NEW YORK YANKEES PRESIDENT RANDY LEVINE JOINS AC MILAN'S BOARD OF DIRECTORS

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 recognized globally as one of the most accomplished executives in the sports and entertainment industries. As a steward of one of the world's most iconic sports teams, Mr. Levine has contributed to the ongoing success of the franchise in terms of on-field performance, commercial partnerships and global opportunities to grow and reinforce the New York Yankees brand.   

He was also instrumental in the development of the new Yankee Stadium, completed in 2009, revolutionized the distribution of game coverage through the creation of the YES Network and partnered with the Dallas Cowboys to create Legends Hospitality LLC, a leading company in the development of premium experiences in sports and entertainment.

AC Milan's Chairman, Paolo Scaroni, commented: "The Club is delighted to welcome Randy Levine to the Board of Directors. Randy is a leading professional in sports and entertainment. 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."

Commenting on the appointment, RedBird Capital Partners Founder and Managing Partner Gerry Cardinale said: "For over two decades, I have been fortunate to have a unique and successful partnership with the New York Yankees and the Steinbrenner Family, including most recently the Yankees' investment alongside RedBird in AC Milan. I am thrilled to welcome Randy Levine to the Board of AC Milan and look forward to building a global collaboration between the Yankees and AC Milan."

Following the appointment of Rendy Levine, the new AC Milan's Board of Directors is now  composed of the following members: Paolo Scaroni (AC Milan, Chairman), Giorgio Furlani (AC Milan, Chief Executive Officer), Stefano Cocirio (AC Milan, Chief Financial Officer), Gerry Cardinale (RedBird, Founder and Managing Partner), Randy Levine (New York Yankees, President), Alec Scheiner (RedBird, Partner), Niraj Shah (RedBird, Principal), Isaac Halyard (RedBird, Vice President), Gordon Singer (Elliott, Equity Partner and Managing Partner).