AC Milan’s owners RedBird Capital Partners will soon sell their 40% stake in player intellectual property licensing business OneTeam, report claims.
According to Sportico plus Calcio e Finanza (via MilanNews), RedBird will sell their shares in OneTeam which is now valued at $1.9bn, according to multiple people familiar with the transaction.
Upon RedBird’s exit from the firm, HPS Investment Partners, Atlantic Park and Morgan Stanley Tactical Value are investing into OneTeam, but it is not clear if the co-founding entities – the MLB Players Association and the NFL Players Association – are adding to their combined 60% stake.
Based on the deal valuation and RedBird’s estimated stake, Milan’s owners should therefore register a profit of around $600m which represents a more than 500% return compared to what they initially invested after OneTeam was formed in mid-2019 by the MLBPA and NFLPA.
What RedBird intend to do with the money is of course unknown at this stage, as is the prospect of it having any bearing on the running of Milan.
600m transfer kitty in January, Lets goooooooo
🤣🤣🤣🤣😂😂😂
Stadium…
And in the meantime it can be used as emergency cash to pay for the vendor loan in case other investors withdraw from the deal.
Why Milan owner after Berlusconi all poor and associated with loarner.. how can we get a fresh fund for mercato or build a stadium.. a just hope the new owner has oil money…
They need to pay loan. If not the big jaw will take over milan
Let go January
🤣🤣🤣🤣 this owners are broke, they couldn’t even pay us
This will not be used for Milan. They will use it for more yachts.
Gazda je kupio klub i od njega ima namjeru da zaradi !!! Igrači su plačeni da igraju . Naše želje su daleko od svega toga !