According to ANSA, Guardia di Finanza is investigating Red Bird’s acquisition of Milan and have seized documents in several offices, but not in the Rossoneri’s headquarters.
Gerry Cardinale’s red Bird Capital Partners bought a majority stake in Milan from Elliott at the end of August for €1.2b.
According to ANSA, the deal is being investigated by Italy’s financial police, Guardia di Finanza, who collected documents in several offices, but not the in the headquarters of the Serie A giants.
The investigation began following a complaint from Luxembourg-based company Blue Skye a former minority shareholder in the club’s management.
There are currently no people under investigation and the file opened by PM Prosecutor Giovanni Polizzi and looks into potential misappropriation.
This past September, Blue Skye and their holding company Luxembourg Investment tried to block Red Bird’s Milan acquisition through Milan’s civil court, but then gave up on their attempt, given that the purchase of the club had been completed only a few days earlier.