RedBird has become one of private equity's top investors in pro sports.
Jeff Zucker, whose nine-year run atop CNNZucker would give added media industry depth to RedBird, as it increases its focus on professional sports investing.
In addition to CNN, Zucker was in charge of WarnerMedia's Turner Sports division. He also once led NBC's Olympic Games coverage.RedBird recently bought Italian soccer club AC Milan, is the lead investor in the XFL's revival and also owns a piece of the parent company of the Boston Red Sox, Pittsburgh Penguins and Liverpool F.C.
RedBird's founder, Gerry Cardinale, helped put together the Yankee Entertainment and Sports Network while still a banker at Goldman Sachs.The Ankler also said that Zucker would lead a $1 billion sports investment fund, although it's unclear how that fund would differ from the sorts of investments RedBird makes out of its flagship funds .
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