Drake & Lebron James Team Up To Invest In Italian Soccer Team Ac Milan
Drake and NBA superstar LeBron James is among a group of investors looking to purchase Italian soccer team A.C. Milan. The valued Serie A squad is scheduled to be purchased for about $1.2 billion along with American private equity firm RedBird, according to the Financial Times. To finalize the deal, the New York Yankees organization will work with Main Street Advisors, a Los Angeles-based investment fund run by Lebron James, Drake , and late music mogul Jimmy Iovine. Like the rest of his well-known teammates involved in the purchase, Drake is anticipated to be a passive investor in A.C. Milan. A formal announcement of the deal On Wednesday, August 31, when the new investment group will take over from the previous owner, American hedge fund Elliott Management, a formal announcement regarding the deal is anticipated. Despite having a broad range of investments, Drake hasn’t done much in the sports world other than serving as the Toronto Raptors’ official Global Ambassador. H...