Redbird Capital Partners
RedBird Capital Partners is an American investment management firm founded in 2014 in New York by Gerry Cardinale.
The company has assets under management of over $10 billion as of 2022.
Wiki English | |
| Founded | 2014 |
|---|---|
| Founder | Gerry Cardinale |
| Headquarters | New York City, New York, United States |
Key people | Hamid Bilgari, senior partner Jeff Zucker, executive Mansour bin Zayed Al Nahyan, investor |
Investments
RedBird is active in several tertiary sectors such as consumer goods, financial services, telecommunications, media, technology and sports. The company serves as producer of Amazon’s Reacher series and Paramount’s Top Gun: Maverick. RedBird has also invested in Ben Affleck and Matt Damon’s Artists Equity, LeBron James and Maverick Carter’s SpringHill Company and the Fenway Sports Group.
In August 2019, RedBird acquired a minority stake in YES Network, after helping Yankee Global Enterprises activate their buy back option to purchase Fox's 80% share for $3.5 billion after Disney acquired 21st Century Fox during the same year after the Department of Justice ordered Disney to sell the network on antitrust grounds due to its ownership of ESPN. On August 31, 2022, the company completed the acquisition of AC Milan from the US fund Elliott Investment Management for 1.2 billion euros. RedBird also owns Toulouse FC, a club from the city of the same name that plays in Ligue 1 since 2020 and acquired a minority stake in Liverpool F.C in 2021.
In August 2020, the company acquired the assets of the XFL for $15 million, along with Dany Garcia and Dwayne Johnson, from the brand's founder, Vince McMahon. In December 2023, they announced a merger between the XFL and USFL to be called United Football League (UFL) starting in 2024. RedBird is partners with International Media Investments, a state-funded enterprise of the United Arab Emirates and its Sheik Mansour bin Zayed Al Nahyan, in RedBird IMI. The partnership, which includes former media executive Jeff Zucker as an executive, allows IMI to invest in RedBird's sports and entertainment properties.
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External links
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