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Soccer-AC Milan deserve world-class stadium, investment boss Cardinale says

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(Reuters) - Serie A champions AC Milan deserve a world-class stadium that is indicative of their global potential, the founder of U.S. investment firm RedBird Capital Partners Gerry Cardinale said.

RedBird, who are investors in Fenway Sports Group, the owners of Liverpool and the Boston Red Sox baseball team, agreed a 1.2-billion-euro deal to buy Milan earlier this month.

Italy's heritage authority gave the green light to a proposal to tear down Milan's 1920s-era San Siro arena in 2020, after the teams filed a request to jointly build a new, 60,000-seater stadium. "We've had a lot of experience with stadium projects in the U.S.. Milan and Italy deserve a world-class stadium that houses the best of sports and entertainment on a global scale."

 

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