New York Yankees president Randy Levine has joined the board of Serie A soccer giants Milan, it was revealed on Saturday.
The transfer tightens the connection between the 2 sporting titans, with Yankee International Enterprises, which owns the Main League Baseball staff, having acquired a minority stake when funding agency RedBird Capital took possession of Milan final August in a €1.2billion deal.
In an announcement, Milan mentioned: “AC Milan at this time introduced that Randy Levine, president of the New York Yankees, has joined the membership’s board of administrators.
“Mr Levine has been the president of the New York Yankees for over 20 years and is recognised globally as one of the achieved executives within the sports activities and leisure industries.”
Milan chairman Paolo Scaroni mentioned of Levine: “His expertise and experience will combine with ours, contributing to the expansion path of the membership and creating alternatives to increase its world attraction.
“The appointment of Randy will assist us develop new synergies at a worldwide degree, consistent with RedBird’s strategic imaginative and prescient, opening new horizons for the membership and its followers.”
Randy Levine, President of the New York Yankees, has joined the Membership’s Board of Administrators https://t.co/h2OyrLmO5Y
Randy Levine, Presidente dei New York Yankees, entra nel CdA del Milan https://t.co/n2X6DATid1#SempreMilan pic.twitter.com/EW0Mndtz3i
— AC Milan (@acmilan) January 21, 2023
Forbes final yr listed the Yankees, owned by the Steinbrenner household, because the fourth most useful sports activities staff on the earth, with an estimated worth of $6billion.
Seven-time European champions Milan gained Italy’s Serie A title in 2021-22, ending an 11-year wait. They entered this weekend sitting second within the 2022-23 championship, with Napoli the leaders.