The New York Yankees and Boston Red Sox may be Major League Baseball’s most historic rivals, but when it comes to football, they could soon work together. Well, sort of. Yankees plan to join RedBird Capital in takeover of Italian soccer champions AC Milanaccording to Financial Times. RedBird also has a stake in Fenway Sports Group, which owns the Sox as well as Premier League side Liverpool.
Yankee Global Enterprises, along with a Los Angeles-based investment fund called Main Street Advisors, are working with the founder of RedBird Capital to complete the takeover of the legendary football club. RedBird in June reached a deal worth 1.2 billion euros with Milan and Elliott Advisors. If you follow the bouncing ball through all the corporate structures, you end up with a group that owns a stake in the Red Sox, working with the owners of the Yankees to buy AC Milan together. Football, apparently, can make strange marriages.
Paramount+ is the only place you can watch every minute of every Serie A game this season, not to mention select games in Italian. Sign up now with offer code ITALY to get one month free trial. The subscription also gives you access to other sports content, including all UEFA Champions League and Europa League games, NFL on CBS and countless movies and shows. Get all this for free for 1 month with the promo code ITALY.
It is important to note that RedBird’s relationship with AC Milan would be very different from his relationship with the Red Sox or Liverpool. According to The Athletic, RedBird owns around a 10% stake in Liverpool. In this situation, however, they would be the active and controlling investors in the club. RedBird also owns French team Toulouse.
The news comes at an important time for AC Milan as they prepare for a busy week of action. They welcome their rival Inter Milan Saturday in the Derby della Madonnina before facing RB Salzburg in the Champions League group stage on Tuesday. You can follow both matches live on Paramount+.
