• Loading stock data...
Saturday, May 31, 2025

RedBird’s Purchase of AC Milan Under Investigation

  • An Italian government agency is looking into alleged embezzlement claims.
  • The claims were made by Milan minority investor Blue Skye Financial Partners.
AC Milan

Last year’s $1.3 billion sale of AC Milan to New York-based investment firm RedBird Capital Partners is under investigation in Italy.

The Guardia di Finanza — which investigates financial crimes — has reportedly requested documents from accountants and advisors who helped facilitate the deal. The agency is looking into alleged embezzlement claims by Milan minority investor Blue Skye Financial Partners

  • In June 2022, Blue Skye claimed that former Milan owner Elliott Management held talks “behind closed doors” about the sale. 
  • That same month, Blue Skye asked a U.S. court for documents regarding the deal to prove that Elliot “operated with malice or deceit.” 
  • In July 2022, U.S. District Judge Katherine Polk Failla authorized Blue Skye to obtain a “limited” number of documents to use in court. 
  • Two months later, Blue Skye’s attempt to freeze the sale of Milan was dropped following a hearing in an Italian court.

AC Milan Investor Drops Petition to Suspend $1.2B Sale

An investor in AC Milan will drop attempt to freeze sale.
September 14, 2022

Milan — the 14th-most-valuable soccer team in the world, per Forbes — won its 19th Serie A title last season and is currently second in the domestic standings behind Napoli. 

New Investor 

In August 2022, MLB’s New York Yankees and the Main Street Advisors investment fund reportedly became stakeholders in Milan. The deal could bring the Serie A club’s broadcasts to the Yes Network — a regional sports network owned by the Yankees, RedBird, Amazon, and others.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

exclusive

Newly American-Owned Italian Hoops Team Hires Ex-Pelicans Exec as GM

Napoli Basketball is hiring the Pelicans’ former chief of staff as GM.

Brett Yormark: Big 12 Puts Private Equity and Naming Rights on Pause

Big 12 commissioner Brett Yormark is shifting his conference’s strategy.
Oct 26, 2024; Los Angeles, California, USA; Los Angeles Dodgers designated hitter Shohei Ohtani (17) injures left shoulder whilte attempt to steal second base in the seventh inning against the New York Yankees during game two of the 2024 MLB World Series at Dodger Stadium.

Yankees-Dodgers Clash Draws TV Spotlight, Sky-High Prices

The teams’ lone regular-season series features three nationally aired games.

NBA East Finals Delivers Strong TV Ratings, but West Is Struggling

The Pacers and Thunder are both up 3–1 in their conference finals series.

Featured Today

PSG and the City of Paris Can Join European Soccer’s Elite

What a maiden Champions League title would mean for the French club.
May 30, 2025

How the Champions League Anthem Took on a Life of Its Own

The composer didn’t know he wrote a timeless hit three decades ago.
May 25, 2025

How Rolex Paved the Way for Luxury’s Love Affair With Tennis

“It’s almost impossible to think about tennis without thinking about Rolex.”
Mar 23, 2025; Miami, FL, USA; Alexandra Eala (PHI) reacts after winning a point against Madison Keys (USA)(not pictured) on day six of the Miami Open at Hard Rock Stadium.
May 24, 2025

Alex Eala Is Defying Her Country’s Odds to Make French Open History

The Philippines native has overcome a unique set of financial odds.

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

In Episode 7 of Portfolio Players, go inside the boardroom with Avenue Capital CEO and former Milwaukee Bucks co-owner Marc Lasry on Giannis’s future, women’s sports, and upstart leagues like TGL and Unrivaled. 
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.
March 4, 2025

Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever

Barkley is coming off a historic 2024 season with the Eagles.
February 18, 2025

Tiger Woods Signs First PGA Tour Player to Wear Sun Day Red

Karl Vilips will wear Sun Day Red at his season debut at the Mexico Open.
Teammates embrace during matchup in The Hundred cricket league
February 15, 2025

Google, Microsoft, Adobe CEOs Buy Stakes in Cricket League

The England and Wales Cricket Board raised £520m by selling team stakes.