CorSport: RedBird could consider stock market listing of Milan’s new holding company
By: Isak Möller
AC Milan’s new holding company, Milan Sports & Entertainment, could be publicly listed within five years according to a report.
Yesterday, RedBird announced the creation of a new holding company for the AC Milan project, named Milan Sports & Entertainment (MSE). The main goal is to have everything under one roof, from the football team to the new stadium and the NBA Europe project.
As Cardinale himself said, there will be several new revenue streams that ultimately will benefit the football club, making it possible to invest more money in players and additional infrastructure. In short, it’s a big project and it could get even bigger.
Stock market listing on the cards?
According to Corriere dello Sport this morning, as cited by MilanNews, the launch of MSE proves that RedBird and Cardinale have a long-term plan for the club. A listing on the stock market cannot be ruled out within the next five years either, opening the company up to further investment.
Only two football clubs in Italy are publicly traded, namely Juventus and Lazio, meaning fans can effectively become shareholders. However, it should be noted that these shares rarely come with any real power, used more as a way of raising funds than anything else.
Outside of Italy, clubs like Borussia Dortmund and Manchester United are also publicly listed, so it’s not like Milan would be moving into uncharted territory.
