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.
