Blue Skye Financial Partners and the parent company Luxembourg Investment Company have been sentenced to pay legal fees for the lawsuit filed against the Elliott Management regarding the sale of the club.
According to Calcio e Finanza (via SempreMilan.it), Blue Skye – a former minority shareholder of Milan – waived their urgent precautionary appeal they had presented to block the sale of the Rossoneri. For this reason, the company was sentenced to pay legal fees for a total of €20,000.
In the hearing, which lasted less than twenty minutes before the judge Angelo Mambriani (president of the Section specialised in business matters of the Court of Milan) the lawyers of Blue Skye and its parent company Luxembourg Investment Company, the lawyers Maurizio Traverso, Emanuele Breggia and Federico Cerboni, renounced the appeal.
A waiver arrived yesterday because Blue Skye’s lawyers acknowledged that the closing was completed on August 31st. The appeal was filed before Blue Skye representatives knew that the operation had been completed. And a precautionary initiative of this kind cannot be carried out if the sale has already been made.