Published 1 year ago

US investment fund RedBird completes 1.2 billion euro AC Milan takeover

Summary by Ground News

The New York Yankees are becoming a minority investor in Italian champion AC Milan. It will be the second soccer team the baseball power will partially own after MLS's New York City. A Los Angeles-based fund that includes LeBron James also is becoming a minorities investor. RedBird is nearing a deal to purchase a controlling interest in Milan for 1.2 billion euros.

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Times of India

RedBird teams up with Yankees owners to complete AC Milan takeover

US investment firm RedBird Capital has teamed up with the owners of the New York Yankees to complete the 1.2 billion euro ($1.20 billion) acquisition of Italian soccer champions AC Milan, it said in a statement on Wednesday.

1 year ago·India

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The Hindu

RedBird Capital completes AC Milan takeover for USD 1.2 billion

Among other sports teams owned by RedBird Capital are Liverpool FC, Toulouse and the Boston Red Sox.

1 year ago·India

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Reuters

Soccer RedBird partners with Yankees owners to complete AC Milan takeover

U.S. investment firm RedBird Capital has joined forces with the owners of the New York Yankees to complete the 1.2 billion euro ($1.2 billion) acquisition of Italian soccer champions AC Milan, it said in a statement on Wednesday.

1 year ago·United Kingdom

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CTV News

Yankees, LeBron James to invest in AC Milan soccer team

Baseball's elite are getting involved with one of Europe's most celebrated soccer clubs. The New York Yankees are becoming a minority investor in Italian champion AC Milan, the second soccer team the baseball power will partially own after MLS's New York City.

1 year ago

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CBC News

NY Yankees among co-investors in takeover of renowned Italian soccer club AC Milan

AC Milan announced the closing of its latest ownership change Wednesday, which involves a minority stake for Major League Baseball's New York Yankees.

1 year ago·Canada

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