Randy Levine, president of the New York Yankees, joins AC Milan's board of administrators – Marca English

Randy Levine, president of the MLB‘s New York Yankees, has been appointed as a brand new advisor to AC Milan‘s board of administrators.

On 31 August, the Italian membership introduced that the RedBird Capital fund had definitively bought the Rossoneri for 1.2 billion euros. It was a deal by which Yankee World Enterprises, proprietor of the New York Yankees, additionally participated as a minority shareholder.

From that second on, Milan and the New York Yankees cast a business alliance with the goal of additional strengthening and internationalizing their respective manufacturers by constructing on the momentum of each groups in Europe and america.

Now, the union between the 2 sports activities golf equipment has taken a brand new step and President Levine, a key participant within the success of the Yankees since 2000, has joined the board of administrators of the present Italian champions as an advisor.

“The AC Milan board of administrators accredited the appointment of Randy Levine, president of the New York Yankees, as a brand new board member,” the Italian membership stated in a press release.

“Levine has been president of the Yankees for greater than 20 years and is acknowledged worldwide as one of the profitable executives within the sports activities and leisure business.

“On the helm of one of many world’s most iconic sports activities groups, Levine has contributed to the continued success of the franchise when it comes to on-field efficiency, enterprise partnerships and international alternatives to develop and strengthen the New York Yankees model.

“He was additionally instrumental within the improvement of the brand new Yankee Stadium, accomplished in 2009, and revolutionized the supply of sports activities content material by means of the creation of the YES Community.”

Italian Paolo Scaroni, president of Milan, gave his personal feedback in a separate assertion, welcoming the American to AC Milan.

“Milan is delighted to welcome Randy Levine to the board. He’s a number one skilled in sport and leisure. He’ll assist us develop new international synergies, in step with RedBird’s strategic imaginative and prescient, opening new horizons for the membership and its followers,” Scaroni declared.

RedBird Capital, along with being the brand new proprietor of AC Milan, owns 85% of Ligue 1 membership Toulouse and 10% of Fenway Sports activities Group, an organization part-owned by LeBron James, with shares in Liverpool, the Boston Purple Sox and the Pittsburgh Penguins.