Repubblica: Clarification arrives on possible RedBird-Liverpool conflict of interest

By Oliver Fisher -

RedBird Capital are getting closer to becoming the new owners of AC Milan, which has arisen some suspicion given their involvement with Liverpool.

La Repubblica (via MilanNews) have confirmed that the American fund holds 11% of the shares of Fenway Sports Group, who are the owner of Liverpool, but by regulation there would be no conflict of interest if they were to complete the purchase of Milan.

That is because RedBird have no decision-making power when it comes to the Premier League side. As per article 5 of the UEFA regulations on the integrity of competitions, regarding timeshare, explains that ‘no club may, directly or indirectly, hold or deal in the securities or shares of any other club participating in a Uefa tournament’.

They go on to add that it is an impossibility for an individual ‘to exercise influence by any means in the decision-making process of several clubs’. However, this is not the case with RedBird and Liverpool, where the fund have no decision-making power.

Tags AC Milan


    1. they might sell the one which would give more profit at that time, just like there were rumors that Elliott is speeding up Milan sale because of their involvement with Lille. Could be more or less true.

  1. They bought 10% in Liverpool for €750M. No way that Liverpool worth €7.5B. As @shiva said: what about Toulouse? I think, no one can own two clubs under UEFA, does not matter if they qualified for cups or not. Something here is very strange. Somebody in UEFA got money, to close eyes for this transaction.

      1. Red Bull is not owner of Leipzig. Only sponzor. In Germany, you can not own club. You can be only sponzor, with no more than 49%. But, after 20 years of sponzorship, you can apply and they might approve some kind of ownership. That is happen with Hoffenheim and Dietmar Hopp. He now owns about 90% of the club.

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