Raimondo: RedBird Capital ‘seeking an active partner’ for ‘Flagship Fund’ Milan

2 weeks ago 18

A alternatively absorbing revelation has travel to airy regarding RedBird Capital’s authoritative statement of AC Milan.

RedBird acquired Milan aft the 2021-22 play from different money successful Elliott Management. They embarked connected a ngo to crook the Rossoneri into a sports and amusement marque alternatively than conscionable a shot club, though connected the tract things haven’t gone the best.

Speculation has emerged each present and again that Gerry Cardinale is looking for imaginable investors from overseas (the Middle East being mentioned the most) to bargain a involvement successful the club, though determination are often instant denials.

Now, the lawyer and writer Felice Raimondo has picked retired thing intriguing from the RedBird website regarding however Milan are labelled.

“On the RedBird Capital website, Milan is referred to arsenic the ‘Flagship Fund’. In different words, the flagship investment.

“By conducting research, it is imaginable to observe that the flagship money is typically the longest-standing, largest, oregon astir well-known money offered by an concern absorption company.

“It often bears the company’s sanction and serves arsenic a typical illustration of its attack and concern capabilities. In essence, it is the ‘leading’ fund, embodying the company’s halfway concern doctrine and often attracting the largest magnitude of assets.

“In the lawsuit of Milan, this concern is described arsenic ‘seeking an progressive spouse to beforehand semipermanent maturation and execute strategical objectives’ (the different flagship money is Talent Systems, a starring bundle level for actors and casting directors, which provides workflow exertion and a marketplace that enables the discovery, selection, and hiring of endowment for film, television, advertising, theater, and integer productions).

“Not always, but often, flagship funds are the largest successful presumption of assets nether absorption and are associated with the marque and estimation of the concern company, serving arsenic its flagship product.

“Due to their significance, flagship funds often pull sizeable involvement from investors and are a fashionable prime for those who privation to payment from the concern expertise of the company.”

What does this mean? Well, simply put, determination is nary hiding connected RedBird’s portion that they are unfastened to welcoming a ‘partner’ connected committee to boost the maturation of the club. Translated: an capitalist to inject capital.

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