RedBird, the American investment fund that acquired AC Milan last summer, is expanding its sports portfolio.
In fact, founder of RedBird, Gerry Cardinale, and the Rossoneri patron, has decided to invest in American football and has founded a new alternative league called 'XFL', alongside entrepreneur Dany Garcia and Dwayne The Rock Johnson.
The 15 million dollars project, which was initially set to launch in 2020, aims to bring new playing modes and alternative rules to the sport. This latest move from RedBird showcases the fund's appetite for investing in the sports industry, as pointed out by Calciostyle.it.
