"Cardinale's RedBird owns a plot of land in Milan and is looking to build a world-class basketball venue there, according to sources briefed on the situation. Cardinale's firm is also building a new soccer stadium there and is otherwise heavily invested in the Milan community."
"In their report, it is stated that Gerry Cardinale 'will' make a bid to take part in the league, alongside the owners of PSG and even the Public Investment Fund, who are eyeing up a project in London. Regarding the Diavolo's plans, it is reported that the NBA commissioner, Adam Silver, wants new arenas for the teams."
AC Milan, under American ownership by Gerry Cardinale and RedBird, are actively pursuing participation in the NBA Europe league. The club's American ownership structure and Milan's existing interest in basketball make this venture a natural fit. NBA Commissioner Adam Silver requires new arenas for participating teams. Milan's plans involve utilizing the San Donato land, where RedBird already owns property and is developing a new soccer stadium. The investment represents a strategic opportunity for the club's future growth. PSG's owners and the Public Investment Fund are also pursuing similar basketball league opportunities, indicating broader interest from elite football organizations in European basketball expansion.
Read at SempreMilan
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