New York Yankees president Randy Levine has joined the board of Serie A football giants Milan, it was revealed on Saturday.
The move tightens the connection between the two sporting titans, with Yankee Global Enterprises, which owns the Major League Baseball team, having acquired a minority stake when investment firm RedBird Capital took ownership of Milan last August in a €1.2billion deal.
In a statement, Milan said: “AC Milan today announced that Randy Levine, president of the New York Yankees, has joined the club’s board of directors.
“Mr Levine has been the president of the New York Yankees for over 20 years and is recognised globally as one of the most accomplished executives in the sports and entertainment industries.”
Milan chairman Paolo Scaroni said of Levine: “His experience and expertise will integrate with ours, contributing to the growth path of the club and creating opportunities to expand its global appeal.
“The appointment of Randy will help us develop new synergies at a global level, in line with RedBird’s strategic vision, opening new horizons for the club and its fans.”
Randy Levine, President of the New York Yankees, has joined the Club’s Board of Directors https://t.co/h2OyrLmO5Y
Randy Levine, Presidente dei New York Yankees, entra nel CdA del Milan https://t.co/n2X6DATid1
— AC Milan (@acmilan)
Forbes last year listed the Yankees, owned by the Steinbrenner family, as the fourth most valuable sports team in the world, with an estimated value of $6billion.
Seven-time European champions Milan won Italy’s Serie A title in 2021-22, ending an 11-year wait. They entered this weekend sitting second in the 2022-23 championship, with Napoli the leaders.