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According to L’Equipe, Milan owners Elliott are preparing to sell the club as UEFA investigate their suspicious links with French club Lille.
The paper reports that Elliott are considering selling the club and names the Bahrain-based investment fund Investcorp as a possible buyer for the Rossoneri. L’Equipe analyses the connections between Milan and Lille reporting that UEFA are also keeping a close eye on the transfers between the two clubs over the last few years.
Back in December 2020, the American investment fund sold the French club to Merlyn Advisors, a Luxemburg-based fund founded by the Dutch Maarten Petermann and the Italian Alessandro Barnaba.
Petermann insists that Elliott has no representative in Lille or Merlyn Advisors, so they can’t ‘in any way influence the club’s decisions.’ So, why are UEFA investigating the links between Milan and Lille through Elliott?
According to the report, Birch International and Birch Associates, who have their offices at the Elliott headquarters in West Palm Beach, Florida, control Callisto Sporting, which, in its turn, Merlyn Advisors owns. At the same time, Merlyn is holding Lille’s debt through Callisto Sporting.
Milan and Lille have completed several deals over the last few years. The Rossoneri signed Rafael Leao and Mike Maignan and seem close to signing Sven Botman and Renato Sanches.
However, suspicious transfers don’t seem to be the only issue as the UEFA statute specifies that “Member Associations shall ensure that neither a natural nor a legal person (including holding companies and subsidiaries) exercises control or influence over more than one of their clubs whenever the integrity of any match or competition organised at Member Association level could be jeopardized. Member Associations shall include such an obligation in their statutes and lay down the necessary implementing provisions.”
It doesn’t appear clear from the report whether UEFA has already opened an official investigation into the matter, but Elliott seem ready to take action and that could include selling the Serie A giants in the near future.
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The paper reports that Elliott are considering selling the club and names the Bahrain-based investment fund Investcorp as a possible buyer for the Rossoneri. L’Equipe analyses the connections between Milan and Lille reporting that UEFA are also keeping a close eye on the transfers between the two clubs over the last few years.
Back in December 2020, the American investment fund sold the French club to Merlyn Advisors, a Luxemburg-based fund founded by the Dutch Maarten Petermann and the Italian Alessandro Barnaba.
Petermann insists that Elliott has no representative in Lille or Merlyn Advisors, so they can’t ‘in any way influence the club’s decisions.’ So, why are UEFA investigating the links between Milan and Lille through Elliott?
According to the report, Birch International and Birch Associates, who have their offices at the Elliott headquarters in West Palm Beach, Florida, control Callisto Sporting, which, in its turn, Merlyn Advisors owns. At the same time, Merlyn is holding Lille’s debt through Callisto Sporting.
Milan and Lille have completed several deals over the last few years. The Rossoneri signed Rafael Leao and Mike Maignan and seem close to signing Sven Botman and Renato Sanches.
However, suspicious transfers don’t seem to be the only issue as the UEFA statute specifies that “Member Associations shall ensure that neither a natural nor a legal person (including holding companies and subsidiaries) exercises control or influence over more than one of their clubs whenever the integrity of any match or competition organised at Member Association level could be jeopardized. Member Associations shall include such an obligation in their statutes and lay down the necessary implementing provisions.”
It doesn’t appear clear from the report whether UEFA has already opened an official investigation into the matter, but Elliott seem ready to take action and that could include selling the Serie A giants in the near future.
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