One of the largest US investment funds in the world in the sports sector is about to enter Japan. Nikkei, a major Japanese financial newspaper, reports that the Japan Development Bank (Development Bank of Japan, DBJ) will soon invest in a fund managed by RedBird and act as an intermediary.
RedBird will provide the Land of the Rising Sun with its expertise in leveraging intellectual property and its know-how in using data acquired through the management of numerous sports teams, including AC Milan, as relayed via Milan News. Gerry Cardinale's fund intends to strengthen the Japanese sports world's "ability to generate profits".
