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AC Milan right this moment introduced that Randy Levine, President of the New York Yankees, has joined the Membership’s Board of Administrators.
Mr. Levine has been the President of the New York Yankees for over 20 years and is acknowledged globally as one of the completed executives within the sports activities and leisure industries. As a steward of one of many world’s most iconic sports activities groups, Mr. Levine has contributed to the continued success of the franchise by way of on-field efficiency, business partnerships and world alternatives to develop and reinforce the New York Yankees model.
He was additionally instrumental within the growth of the brand new Yankee Stadium, accomplished in 2009, revolutionized the distribution of recreation protection by the creation of the YES Community and partnered with the Dallas Cowboys to create Legends Hospitality LLC, a number one firm within the growth of premium experiences in sports activities and leisure.
AC Milan’s Chairman, Paolo Scaroni, commented: “The Membership is delighted to welcome Randy Levine to the Board of Administrators. Randy is a number one skilled in sports activities and leisure. His expertise and experience will combine with ours, contributing to the expansion path of the Membership and creating alternatives to broaden its world attraction. The appointment of Randy will assist us develop new synergies at a world stage, in keeping with RedBird’s strategic imaginative and prescient, opening new horizons for the Membership and its followers.”
Commenting on the appointment, RedBird Capital Companions Founder and Managing Accomplice Gerry Cardinale stated: “For over twenty years, I’ve been lucky to have a novel and profitable partnership with the New York Yankees and the Steinbrenner Household, together with most just lately the Yankees’ funding alongside RedBird in AC Milan. I’m thrilled to welcome Randy Levine to the Board of AC Milan and stay up for constructing a world collaboration between the Yankees and AC Milan.”
Following the appointment of Rendy Levine, the brand new AC Milan’s Board of Administrators is now composed of the next members: Paolo Scaroni (AC Milan, Chairman), Giorgio Furlani (AC Milan, Chief Government Officer), Stefano Cocirio (AC Milan,
Chief Monetary Officer), Gerry Cardinale (RedBird, Founder and Managing Accomplice), Randy Levine (New York Yankees, President), Alec Scheiner (RedBird, Accomplice), Niraj Shah (RedBird, Principal), Isaac Halyard (RedBird, Vice President), Gordon Singer (Elliott, Fairness Accomplice and Managing Accomplice).
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About Randy Levine: Randy Levine was named President of the New York Yankees in January 2000. Beneath his supervision and steerage, the Yankees constructed the brand new state-of-the-art Yankee Stadium, finishing the ability on time for the start of the 2009 season, which culminated within the franchise’s twenty seventh world championship. Levine was a principal founding father of the YES Community, which is the most-watched regional sports activities community in america. He was additionally the lead negotiator within the sale of 80 p.c of the community to twenty first Century Fox and in 2019 led the negotiation to purchase the YES Community from the Disney Firm together with companions Amazon, Sinclair Broadcasting, Blackstone, Mubadala and RedBird Capital. In 2020, Levine was named as chairman of the YES Community. In 2008, Levine was instrumental in creating Legends Hospitality, LLC, with the Dallas Cowboys, which at the moment operates on the Yankees’ and Cowboys’ stadiums, in addition to many different world-famous venues, together with One World Observatory. In January 2021, he was a pacesetter within the sale of Legends’ majority stake to the non-public fairness group Sixth Avenue Companions. In 2004, Levine helped manage Yankees-Steiner, a number one sports activities memorabilia firm. Levine has additionally spearheaded the Yankees’ worldwide model growth, together with a transformational partnership in 2013 with Manchester Metropolis Soccer Membership to accumulate Main League Soccer’s twentieth growth crew. New York Metropolis Soccer Membership (NYCFC) started play in 2015 at Yankee Stadium and has drawn greater than two million followers in house attendance by its first 5 seasons. In 2010, he led a Yankees delegation that visited Tokyo, Beijing and Hong Kong with the 2009 World Collection Trophy, marking the primary time that the Yankees introduced one in every of their World Collection trophies to Asia. As well as, Levine helped develop the three way partnership settlement in Japan between the Yankees and Yomiuri Shimbun, which is the mum or dad firm of the Yomiuri Giants. He has been on the forefront of bringing a various array of leisure and particular occasions to Yankee Stadium, reworking the venue right into a year-round vacation spot for quite a lot of faculty soccer, soccer, hockey, music, boxing and company occasions. Earlier than becoming a member of the Yankees, Levine served as New York Metropolis’s deputy mayor for financial growth, planning and administration. He additionally served as New York Metropolis’s labor commissioner. From 1995 by 1997, he was chief negotiator for Main League Baseball. In 1996, he negotiated the labor settlement that for the primary time included income sharing, luxurious taxes and Interleague play. Previous to that, Levine served as principal affiliate deputy lawyer normal and principal deputy lawyer normal at america Division of Justice. He has additionally served as a particular delegate
to america Division of Labor and was vice chair and a board member for the Hudson River Park. Levine at the moment serves on the board of the Taylor Hooton Basis and Hofstra College, and has served on the boards of the ASPCA, George Washington College and the Yogi Berra Museum. Levine has served on the board of administrators of the New Jersey Nets and New Jersey Devils and is a member of the board of administrators of the YES Community, Legends Hospitality, LLC, and NYCFC. He’s additionally an officer of Yankee International Enterprises, LLC. Moreover, Levine has served or serves on the worldwide, labor coverage, range and legislative committees of Main League Baseball. Levine has been a accomplice within the New York regulation agency of Proskauer Rose Goetz & Mendelson, was counsel on the regulation agency of Akin Gump Strauss Hauer & Feld and is at the moment counsel on the regulation agency of Jackson Lewis P.C. Mr. Levine acquired a Bachelor of Arts diploma from George Washington College and a J.D. from Hofstra College Faculty of Legislation in 1980.
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