Italian police raided AC Milan headquarters over alleged false communication regarding club's sale to RedBird, suspecting Elliott Management's ongoing control.
Italian police raided AC Milan headquarters over the club's sale to American investment firm RedBird, focusing on CEO Giorgio Furlani and former CEO Ivan Gazidis for alleged incorrect communication to supervisory bodies. Prosecutors suspect Elliott Management still owns and controls Milan despite the RedBird acquisition. AC Milan is cooperating with authorities, but could face penalties from the Italian soccer federation.
March 12, 2024
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