AS Roma Owners Blast Squeeze-Out Suit Over Coronavirus Financing

James Pallotta, the billionaire co-owner of the Boston Celtics and Italy’s AS Roma pro soccer club, fired back at a Delaware lawsuit by minority investors in the soccer team’s parent company, who are challenging financing efforts aimed at keeping it afloat during the Covid-19 pandemic.

“The scattershot amended complaint is nothing more than an attempt by disgruntled members of the company” to “accuse defendants of wrongdoing without any basis in fact or law,” Pallotta and his affiliates say in a partly redacted Chancery Court filing made public Thursday.

In addition to Pallotta—who also co-owns Fnatic, a leading eSports franchise—the lawsuit ...