A brand new scandal would possibly have an effect on Italian soccer and AC Milan. On Tuesday, Italian newspaper Corriere della Sera revealed that the Italian monetary authorities had been within the membership’s headquarters to acquire paperwork about an ongoing investigation of the present AC Milan CEO Giorgio Furlani and former CEO Ivan Gazidis for obstructing the Italian FA’s supervisory exercise. The topic of the investigation, as per the identical report, is the query of whether or not Milan is absolutely owned by Gerry Cardinale’s RedBird Capital group or whether or not, in actuality, the membership are nonetheless underneath the controlling affect of their former homeowners, the Elliott Administration, managed by Paul Singer.

In accordance with the identical report, the investigation facilities across the chance that former proprietor, “Elliott Fund at the moment retains substantial management of the corporate AC Milan, whereas the Authority FIGC supervision would have, nonetheless, represented the precise switch of the property in favor of Gerry Cardinale’s ‘RedBird Fund’ in 2022.

“The prosecutors wrote this within the search decree towards the 4 suspects, together with Furlani and Gazidis. The decree additionally states that the circumstance seems to emerge that almost all of the capital used for the sale comes from a company automobile not referable to RedBird itself. The opposite two people underneath investigation are Daniela Italia and Jean Marc Mclean, administrators of the Luxembourg firm Undertaking Redblack, which controls Rossoneri Sport Funding.”

AC Milan issued an official assertion on the matter: “Relating to the search that came about immediately in its headquarters, the AC Milan firm is third and unrelated to the continued proceedings referring to the acquisition of the identical, accomplished in August 2022. The investigation, which additionally entails the authorized representatives with signing energy, Giorgio Furlani and Ivan Gazidis, present and former CEO of the Membership, hypothesizes incorrect communications to the competent supervisory authority. The corporate is offering full cooperation to the investigating authority.”