AC Milan
AC Milan's Swedish forward Zlatan Ibrahimovic and teammates celebrate after the club clinched the Italian Serie A title last May. www.iol.co.za

AC Milan: New owner RedBird plans to build on last season achievements

The acquisition of Associazione Calcio Milan (“AC Milan”, “Milan” or the “club”) was completed by RedBird Capital Partners (“RedBird”) for €1.2 billion.

For one hundred-and-twenty-three years AC Milan has been synonymous with championship level football.

23 home replica jersey pi4938000 altimages ff 4938302 00ea0f2fff1078b8fcbfalt1 full

AC Milan Puma 2022/23 Home Replica Jersey – Black

US$89.99

Up to 65% off sitewide, use code TURF

Since its founding in 1899, AC Milan has won 19 Serie A Championships, 7 Champions Leagues/European Cups, 7 Supercoppa Italianas, 5 Coppa Italias, 5 European Super Cups, 3 Intercontinental Cups, 2 European Cup Winners’ Cups, and 1 FIFA Club World Cup.

As the new owner of AC Milan, RedBird will continue to invest in all the key areas that will advance the Club’s sporting and commercial interests, building on last season’s achievements that culminated in the club’s Serie A championship. RedBird’s experience in operating and building global sports businesses will ensure that the next chapter in AC Milan’s storied history will build on its current momentum.

Priority areas of focus include supporting the club’s sporting and business leadership to ensure that the team is consistently competitive at the highest levels of football; ensuring that it has the infrastructure and facilities befitting one of the world’s most prominent sporting organisations; and strengthening the Club’s women’s and youth teams, as well as its charitable arm, Fondazione Milan.

The vision for AC Milan is clear

Gerry Cardinale, RedBird Founder and Managing Partner, said: Our vision for Milan is clear: we will support our talented players, coaches and staff to deliver success on the pitch and allow our fans to share in the extraordinary experiences of this historic club. We will look to leverage our global sports and media network, our analytics expertise, our track record in sports stadium developments and hospitality to deliver one goal – maintaining Milan’s place at the summit of European and world football.”

Screenshot 2022 11 02 205850

AC MILAN 21/22 HOME JERSEY BY PUMA

Was US$89.99 Now US$49.99

The deal will also see Yankee Global Enterprises (YGE), owner of the New York Yankees, one of the world’s most valuable sports franchises, enter into a strategic partnership with the club with a minority equity stake in AC Milan.

RedBird has a longstanding relationship with the Yankees and the Steinbrenner family, with whom it is a co-owner of the Yankees Entertainment Sports (YES) Network, the most-watched regional sports network in the United States.

On the partnership with YGE, Mr Cardinale said: We have a multi-decade relationship with the New York Yankees and the Steinbrenner family that has resulted in the creation of some of the most successful businesses in sports, entertainment and hospitality. We are very pleased to continue our partnership with them and will look to explore opportunities together to broaden our fan reach and expand commercial opportunities that are only available to franchises that operate at the highest levels of sports globally.”

The completion of the purchase of Milan takes RedBird’s assets under management to approximately $7.5 billion and adds AC Milan to RedBird’s portfolio of global sports and entertainment investments that include Fenway Sports Group (Liverpool FC, Boston Red Sox, Pittsburgh Penguins), Toulouse FC, the Rajasthan Royals, the YES Network, the SpringHill Company, Skydance Media, the XFL, OneTeam Partners and Dream Sports.

How to Buy AC Milan Fan Token (ACM) | Coinbase

About RedBird Capital

RedBird Capital Partners is a private investment firm focused on building high-growth companies in partnership with entrepreneurs in sports, media, experiential consumer and financial services.

Founded by former Goldman Sachs Partner Gerry Cardinale in 2014, RedBird has over $7.5 billion of assets under management with a highly curated group of blue-chip global institutional and family office investors.

Motley Fool

RedBird’s network of entrepreneurs is central to its investment sourcing and company-building strategy that helps founders achieve their business objectives and long-term vision. Since inception, RedBird has invested in over 30 platform companies and 80 add on acquisitions with total enterprise value exceeding $30 billion. For more information, please go to www.redbirdcap.com.

– Globe Newswire, New York and Milan, Italy

________________________________________

Every month in 2022 we will be giving away one PlayStation 5. To qualify like us on Facebook, TikTok and Subscribe to our Sweet TnT Magazine YouTube channel

Follow on LinkedIn

When you buy something through our retail links, we may earn commission and the retailer may receive certain auditable data for accounting purposes.

You may also like:

Qatar World Cup: Introducing $QFC for best football predictions

Football odds and live streaming on new website by Whataretheodds

US Polo Assn serves teams at 2022 Sentebale ISPS Handa Polo Cup

Great reasons to invest in your own golf cart

5 tips for choosing the right boat engine

Enjoy professional agribusiness development and consultancy services

Anime lovers get free access to ‘BIRDIE WING Metaverse Museum’

Top 5 tips to make your adventure more fun

About Sweet TnT

Check Also

Women gifts: 10 brilliant ideas for her this Christmas

Women gifts: 10 brilliant ideas for her this Christmas

When it comes to buying women gifts, a lot of men are bewildered. You want …

Gift certificates

7 Gift certificates you can give your girlfriend this Christmas

Christmas is a time of giving. It’s also when we have to buy gifts for …

%d bloggers like this: