RedBird Capital and Gerry Cardinale are showing no signs of slowing down in the expansion of their portfolio as a new billion dollar fund has been created, a report claims.
According to the website The Ankler (via PianetaMilan), RedBird Capital Partners are ready to launch a new $1billion dollar fund for sports. Cardinale’s company are currently in talks with former CNN president Jeff Zucker, with the latter having the task of leading the new fund.
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RedBird ‘s recent investments (in addition to Milan) include a stake in Skydance Media, a partnership with Dwayne Johnson (AKA The Rock) and Dany Garcia to purchase – and relaunch – XFL, an American football league founded by former WWE CEO Vince McMahon.
It also includes a partnership with Epic Games (a video game development company that produced Fortnite among other titles) and Nike to acquire a stake in SpringHill, the production company founded by LeBron James and Maverick Carter.
Great… get ready for Milan to go woke.
🥱 (sbadiglio), (yawn). Time for bed @zorocaloro.