Reports: Milan’s owners RedBird to sell stake in OneTeam for $600m profit | OneFootball

AC Milan’s owners RedBird Capital Partners will soon sell their 40% stake in player intellectual property licensing business OneTeam, report claims.

According to Sportico plus Calcio e Finanza (via MilanNews), RedBird will sell their shares in OneTeam which is now valued at $1.9bn, according to multiple people familiar with the transaction.

Upon RedBird’s exit from the firm, HPS Investment Partners, Atlantic Park and Morgan Stanley Tactical Value are investing into OneTeam, but it is not clear if the co-founding entities – the MLB Players Association and the NFL Players Association – are adding to their combined 60% stake.

Based on the deal valuation and RedBird’s estimated stake, Milan’s owners should therefore register a profit of around $600m which represents a more than 500% return compared to what they initially invested after OneTeam was formed in mid-2019 by the MLBPA and NFLPA.

What RedBird intend to do with the money is of course unknown at this stage, as is the prospect of it having any bearing on the running of Milan.

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