 | |
| 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 |
RedBird Capital Partners is an American investment management firm founded in 2014 in New York by Gerry Cardinale. [1] The company has assets under management of over $10 billion as of 2022. [2] [3]
RedBird is active in several tertiary sectors such as consumer goods, financial services, telecommunications, media, technology and sports. [4] 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. [2]
In August 2019, RedBrid 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. [5] [6] 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. [7] [8] [9]
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. [10] In December 2023, they announced a merger between the XFL and USFL to be called United Football League (UFL) starting in 2024. [11] 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. [12] The partnership, which includes former media executive Jeff Zucker as an executive, allows IMI to invest in RedBird's sports and entertainment properties. [13]
Jeffrey Adam Zucker is an American businessman and media executive. Zucker was the president of CNN Worldwide from 2013 to 2022. He oversaw CNN, CNN International, HLN, and CNN Digital. He was previously CEO of NBCUniversal.
The Yankee Entertainment and Sports Network (YES) is an American pay television regional sports network owned by Yankee Global Enterprises, Sinclair Broadcast Group and Entertainment Studios, Amazon, and The Blackstone Group, RedBird Capital and Mubadala Investment Company, which each own 13%. Primarily serving New York City, New York and the surrounding metropolitan area, it broadcasts a variety of sports events, as well as magazine, documentary and discussion programs; however, its main emphasis is focused on games and team-related programs involving the New York Yankees of Major League Baseball, the NBA's Brooklyn Nets, the WNBA's New York Liberty and New York City FC of Major League Soccer.
Yankee Global Enterprises, LLC, formerly YankeeNets, LLC, is an American limited liability company (LLC) which owns the New York Yankees baseball team, along with a plurality stake in YES Network and a 20% and 10% stake in New York City FC and AC Milan soccer clubs, respectively. It was formed in 1999 and is controlled by the family of George Steinbrenner. Other investors, including Lester Crown, Jerry Speyer, and Marvin Goldklang own minority stakes.
Alec Scheiner is a Partner at RedBird Capital Partners, helping lead its sports practice. Previously, Alec served as President of the Cleveland Browns and Senior Vice President of the Dallas Cowboys.
Riccardo Silva is an Italian businessman and investor. He is owner of Silva International Investments, which has investments in a range of companies across media, sports, entertainment, art, and real estate. He is also co-owner of AC Milan, president and co-owner of Miami FC, owner of the Silva family art collection, and previously served as CEO of the Milan Channel.
The XFL was a professional American football minor league consisting of eight teams located across the United States in mid-sized to major markets. It is now one of the two-component conferences of the United Football League (UFL), along with the United States Football League (USFL). The league headquarters were in Arlington, Texas.
The Seattle Sea Dragons were a professional American football team based in Seattle, Washington. The Sea Dragons competed in the second incarnation of the XFL. The team was founded by Vince McMahon’s Alpha Entertainment as the Seattle Dragons, and were owned-and-operated by Dwayne Johnson’s Alpha Acquico. The Sea Dragons played their home games at Lumen Field.
The Arlington Renegades are a professional American football team based in Arlington, Texas. The Renegades compete in the United Football League (UFL). The team was founded as the Dallas Renegades by Vince McMahon's Alpha Entertainment and are owned-and-operated by Dwayne Johnson's Alpha Acquico and Fox Corporation. The Renegades play their home games at Choctaw Stadium. The Renegades had a franchise regular season record of 4-6 and were 2-0 in the playoffs. They move over to the UFL and will start the 2024 season against the USFL Champion Birmingham Stallions.
The Houston Roughnecks were a professional American football team based in Houston, Texas. The Roughnecks competed in the XFL football league. The team was founded by Vince McMahon’s Alpha Entertainment and were an owned-and-operated by Dwayne Johnson’
The St. Louis Battlehawks are a professional American football team based in St. Louis, Missouri. The Battlehawks compete in the United Football League (UFL) as a founding member of the XFL Conference. The team was founded by Vince McMahon’s Alpha Entertainment and are owned-and-operated by Dwayne Johnson's Alpha Acquico and Fox Corporation. The Battlehawks play their home games at The Dome at America's Center. The Battlehawks have a franchise regular season record of 10–5 (.667), the third highest win percentage among UFL teams as of its 2024 season.
The DC Defenders are a professional American football team based in Washington, D.C. The Defenders compete in the United Football League (UFL). The team was founded by Vince McMahon’s Alpha Entertainment and are owned-and-operated by Dwayne Johnson's Alpha Acquico and Fox Corporation. The Defenders play their home games at Audi Field. The Defenders have a regular season record of 12–3 (.800), the second highest win percentage among UFL teams as of its 2024 season.
Paramount Global is an American multinational mass media and entertainment conglomerate controlled by National Amusements and headquartered at One Astor Plaza in Midtown Manhattan in New York City. The company was formed on December 4, 2019, as ViacomCBS Inc. through the merger of the second incarnations of CBS Corporation and Viacom. The company changed its name to Paramount Global on February 16, 2022, the day after its Q4 earnings presentation.
The United States Football League (USFL) was a professional American football minor league that began play on April 16, 2022. It is now one of the two-component conferences of the United Football League (UFL), along with the XFL.
The San Antonio Brahmas are a professional American football team based in San Antonio, Texas. The Brahmas compete in the United Football League (UFL) as a member of the XFL Conference. The team is owned-and-operated by Dwayne Johnson's Alpha Acquico and Fox Corporation. The Brahmas play their home games at the Alamodome. The Brahmas have a franchise regular season record of 3–7 (.300), the lowest win percentage among UFL teams as of its 2024 season.
The 2024 XFL season was the planned third season of the rebooted XFL and the second under its new ownership group of Dwayne Johnson, Dany Garcia, and Gerry Cardinale.
The 2024 USFL season was the planned third season of the United States Football League. The regular season was expected to start March 30, 2024, and to end in June 2024. The postseason was expected to begin in June 2024 and end with the 2024 USFL Championship Game in July 2024.
The United Football League (UFL) is a professional American football minor league scheduled to start play in March 2024. The league was created following the merger of the latest incarnations of the XFL and United States Football League (USFL). It consists of eight teams, all of whom were members of the XFL or USFL prior to the UFL's creation, concentrated in the Midwest and Southern United States.
The 2024 UFL season will be the first season of the United Football League (UFL), which was created following the merger of the XFL and USFL, and the fifth season in the combined history of the two leagues, following the 2020 XFL season, 2022 USFL season, and separate 2023 seasons for both the USFL and XFL.
This timeline of the United Football League (UFL) tracks the history of each of the league's eight franchises from their enfranchisements in the XFL and USFL, through the merger of the two leagues, and to the present day.
International Media Investments is a state-funded private investment company of the United Arab Emirates and its Sheikh Mansour bin Zayed Al Nahyan.