According to the Financial Times, the Los Angeles Lakers star LeBron James, rapper Drake, and the New York Yankees will take part in the €1.2 billion acquisition of Italian club AC Milan.
“The New York Yankees baseball franchise and a Los Angeles investment fund are investing in AC Milan alongside US private equity group RedBird, which is closing in on the €1.2bn acquisition of Italy’s football champions, two people with direct knowledge of the matter said,” Samuel Agini, James Fontanella-Kahn and Sara Germano of the Financial Times reported.
“The baseball team, owned by the Steinbrenner family, and Main Street Advisors, the LA-based fund that counts among its investors basketball star LeBron James, famed music producer Jimmy Iovine and rapper Drake, will become shareholders in the Serie A team, those people said.”
