US EditionCardinale explains why he will not currently invest in a USA sports franchise
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Cardinale explains why he will not currently invest in a USA sports franchise
By: Oliver Fisher Gerry Cardinale has admitted that he looked into investing in a USA sports franchise, but that the valuations are currently to high.As Calcio e Finanza writes, Cardinale is the founder of private equity firm RedBird Capital Partners, which controls Serie A club AC Milan and Ligue 1 club Toulouse. He has said he is not currently interested in becoming a majority owner of a team in his homeland, arguing that franchise valuations …
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