The Ever-Changing Ownership of AC Milan: From Berlusconi to RedBird, the Fog Surrounding the Club

In March 2014 Silvio Berlusconi decided to put the Milanwhich initially passed into the hands of Mr Beethen of fondo Elliott and finally a RedBird Of Gerry Cardinale. For 10 years, he writes today The Republic on newsstands: “the fog surrounds the top of the club being investigated by the prosecutors”. In the tenth anniversary of the first fogs, the role of pioneer goes to the Chinese Yonghong Li, even if in 2015 he was supplanted by the Thai engineer Bee Taechaubol. Then the Elliott Fund, with the Singers who decided to enforce the pledge in July 2018 after the loan of over 300 million.

From Elliott we then moved on to RedBird but in the investigation papers of the Milan prosecutor’s office which is investigating to ascertain the true ownership of Milan, the negotiation with the Pif fund (in addition to the new corporate structure) who could enter the company as a partner of RedBird: Cardinale’s company would have recently negotiated, as shown by the documents of the Prosecutor’s Office, the entry of a Saudi partner into Milan (the Pif sovereign fund), even presenting the outline of the new corporate structure. And the magistrates want to see clearly on this too.

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