Lebron James, Drake Buy into AC Milan Stakes

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The deal will also see Los Angeles-based investment firm Main Street Advisors, which includes NBA star, LeBron James and Drake be passive investors in Milan through Main Street Advisors, while they would not own a direct stake in the club.


Investing in soccer business, New York Yankees and a firm backed by NBA superstar LeBron James and Hip-pop start, Drake, are closing in on a deal to become minority investors in Italian soccer club AC Milan, bringing together some of the most prominent properties in sports globally.

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The Yankees’ investment arm Yankees Global Enterprises and the James-backed California bank Main Street Advisors are joining private equity firm RedBird Capital Partners’ $1.2 billion takeover of AC Milan, as reported in the media.

Meanwhile, the move represents a partnership between some of the most valuable properties in all of sports: the Yankees are the world’s most valuable baseball team at $6 billion, AC Milan is the 14th most valuable soccer team at $1.2 billion and James is the second highest-paid athlete in the world with $121.2 million in annual earnings, all according to Forbes’ estimates.

The deal will also see Los Angeles-based investment firm Main Street Advisors, which includes NBA star, LeBron James and Drake be passive investors in Milan through Main Street Advisors, while they would not own a direct stake in the club.

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LeBron is no stranger to the world of sports franchise ownership, as he already owns stakes in the Boston Red Sox, Pittsburgh Penguins, and Liverpool. The Yankees meanwhile, are already involved in ‘soccer’ as co-owners along with Manchester City of New York City FC in Major League Soccer.

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