adidas Deal After Losses Around $220 Million

While the Leagues have resumed after the soccer World Cup, the transfer window has blown open many opportunities for the clubs to make changes in their roasters and management. They presented one such opportunity to AS Roma when they decided to make changes to their official kit. According to the reports, AS Roma had made a deal with Adidas. Adidas had already sent out retailers’ info for the season 2023/24, and they included the Italian club AS Roma in this. This had made a rift between them and the former supplier.

According to the reports New Balance had a set deal with AS Roma which they supplied last year and would have a chance to get the contract extended. However, after the new deal, New Balance is looking for legal options to deal with the situation.

New Balance sued the Italian soccer club

According to reports by Sports Promedia, the New Balance deal with AS Roma was signed in 2021. They reported it to be worth 3-4 million USD per season. However, since AS Roma has now shaken hands with Adidas, New Balance has sued the club on the grounds of ignoring the right of first refusal.

According to CalcioFinaza, the former supplier had a clause in their contract with AS Roma, which gave them the chance to match any rival offer and keep the deal. According to the case filed at the International Chamber of Commerce. The firm argued that New Balance would have matched the offer from Adidas and would have gotten the deal.

AS Roma first argued the case, however, it seems that the club is reporting this as a probable loss. Hollywood star Dan Friedkin owned AS Roma closed 2021/22 with a record loss of 232 million USD.

Read More: ‘A Huge Gap in Quality’- Jose Mourinho Turns On AS Roma Squad After Humiliating 6–1 Thrashing

In their last year, they accumulated a debt of 58.3 million USD, which resulted in a total debt being 746 million dollars.

Even Jose Mourinho can’t save them

In Europa League, AS Roma currently is standing in the 2nd spot in their group but, the magical soccer manager is looking to get his old mojo back. Regarded as a magical manager Jose Mourinho had shown time and again that he can pull out magical runs and bring the team to win whatever league he coached on.

Watch this story: From Philippe Coutinho to Eden Hazard: Biggest Transfers of the 21st Century

But from the past couple of years after joining AS Roma, it looks like the star manager is struggling to bring that victory hunger to the team. With debt keep on piling and management going on our legal war. Only time will tell what the future has in store for the Italian club.