New York Yankees join Boston Red Sox stakeholders RedBird Capital in AC Milan takeover
Tue, Aug 30, 2022
Soccer News (AP)
The New York Yankees and Boston Red Sox may be the most storied rivals in Major League Baseball rivals, but when it comes to soccer they could soon be working together. Well, sort of. Yankees are planning to join RedBird Capital in the takeover of Italian soccer champions , according to the Financial Times. RedBird also own a stake in Fenway Sports Group, which owns the Sox as well as Premier League team Liverpool.'
Yankee Global Enterprises, along with a Los Angeles-based investment fund, are working with the founder of RedBird Capital to complete the takeover of the legendary soccer club. RedBird agreed to a deal worth €1.2 billion in June to by Milan from Elliott Advisors. If you follow the bouncing ball through all of the corporate structures what you end up with is a group that owns a stake in the Red Sox, working with the ownership of the Yankees to buy AC Milan together. Soccer, apparently, can make strange bedfellows.
Paramount+'is the only place to watch every minute of every Serie A match this season, not to mention select games in Italian.'Sign up now with offer code ITALY'to get a special one month free trial. A subscription also gives you access to other sports content including every UEFA Champions League and Europa League match, the'NFL'on AP, and countless movies and shows. Get it all free for 1 month with promo code'ITALY.
It's important to note that RedBird's relationship to AC Milan would be quite different than their relationship to either the Red Sox or Liverpool. They own a stake believed to be around 10 percent of Liverpool, according to The Athletic. In this situation, however, they would be the active, controlling investors of the club. RedBird also own French team Toulouse.'
The news comes at a big time for AC Milan as they prepare for a busy week of action. They host rival on Saturday in the Derby della Madonnina before facing RB Salzburg in the Champions League group stage on Tuesday. You can watch both of those matches live on'Paramount+.
