September 27, 2022

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MN EXCLUSIVE – Not just the Yankees and MSA, here are two other big investors in RedBird’s Milan Venture

MilanNews.it

Following FT previews, which talk about the baseball franchise of the New York Yankees (owned by the Steinbrenner family) and Main Street Advisors, a Los Angeles investment fund (which also includes NBA star LeBron James, producer Jimmy Iovine and rapper Drake), the editorial team can At MilanNews.it exclusively reveal the names of two large groups of investors who will join RedBird in Milan.

It is located around Kaiser permanenta $100 billion US conglomerate operating in the medical industry, and lasiraLos Angeles County Pension Fund.

The two groups are “institutional investors” of RedBird, who have invested more in this Milan project that has a separate dynamic in the fund headed by Cardinale. RedBird hasn’t gone to the market looking for investors, but it does have “institutional investors” asking them if they intend to invest separately in the Rossoneri club.

However, for the record, we have been informed that sources close to RedBird – at this time – do not confirm the described situation that MilanNews.it has learned from reliable and informed sources on the case.

Also confirmed the existence of Ricardo Silva, the only Italian in a group of about a dozen investors, president and owner of Miami FC (with whom there will be synergies). Silva, a huge fan of the Rossoneri and a great friend of the Cardinal’s family, can also be considered the guarantor of Milan fans in this change of ownership.

Among the pledges in the Milan deal are Ramzi Muslim and Hugh Evans, CEO/managing partner and managing partner of the fund. Veritas Capital which manages $40 billion in assets, but has personally invested in the file.

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On the subject of the stadium, at the moment RedBird’s intention is to go to a sports facility alone, without the Nerazzurri club, on the site, also due to the lack of cooperation shown by Inter and the Milan municipality. Sesto San Giovanni.

The closing date is set for tomorrow.

by Manuel del Vecchio