Earlier this month RedBird Capital Partners clinched a deal to acquire a majority stake in Italian giants AC Milan.
It saw Milan become the second European football club to have majority ownership by RedBird, who had paid $750m in March 2021 to acquire an 11 per cent stake of Fenway Sports Group, Liverpool FC's owners. That deal saw the New York-based investment become the third largest shareholders in FSG and, ergo, minority owners of Liverpool FC, the Boston Red Sox, the Pittsburgh Penguins and RFK Racing, among other related businesses.
RedBird, founded by managing partner Gerry Cardinale in 2014, had already entered into European football before the acquisition of Milan and the part ownership of the Reds through FSG, buying a controlling stake in French second-tier side Toulouse in the summer of 2020. Cardinale installed former Liverpool sporting director Damien Comolli to head up that operation and 'Les Violets' have returned to Ligue 1 after securing the Ligue 2 title last month.
