AC Milan announced last Saturday the entry of Randy Levine, President of the New York Yankees MLB franchise, to its board of directors. An appointment that says a lot about the growth strategy that the management of the Lombard club wants to put in place in the medium term. Decryption.
Will the internationalization of the composition of the boards of directors of sports properties be one of the consequences of timeshare in sports (MCO)? In any case, AC Milan seems to be following this path by appointing American leader Randy Levine, President of the famous New York Yankees baseball franchise for more than 20 years, last Saturday. An entry to the board of directors which follows the acquisition of AC Milan concluded last August and led by the American fund RedBird Capital Partners. Transaction that also involved Yankee Global Enterprises, parent company of the Yankees, through the acquisition of a stake in the Rossoneri.
The appointment of Randy Levine strengthens the American delegation within the Board of the mythical Milanese club. In addition to the various representatives of Red Bird who have been sitting on the Board of Directors of AC Milan for several months already, such as Gerry Cardinale or financial profiles such as Isaac Halyard; the club had already integrated (former) US franchise managers into its governing body. Like the profile of Alec Scheiner, former President of the Cleveland Browns (NFL) or former Vice-President of the Dallas Cowboys (NFL).
