The latest legal challenge against former AC Milan owners Elliott Management from Blue Skye has been rejected by an Italian court.
As has been reported by Calcio e Finanza, the Civil Court of Milan recently rejected the third and potentially final case that Blue Skye has brought against Elliott over the sale of the club to RedBird Capital Group.
Blue Skye is a company owned by Gianluca D’Avanzo and Salvatore Cerchione and they have brought legal action against Elliott three times. All three have ended in failure and it is understood that they will be made to pay legal costs.
Blue Skye was Eliiott’s partner with 4.72% of Project Red Black. That was the company that controlled 100% of Rossoneri Sports Management and essentially owned AC Milan.
It was through one of these actions from Blue Skye that the sale of Milan by Elliott to Red Bird was investigated. There have been raids by the Guardia di Finanza at Milan’s headquarters, with current CEO Giorgio Furlani and previous CEO Ivan Gazidis both being investigated.
Naturally, the failure of yet more legal action from Blue Skye against Elliott further suggests that there was no wrongdoing with the sale of the club, but the investigation has not been concluded.
