New chapter in the investigation into the sale of Milan from Elliott to RedBird, which took place in 2022. “The accounts man” embarrasses the club
The ‘Corriere della Sera‘ today on newsstands he dedicated an in-depth analysis toinvestigation from the Milan Prosecutor’s Office on the transfer of Milan from Elliott to RedBirdwhich occurred in 2022explaining how one of the main clues to the investigation comes – surprisingly – from within the Rossoneri club.
In fact, the Prosecutor’s Office has been speculating for weeks that Milan is not, in reality, truly owned by the fund RedBird Capital Partners Of Gerry Cardinalebut is still under the influence of the fund Elliott Management Corporation Of Gordon and Paul Singer. A situation not declared to the supervisory authority, represented by FIGC..
Milan transfer investigation from Elliott to RedBird, Savi embarrasses everyone
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For this reason they are under investigation Ivan Gazidis And Giorgio Furlani, former and current CEO of the Rossoneri club respectively. Which, on the contrary, is not objective of investigation. An investigation started because it seems that most of it was used for the purchase and sale of Milan (approx 400 million euros out of the 600 paid in cash by Cardinale) “comes from a corporate vehicle not referable to RedBird“. That is, a fund placed in Holland.
But also because from an internal document at Milanthat it was not clear how it ended up in the hands of Financial Policeor a presentation of the current corporate structure of the Devil prepared for the interviews, which took place at the end 2023with “investors from the Arab world“, the investigators thought that the ‘vendor loan‘, the loan of others 600 million of euros for the sale of Milan granted by Elliott to RedBird in 2022, “guarantee Elliott ownership of part of Milan“.
