Italian League News: AC Milan new owner Gerry Cardinale has revealed the club’s project looks like a joint between the other two teams currently under the auspices of RedBird Capital.
RedBird has invested heavily in sports-related businesses in recent times, such as Dream Sports India, the lucrative fantasy cricket competition, and Toulouse. They also bought a roughly 10% stake in Fenway Sports Group (FSG), which has owned Liverpool for the past decade.
The challenge now is to continue the excellent performance with the Rossoneri from former owner Elliott Management, who inherited the club in 2018 after Yonghong Li defaulted on its debts. They started by limiting spending, investing smarter and increase revenue, which has helped improve the club’s balance sheet.
Cardinale was present at the Invest in Sports event in New York last Wednesday (10/19) and was asked how his investment and previous experience would sharpen his plans for Il Diavolo.
“Investing in Milan is a combination of the experiences I had with Liverpool and Toulouse. Clubs are now entertainment companies. What I learned with the Yankees and the Red Sox is that you can’t always win. That’s also the beauty of sport,” he said.
“Milan won a Scudetto and the hope is to do it again, but in the Champions League now we see there is a big difference with the Premier League.
“Ownership with different clubs in different sports is interesting, I think that way you can have strategic advantages. Through synergy, you can grow. Everything is very theoretical but there is logic in my opinion.”
Article tags: Cardinal, Milano, liverpool, Toulouse
Published by Ligaolahraga.com at https://www.ligaolahraga.com/bola/cardinale-sebut-project-milan-bak-ikutan-liverpool-dan-toulouse
