La Repubblica returns today to the investigation of Milan Prosecutor’s Office concerning the purchase of Milan by RedBird. According to what was reported by the newspaper, the FIGC opened an investigation following the searches ordered by the Prosecutor’s Office itself. The AC Milan CEO George Furlani was heard by the federal prosecutor Giuseppe Chinè and reiterated that “99.8% of Milan’s capital is controlled by RedBird.
However, if the accusatory hypothesis of the Milan Prosecutor’s Office, La Repubblica reports, the club could be accused of violating the art. 32 paragraph 5 of the Sports Justice Code on communication obligations and 20 bis of Noif on “Acquisitions and sales of company shareholdings in the professional sector”. And again, the administrative offense (article 31 paragraph 1) and article 4 on “loyalty, correctness and probity” of the subjects of the Federation. They range from censorship to penalization in the rankings.
What doesn’t seem right according to investigators? The majority package of Milan, we read again, is in the hands of the fund RB FC Holdings CV based in Holland, whose management is certainly by RedBird, but whose ownership is not clearly known. This is because the branch of AC Milan’s final parent company headed by RedBird is blocked by the veto right of a Dutch company with an indecipherable structure. The investigation also sells on the suspicion that that from Elliott to RedBird it was a fake sale, a circumstance always denied by Milan.
