AC Milan announce New York Yankees president as a new board member
New York Yankees president Randy Levine has joined the board of the Italian club AC Milan.
confirmed on Saturday that New York Yankees president, Randy Levine has joined the club's board of directors. Levine has been the president of the New York Yankees for 0ver 20 years.
Investment firm RedBird Capital brought Milan last August in a €1.2 billion deal and Yankee Global Enterprises which owns New York Yankees also acquired a minority in Milan.
In a statement, Milan said:
"AC Milan today announced that Randy Levine, president of the New York Yankees, has joined the club's board of directors.
"Mr Levine has been the president of the New York Yankees for over 20 years and is recognised globally as one of the most accomplished executives in the sports and entertainment industries."
Milan's chairman Paolo Scaroni said of Levine:
"His experience and expertise will integrate with ours, contributing to the growth path of the club and creating opportunities to expand its global appeal.
"The appointment of Randy will help us develop new synergies at a global level, in line with RedBird's strategic vision, opening new horizons for the club and its fans.”
According to Forbes, the Yankees are the fourth most valuable sports team in the world, with an estimated value of $6 billion. The Steinbrenner family are the owners of the Major League Baseball team.
Milan won Serie A title last season after 11 years.
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