Yankee Global Enterprises, the LLC that owns the New York Yankees, is reportedly joining the RedBird Capital takeover of Italian soccer club AC Milan, per the Financial Times (h/t James Horncastle) of The Athletic.
RedBird Capital agreed to a €1.2billion ($1.2 billion) takeover of the defending Serie A champions in June from Elliott Advisors, which will retain two seats on the club's board.
This article will be updated soon to provide more information and analysis.
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