RedBird Capital Partners have now confirmed that they completed a takeover worth €1.2 billion of Milan.
RedBird founder Gerry Cardinale has now released a statement about the same, confirming that they want the Rossoneri to grow on the pitch and support their talented bunch of players. He also stated that RedBird want to leverage the club’s media and digital network, while enhancing the analytics experiences.
Yankee Global Enterprises, who also own New York Yankees also have a minority stake in Milan and it is stated that RedBird have always had a close relationship with YGE and the Steinbrenner family over the years.
As a result of the takeover, RedBird’s enterprises’ value has crossed over €7 billion and that includes Fenway Sports Group, who also own Liverpool and Boston Red Sox. RedBird have also invested in Ligue 1 side Toulouse FC, IPL cricket outfit Rajasthan Royals and the YES Network.