"RedBird and Oaktree have submitted an initial, non-binding offer by the NBA's deadline of midnight on March 31st. They want the same thing, at the same time."
"Gerry Cardinale moved very early on for NBA Europe and was among the most enthusiastic about the project. One date stands out: 19 January 2026."
"Oaktree remains in the running though, with their financial power being a major factor. It manages over $200bn in assets, compared to RedBird's $14bn."
AC Milan and Inter are vying for an NBA Europe franchise, with both ownership groups submitting initial offers. RedBird, representing Milan, has an advantage due to early engagement, strong relationships, and brand appeal. Oaktree, managing significant assets, remains competitive. The NBA's interest in a team named AC Milan adds to RedBird's position. The competition is ongoing, with various political and financial challenges ahead.
Read at SempreMilan
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