Italian police raid AC Milan offices in probe into 2022 sale of club to RedBird Capital

March 13 – AC Milan’s offices were raided by police on Tuesday as part of an investigation by Italian prosecutors into the sale of the Serie A giants.

RedBird Capital Partners purchased Milan from fellow American firm Elliott Management in August 2022, but Milan prosecutors claim Elliott still owns and controls the Italian club.

The homes of current Milan CEO Giorgio Furlani and former chief executive Ivan Gazidis, who held the role from 2018 to 2022, were also apparently searched. Furlani and Gazidis are being investigated for allegedly hiding information related to the sale.

“In regards to the search carried out today in its headquarters, AC Milan is a third party and extraneous to the ongoing legal action concerning the purchase of the club,” Milan said in a statement

“The club is giving its full cooperation to the investigating authority.”

Currently second in Serie A, Milan could nevertheless be fined or docked points by the Italian soccer federation.

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