AC Milan’s current and former owners each say that allegations from Italian prosecutors disputing who runs the seven-time European champion are false. Milan’s offices were raided by police on Tuesday as part of an investigation by Italian prosecutors into the sale of the Serie A giant.
FILE - Gerry Cardinale, second left, and Ivan Gazidis in the stands prior to the Serie A soccer match between AC Milan and Inter Milan, at the Milan San Siro stadium, Italy, on Sept. 3, 2022. Milan prosecutors are looking into the sale of soccer giant AC Milan and the club’s headquarters have been searched. Both current and past CEO’s are among those under investigation.
“When we took control of the club upon closing, Elliott provided loan financing to RedBird with a term of three years and no voting rights,” RedBird added.“AC Milan was sold to RedBird on 31st August 2022. As of that date, the Elliott funds have had no equity interest in, or control over, AC Milan,” Elliott added.
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