Soccer: Silva family also among new AC Milan investors

Among the new investors in soccer club AC Milan is the Silva family, owners of a chemical company headed by brands such as Spuma di Sciampagna and Chanteclair. According to reports, the founder’s son, who lives between New York and London, is one of the investors of Main Street Advisors (a Los Angeles investment fund that also includes NBA star LeBron James and rapper Drake), which will be on Red Bird’s side after the closing with hedge fund Elliott Management, according to the Financial Times. Riccardo Silva’s name had already been tied with that of the Rossoneri club in the past, at the time when there was a transition from Chinese businessman Yonghong Li to the Elliott fund.

Who is Riccardo Silva?

Italian entrepreneur Riccardo Silva is among Milan’s new investors, through Main Street Advisors, a Los Angeles investment fund that includes NBA star LeBron James and rapper Drake. Grandson of the founder of Italsilva – Gruppo Desa, one of the largest Italian chemical groups to which the brands Spuma di Sciampagna and Chanteclair, among others, belong, and therefore a member of one of the richest families in Italy, Silva’s name had already been linked in the past to that of the Rossoneri club, at the time when there was a transition from the Chinese entrepreneur Yonghong Li to the Elliott fund.

A huge Milan fan and father of two, Silva lives between London, Miami and New York and has extensive entrepreneurial experience in the world of soccer, particularly in the buying and selling of television rights. In fact, he was the founder of MP & Silva, a company operating in television rights trading, which was later sold to the Chinese Everbright and Baofeng. Notably, for years MP & Silva won the auction for the distribution of Serie A television rights abroad. For the time being, the entrepreneur would have no operational role in the Rossoneri club.

Silva currently owns Silva International Investments, which has investments in a wide range of companies in the media, sports, entertainment, arts, and real estate sectors. He has also been president and co-owner of Miami FC since 2015, along with Rossoneri legend Paolo Maldini, owns the Silva family art collection, and previously served as CEO of Milan Channel, leading the channel’s international development.