In the last hours, AC Milan informed that the American investment fund RedBird Capital acquired for more than 1.3 billion dollars a percentage of more than 70% of its ownership from the British group Elliott Management Corp. American basketball player LeBron James will be one of the new shareholders of the Italian soccer club.
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James owns 10% of the shares of Fenway Sports Group, a firm that includes some franchises in different sports such as the Boston Red Sox of the MLB, the Pittsburgh Penguins of the NHL, the Toulouse club of France's Ligue 1, and Liverpool of the English Premier League. At the same time, RedBird Capital holds 10% of Fenway's shares: this is where LeBron's link arises.
Following the acquisition of Milan by this group that includes LeBron James, the money to make signings will soon be available so the Rossoneri will set about acquiring players.
According to Tutto Mercato, Milan are looking for a reinforcement at left-back to compete with Theo Hernandez and one of the options they are considering is the Mexican Gerardo Arteaga, who plays for Genk of Belgium and has been part of Gerardo Martino's process during the qualification for the World Cup in Qatar.
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