RedBird Capital Partners, the US investment firm that owns Italian soccer club AC Milan, said in a statement that it launched Milan Sports & Entertainment on November 13, 2026, a holding company for its Milan-based investments in sports, infrastructure and live events.
RedBird named Brett Yormark, former head of the Brooklyn Nets' parent company, as chief executive of the holding. RedBird said MSE will manage the assets centrally and coordinate partnerships across them.
MSE will oversee plans for the new 71,500-seat stadium that AC Milan and Oaktree-owned Inter are building to replace the 100-year-old San Siro. It also plans a venue-management business for stadiums and arenas covering food and beverage, merchandising and premium hospitality.
RedBird said the holding will assess acquiring a Milan franchise in a proposed NBA Europe league, develop a sports and live entertainment venue in San Donato Milanese on the outskirts of the city, and explore opportunities to raise Milan's profile in international tennis.