• Loading stock data...
Thursday, September 4, 2025
Fox Analyst and Media Entrepreneur Greg Olsen to Speak at Tuned In Get your ticket now!

Born in the USA? RedBird to Bring American Concepts to Italian Soccer

  • AC Milan owner wants to expand his stadium development concept to the rest of Serie A.
  • Italy’s top flight of pro soccer continues to lag behind the Premier League, LaLiga, and Bundesliga.
AC Milan

An American style of doing business is increasingly infiltrating Italian pro soccer. 

Gerry Cardinale, head of RedBird Capital Partners and owner of Serie A’s AC Milan said he is advancing plans to build a new, 70,000-seat stadium for the club, with the design of the facility featuring many amenities common to U.S. facilities, as well as an adjacent mixed-use development increasingly popular among other American teams. That, by itself, is not surprising as the club has been seeking for months to leave Giuseppe Meazza Stadium at San Siro, the 97-year-old facility it shares with local rival Inter Milan, for a new venue—even though Milan mayor Giuseppe Sala continues to press for a renovation to the historic San Siro.

But Cardinale has much bigger aspirations and wants to expand the stadium development model to the rest of Italy.

“I’m going to create a company that’s going to build this stadium [for AC Milan], and then, frankly, I want to take that company and have it go build stadiums for all the other teams in Serie A,” Cardinale said recently at the Financial Times Business of Football Summit in London. “Because on one hand, I wear my AC Milan hat and we want to win the [championship]. On the other hand, I want to help Serie A narrow this gap [to the Premier League].”

‘A Big Gap’

The Italian financial gap also is not new, with Serie A continuing to lag well behind not only the Premier League in total revenue but also Spain’s LaLiga and Germany’s Bundesliga. But further pressures continue to grow across the Serie A, particularly as ownership money from well-resourced countries such as Saudi Arabia continues to transform global soccer. 

Despite growing investment in Italian soccer by U.S. companies such as RedBird, Serie A in 2022 posted its worst collective financial loss in 15 years. Many owners of Italian clubs have previously sought to elevate their situations through enhanced facilities, only to find resistance in numerous areas, particularly regulatory and political ones.

“There’s a big gap between Serie A and the other leagues,” said former AC Milan star Zlatan Ibrahimović at the summit. “It’s all about the budget, the economics. Italy needs something more; they need something new.”

Editors’ note: RedBird IMI, of which RedBird Capital Partners is a joint venture partner, is an investor in Front Office Sports.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Aug 22, 2025; Bridgeview, Illinois, USA; Chicago Stars FC forward Jameese Joseph (8) passes the ball during the first half of a match against the North Carolina Courage at SeatGeek Stadium.

Chicago Stars FC Move to Evanston After 12 Years in Bridgeview

Stadium plans beyond the 2026 season aren’t solidified. 

Barcelona, AC Milan Abroad? Fan Groups Reject Travel Plans

Supporter groups warn of a “Pandora’s box” if overseas games happen.

Liverpool’s $598M Transfer Spree: End of the Title Race Already?

A deal for Swedish striker Alexander Isak highlights a record outlay.

Gareth Bale: MLS Quality Hurt By Low Salaries

Bale said MLS salaries aren’t competitive enough to lure stars from Europe.

Featured Today

Oct 13, 2024; Philadelphia, Pennsylvania, USA; Philadelphia Eagles quarterback Jalen Hurts (1) and wide receiver A.J. Brown (11) celebrate their touchdown pass during the second quarter against the Cleveland Browns at Lincoln Financial Field.

TV Ratings Just Changed Again. The NFL Will Be the Big Winner

Nielsen’s new viewership system will have a big impact on sports.
Ohio State Buckeyes wide receiver Jeremiah Smith (4) celebrates with offensive lineman Donovan Jackson (74) after a touchdown catch against Notre Dame Fighting Irish in the first quarter during the College Football Playoff National Championship at Mercedes-Benz Stadium in Atlanta on January 20, 2025.
August 30, 2025

The Most Expensive Roster Year in College Football History

The House settlement created revenue-sharing—and a big NIL loophole.
August 26, 2025

‘You’re Going to Get Beat Up’: The Liberty’s All-Male Practice Squad

A select group suits up weekly to take on the defending champs.
August 24, 2025

The Honey Deuce Effect: How Tennis Perfected the Signature Cocktail

Sold every 1.5 seconds, they total more than $12 million in sales.

As CFB Programs Add Corporate Field Logos, Are Jersey Patches Next?

Texas is adding a sponsor’s logo to its football field this season.
August 18, 2025

Browns $2.4B Stadium Plan Runs Into Airspace Turbulence

The team’s proposed stadium is deemed a threat to nearby airport operations.
Dec 10, 2024; Salt Lake City, Utah, USA; A general view of the Delta Center before the game between the Utah Hockey Club and the Minnesota Wild.
August 19, 2025

Utah’s Sports Boom Expands Into Music, Emulating Atlanta

The Jazz and Mammoth owner strikes a major deal with Live Nation.
Sponsored

Trailblazer Cal Calamia Is Racing for ‘Advocacy, Storytelling, and Performance’

The marathoner wants excellence—not just inclusion—to be the goal for non-binary athletes.
Sofi Stadium
August 14, 2025

Los Angeles Olympics Will be First to Sell Venue Naming Rights

The decision breaks with a longstanding Olympic policy.
Nov 30, 2017; Arlington, TX, USA; General overall view of the Dallas Cowboys logo at midfield during an NFL football game between the Washington Redskins and the Cowboys at AT&T Stadium.
August 14, 2025

Arlington Pays Off Its Cowboys Stadium Debt 10 Years Early

Another major NFL venue retires its public debt far ahead of schedule.
Fans watch as players make it into the 18th hole during round three of the Waste Management Phoenix Open at TPC in Scottsdale on Feb. 8, 2025. Arizona Republic
August 13, 2025

Country Club Initiation Fees Soar With Golf’s Popularity

In many areas, would-be members are joining decade-long wait lists.
July 30, 2025

Browns Push Forward on $2.4B Stadium Despite Political Obstacles

The NFL team plans a stadium groundbreaking, despite funding and legal issues.