LeBron James 'buys' AC Milan

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The new owner of AC Milan is called Gerry Cardinale but behind him there is a long list of investors involved in the purchase of the Rossoneri.

One of them is LeBron James, who has become a regular in sports investments.

This is reported by the Financial Times in an extensive report that serves to see how the change of ownership of Milan is completed, a process that began in May of this year 2022.

Cardinale is leading the purchase of Milan from the Elliott Fund (also American) for a total of around 1.2 billion euros.

In this way, the reigning Scudetto champions change hands while maintaining the essence: to continue with a project that is financially stable and always functioning on the pitch. Paolo Maldini and his team will remain in charge of the sporting area, so no change of direction is foreseen.

LeBron, the Yankees...

However, LeBron is not the only one who will be involved in the Milan takeover. There will be the New York Yankees, owned by the Steinbrenner family... and Main Street Advisors, the Los Angeles-based fund that counts LeBron, famed music producer Jimmy Lovine and rapper Drake among its investors.

As the Financial Times explains, RedBird will announce its new partners on Wednesday, when the deal to buy the Italian club should be finalised.

LeBron James already has a long association with Cardinale, considering that RedBird is a shareholder in SpringHill (associated with LeBron) and Fenway Sports Group, which controls Liverpool and the Boston Red Sox.

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