American sport continues to increase its influence on Europe. The American Randy Levinepresident of New York Yankeesbaseball team MLBwas appointed as the new director by the board of directors of AC Milan Italian.
On August 31, the Milan funding has been announced RedBird Capital definitely acquired the ‘rossonero’ club for 1,200 million euros, in an operation in which the American sports franchise also participated Yankee Global Enterprisesowner of New York Yankeesas a minority shareholder.
From this moment, the Milan and the New York Yankees they faked a Business Alliance with the aim of strengthening and internationalizing its own brand further, taking advantage of the momentum both in Europe and the United States.
Today, the union between the two sports entities took a new step and President Levine, key to the success of the Yankees and since 2000 in charge of the baseball team, became part of the board of directors of the current baseball champion. Italy.
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“The Board of Directors of AC Milan has approved the entry of Randy Levinepresident of the New York Yankees, as the new advisor,” the Italian club said in a statement.
“Levine has been president of the Yankees for more than 20 years. and is recognized worldwide as one of the most successful executives in the sports and entertainment industry. Leading one of the world’s most iconic sports teams, Levine has contributed to the franchise’s continued success in terms of on-field performance, trade partnerships and global opportunities to grow and strengthen the New York Yankees brand. .” .
He also played a decisive role in the construction of the new Yankee Stadium, completed in 2009, and revolutionized the delivery of sports content by creating the YES Network.
The Italian Paolo Scaronipresident of Milanassured that “Milan is pleased to welcome Randy Levine to the board of directors.”
“Randy is a leading sports and entertainment professional. He will help us develop new global synergies, in line with the strategic vision of RedBird, which opens up new horizons for the club and its fans,” he added.
The fund of RedBird Capital, an American ‘giant’
RedBird Capitalbased in New York, in addition to being the new owner of Milanowns 85% of Toulouse, from the French first division; and 10% of Fenway Sports Groupan American company – of which basketball player LeBron James is a part – with assets in Liverpool, Boston Red Sox (baseball) and Pittsburgh Penguins (hockey).
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
