Longtime Yankees president Randy Levine joins AC Milan’s board of administrators after New York buys stake in Italian soccer giants
New York Yankees president Randy Levine has joined AC Milan’s board of administrators, the soccer membership introduced on Saturday.
The transfer comes practically 5 months after the Yankees purchased a minority stake in Milan and Redbird Capital Companions took management of the seven-time European champion for $1.3 billion.
“For greater than 20 years, it has been a privilege to have a novel and profitable partnership with the New York Yankees and the Steinbrenner household, most not too long ago the Yankees’ funding with Redbird in AC Milan,” stated Redbird Founder and Managing Associate Gerry Cardinale. additionally consists of.”
New York Yankees President Randy Levin Has Joined AC Milan’s Board Of Administrators
The transfer comes practically 5 months after the Yankees purchased a minority stake in Milan
‘I’m thrilled to welcome Randy Levine to AC Milan’s board and stay up for constructing a world collaboration between the Yankees and AC Milan.’
In the meantime, AC Milan president, Paolo Scaroni, stated: ‘The membership is happy to welcome Randy Lewin to the Board of Administrators. Randy is a number one skilled within the subject of sports activities and leisure.
‘His expertise and experience will combine with ours, contributing to the membership’s progress path and creating alternatives to develop its international enchantment.
AC Milan president, Paolo Scaroni, claimed Levine would ‘contribute to the event’ of the membership
‘Randy’s appointment will assist us develop new synergies on a world scale, in step with Redbird’s strategic imaginative and prescient, opening new horizons for the membership and its followers.’
Levine was the Yankees’ president for greater than 20 years and was instrumental within the improvement of the brand new Yankee Stadium, accomplished in 2009.
Milan’s board now consists of Cardinale, Levine, Milan Chairman Paolo Scaroni, Milan CEO Giorgio Furlani, Milan CFO Stefano Cocciorio, Redbird Associate Alec Skinner, Redbird Principal Neeraj Shah, Redbird Vice President Isaac Hallard and Elliott Managing Associate Gordon Singer. , which managed Milan previous to the sale to Redbird.