Searches have reportedly taken place at AC Milan’s headquarters by the Guardia di Finanza in relation to RedBird Capital Group’s deal to buy the club from Elliott Management.
As has been reported by La Gazzetta dello Sport, Milan’s current CEO, Giorgio Furlani, is being investigated by the Milan Prosecutor’s Office for his role in the deal. The same is true of Milan’s former CEO, Ivan Gazidis.
Casa Milan was searched on Tuesday and the two men are being investigated. The crux of the investigation is the corporate transfer between RedBird and Elliott Management which took place in August 2022.
The alleged offence is that of obstructing the supervisory activities of the FIGC regarding the legal requirements of clubs owning football teams.
No reports have named other current Milan officials as part of the investigation but it may not be limited to Furlani. Searches were carried out at private homes as well as at Casa Milan, with documents seized and data from computers and telephones copied.
Milan released a statement to the press in the midst of these reports which can be seen below.
“With regard to the search that took place today at its headquarters, AC Milan appears to be third party and extraneous to the ongoing proceedings concerning the acquisition of the same, which was finalised in August 2022. The investigation, which also involves the legal representatives with signatory powers, Giorgio Furlani and Ivan Gazidis, the current and previous CEO of the Club, hypothesising incorrect communications to the competent supervisory authority. The club is lending its full cooperation to the investigating authority.”
