CorSera: Milan and Inter present requested documents to Council regarding ownership situations

By Oliver Fisher -

Elliott Management have presented the official documentation that was asked for by the Milan City Council to confirm they are the owners of the club.

The Council earlier in the month asked for explanations and clarifications on the real ownership situation behind the two clubs. They have in fact sent a letter to the representatives of the two clubs to understand who their real owners are.

It was perhaps spurred on by a Rai Report in the last few weeks that made allegations that the Elliott fund were in fact not the true owners of the Rossoneri, but a report from Tuttosport (via also suggested Inter are not in the clear either.

As il Corriere della Sera writes (via MilanNews), Milan and Inter yesterday presented new documents, including confirmation that the Elliott fund is the actual owner of the Rossoneri club. The administration had in fact asked to be able to access the “documentation certifying the possession of the participation requirements of the proposing subjects and the effective ownership of the shares of the proposing companies”.

That means that in theory a hurdle surrounding the stadium project has been removed, and that the clubs can hopefully now push on with yet another piece of bureaucracy out of the way.

Tags AC Milan
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