Cardinal: “We want to keep the club on top of European and world football” AC Milan (ITALPRESS) – Signatures have arrived and Milan from today is wholly owned by RedBird Capital Partners, which completed the acquisition of the club for 1, 2 billion euros. “As the new owner of AC Milan, RedBird will continue to invest in all key areas to further the club’s sporting and commercial interests, building on the results achieved last season, which culminated in winning the Serie A championship – yes you read the note – will ensure RedBird’s expertise in managing and building activities The world sporting world hopes that the current momentum will take on even more strength in the next chapter in the legendary history of Milan.” “Our vision for Milan is clear – words from new owner Jerry Cardinale, founder and managing partner of RedBird – we will support our talented players, coaches and staff in their commitment to achieving success on the pitch and enabling our fans to share the extraordinary experiences of this historic club. We will make sure to capitalize on our global sports and media network, and our expertise In collecting and analyzing data, we have track record in stadium and hospitality development with one goal: to keep Milan at the top of European and world football.” The deal will also see Yankee Global Enterprises (YGE) – owner of the New York Yankees, one of the world’s largest sports franchises – in a strategic partnership with the club with a minority stake. RedBird has a longstanding relationship with the Yankees family and the Steinbrenner family, with which he co-owns Yankees Entertainment Sports (YES), the most followed regional sports network in the United States. Cardinale adds: “We have a decades-old relationship with the New York Yankees and the Steinbrenner family, which has led to the creation of some of the most successful companies in the sports, entertainment and hospitality industries. of fans and expanding business opportunities available only to companies operating at the highest levels of global sport.” Milan press office photo (ITALPRESS). glb/com 31-Aug-22 15:04
