NY Yankees among co-investors in takeover of renowned Italian soccer club AC Milan
AC Milan announced the closing of its latest ownership change Wednesday, which involves a minority stake for the New York Yankees.
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AC Milan announced the closing of its latest ownership change Wednesday, which involves a minority stake for the New York Yankees.
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New York Yankees to complete the 1.2 billion euro ($1.20 billion) acquisition of Italian soccer champions AC Milan, it said in a statement on Wednesday. Yankee Global Enterprises (YGE), owner of the New York baseball team, will take a minority equity stake in the former European champions Milan as part of the deal to acquire the club from US private equity group Elliott.
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