Lawyer warns prosecutors over investigation into Elliott, RedBird and Milan

Outstanding lawyer Pierluigi Matera has warned officers that Milan’s former and present homeowners Elliott Administration and RedBird Capital Companions are ‘world giants’, who typically perform aggressive methods, and when they’re sued, they ‘virtually at all times win’.

The Milan places of work had been raided by the Italian monetary police earlier this week as a part of an ongoing investigation. Computer systems and different units had been seized from the membership’s headquarters.

The prosecution claims that former homeowners Elliott Administration nonetheless management and personal AC Milan, which might imply that the sale in the summertime of 2022 to Gerry Cardinale’s RedBird was not solely on the extent.

RedBird have since launched a press release, assuring supporters that they’re conscious and co-operating with the continued investigations. Additionally they insisted that they’re the lawful and rightful homeowners of Milan.

Matera, a professor of legislation and former deputy lawyer normal of CONI, gave an interview on the subject of Milan and its homeowners in Thursday’s print version of Tuttosport.

“It’s a posh accusation which is accompanied by the thesis that Elliott acted as an proprietor relatively than as a creditor within the negotiation with the Saudi Public Funding Fund (PIF) for a possible sale.

“For the prosecutor’s workplace, that would have been seen as confessional conduct, however it’s okay. Elliott and RedBird usually are not small funds, relatively world giants that usually perform aggressive methods and when sued, they virtually at all times win.”

L’avv. Matera sicuro: “Elliott e RedBird sono giganti globali: se “citati” in giudizio vincono praticamente sempre”https://t.co/8TFXVVogSk

— MilanNews.it (@MilanNewsit) March 14, 2024