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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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MY Northwest broke the news in Tacoma, United States on Tuesday, August 30, 2022.
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