Soccer-AC Milan owner says Serie A should steer clear of outside investment

📆 3/2/2023 4:22 PM
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LONDON (Reuters) - Italy's Serie A soccer league should avoid the temptation of handing over some of its business to outside investors in exchange for a short-term cash injection, the owner of champions AC Milan said on Thursday.

Gerry Cardinale, the founder of RedBird Capital, was asked about reports that banks and investment funds were keen to acquire a share of Serie A's media rights operation.

"Why mortgage your future?," added the former Goldman Sachs banker."We can be self-sufficent ourselves."

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