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Liverpool Echo
Liverpool Echo
Sport
Dave Powell

Liverpool and FSG investors RedBird make New York Yankees move with AC Milan

FSG RedBird AC Milan Yankees New York Yankees Yankee Gerry Cardinale Milan Jurgen Klopp New York

RedBird Capital Partners, 11 per cent stakeholders in Liverpool owners Fenway Sports Group, are to announce key investors ahead of their formal takeover of AC Milan.

RedBird, who acquired their stake in FSG in March of 2021 for a $750m sum, are set to close on the takeover of last year's Serie A champions AC Milan, with the Gerry Cardinale-led private equity firm having reached a deal to buy the club from US investment fund Elliott Management earlier in the summer for around £1bn.

A formal takeover was completed on Wednesday and RedBird has been busy in bringing in new investment after striking a deal with the New York Yankees baseball franchise and Los Angeles-based Main Street Advisors, a fund that counts FSG partner LeBron James among their investors.

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