LeBron James and Drake to invest in AC Milan / News - Basketnews.com

LeBron James and rapper Drake are among people who will be the new AC Milan investors.

Credit: RS - Scanpix Credit RS - Scanpix

The New York Yankees baseball franchise and a Los Angeles investment fund are investing in AC Milan alongside US private equity group RedBird, which is closing in on the €1.2 billion acquisition of the Italian league's Serie A football champions, two people with direct knowledge of the matter said.

LeBron James

Position:SFAge:37Height:203 cmWeight:113 kgBirth place:Akron, United States of AmericaProfileNewsStatistics

The baseball team, owned by the Steinbrenner family, and Main Street Advisors, the Los Angeles-based fund that counts among its investors the Los Angeles Lakers superstar LeBron James, as well as music producer Jimmy Iovine and rapper Drake will become shareholders in the Serie A team.

RedBird is set to announce the entry of its new partners as early as Wednesday when it is expected to officially take control of the club from its current owner, US hedge fund Elliott Management.

According to Statista, AC Milan's 1.2 billion worth makes it the 14th highest worth football club in the world.

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