AC Milan announces ownership change involving the NY Yankees

“We have a multi-decade relationship with the New York Yankees and the Steinbrenner family that has resulted in the creation of some of the most successful businesses in sports, entertainment and hospitality,” Cardinale said in a statement on Milan’s website.

“We are very pleased to continue our partnership with them and will look to explore opportunities together to broaden our fan reach and expand commercial opportunities that are only available to franchises that operate at the highest levels of sports globally.”

The closing comes just in time for Cardinale to make his debut as Milan’s new president at Saturday’s derby against city rival Inter Milan.

“Our vision for Milan is clear: we will support our talented players, coaches and staff to deliver success on the pitch and allow our fans to share in the extraordinary experiences of this historic club,” Cardinale said.

“We will look to leverage our global sports and media network, our analytics expertise, our track record in sports stadium developments and hospitality to deliver one goal — maintaining Milan’s place at the summit of European and world football.”

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Andrew Dampf is at https://twitter.com/AndrewDampf

Andrew Dampf, The Associated Press

by Canadian Press

AC Milan announces ownership change involving the NY Yankees

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