Sergey PogrebnyakSport CorrespondentAll ContentEmail AuthorMOSCOW, Aug 30The New York Yankees baseball franchise and Main Street Advisors, an investment fund from Los Angeles, which includes four-time National Basketball Association (NBA) champion LeBron James, will become co-owners of the Italian football club Milan, according to the Financial Times. Earlier it was reported that the American investment fund RedBird Capital Partners became the new owner of Milan. He replaced another American structure — the Elliott Management hedge fund, which will remain a minority shareholder and retain seats on the club's board of directors. The deal is valued at 1.2 billion euros. According to the source, RedBird is set to announce its new partners on Wednesday, when it is expected to formally take control of the club from its current owner. Elliott Management acquired the team in 2018 after last owner Li Yonghong was unable to repay a €32 million debt to the fund.
