New developments on the investigation relating to the sale of Milan from Elliott to RedBird, which took place in 2022. The latest news on the matter
The ‘Corriere dello Sport‘today on newsstands he returned to talk aboutinvestigation on the assignment of the Milan from Elliott to RedBirdwhich occurred in 2022. An investigation by Milan Prosecutor’s Officewho suspects that, despite the sale of the Rossoneri club, it is still the fund of Paul Singer to maneuver Milan and not that of Gerry Cardinale.
Milan, at the moment, is not under investigation but Ivan Gazidis And Giorgio Furlani, respectively former and current CEO of the Devil, yes. For them, the crime hypothesis is that of obstacle to the functions of the supervisory authorityrepresented in this case by FIGC. And right on the table Federal Prosecutor’s Office the second part of the investigation began.
Furlani, heard by the Federal Prosecutor’s Office, reiterated how AC Milan’s ownership is at 99.8% of RedBird and that there are no ‘hidden partners’ behind it. An interview, reported the ‘CorSport‘, which, apparently, it was calm and constructive. The investigation by the Federal Prosecutor, Giuseppe Chinèis a due act, consequent to the transmission of the documents by the Public Prosecutors.
Milan transfer investigation from Elliott to RedBird, Chinè at work
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Chinè will therefore have to ascertain whether there are concrete elements to establish a proceeding for administrative offence (art. 31 of the Sports Justice Code) or for violation of communication obligations (art. 32) or for the more general one violation of the obligations of loyalty, correctness and probity (art. 4).
The first would entail a fineThe second one a points penaltythe third a wide range of sanctions commensurate with any violation ascertained. For the first case, information on ownership structures is required have actually been secretive or mendacious. For the second, reference is made to the timeliness of communication to the FIGC. While the violation of the obligations of loyalty and correctness is decidedly broader and more interpretable.
In any case, continued the Roman newspaper, it is necessary that Elliott’s strong influence on Milan, which the PMs hypothesize by virtue of the ‘vendor loan‘ (loan from the seller to the buyer) made to RedBird during the acquisition of Milan, really constitutes a position of hidden ownership. Reading the search decree, it seems that the prosecution’s hypothesis focuses on an alleged coincidence between the right claimed by Elliott as a creditor towards RedBird and that which, on the contrary, would arise from the possession of a shareholding.
Savi would have provided a lot of information to the Milan Prosecutor’s Office
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Two positions that are usually legally distinct. It then emerged that a source from the Milan Prosecutor’s Office in this investigation into the sale of Milan from Elliott to RedBird was Aldo Saviadministrative director of the club in Via Aldo Rossi, heard how heads by the investigators. He spoke about the famous ‘internal document’, that presentation made for investors in the Arab world, which many wondered how it ended up in the hands of the PM.
It was a working draft from RedBird, circulated internally and sent to Savi. He would have defined it “strange“, speaking with the investigators, because there was talk of selling a share of the ‘to third parties’vendor loan‘, rather than an equity stake in RedBird. With the latter not having informed the Elliott fund of this working hypothesis. However, it is not clear how this shapes the dominant influence of Elliott in Milan hypothesized by the investigators.
Savi, finally, would also have alluded to the presence, in Board of Directors of RedBird’s Milan, Elliott’s former manager. A circumstance known because it was also mentioned in the prosecutor’s search decree. READ ALSO: Milan transfer market – Defender, Moncada draws from a Serie A big team >>>
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April 27, 2024 (modified April 27, 2024 | 09:32)
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