In RedBird's future, there might not only be Milan and football. The American company, founded by Gerry Cardinale, would be interested in taking a new and significant step in the sports world, aiming to enter the world of Formula 1. According to Bloomberg, the Americans have reportedly initiated negotiations with Alpine, a part of the Renault group, to acquire a minority stake and venture into the world of motorsport. The announcement of their entry into the company could come in the next few days.
While controversy grows among Milan fans over the sale of Sandro Tonali to Newcastle, Gerry Cardinale seems ready to expand his investment horizons. From football to the world of motorsport, this seems to be the path that RedBird wants to undertake.
Bloomberg reports on the intention and initiation of negotiations with Alpine, but as of now, they have not yet been concluded.
Both parties have set a deadline for themselves, which is June 26, when Alpine has organised an event in Enstone, United Kingdom. It is during this event that the deal may or may not be finalised, with RedBird intending to acquire a minority stake in the company, as relayed by SportMediaset's website.
