Elliott is not worried: no block on the sale of Milan

The sale of Milan from Elliott to RedBird will not be blocked after the resignation of the director Salvatore Cerchione and the hypothesis of a lawsuit between BlueSkye – represented by Cerchione – and Paul Singer’s investment fund. According to what is learned from qualified sources, Elliott, who holds an overwhelming majority stake in Project Redblack, is in no way worried by the position of BlueSkye which owns 4.2% of the holding that controls Milan.

The facts

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As anticipated this morning by the Gazzetta, Cerchione resigned from the AC Milan board and filed a lawsuit in Luxembourg believing that the sale to RedBird must go through the unanimous consent of Project Redblack, the vehicle that controls AC Milan through Rossoneri Sport Investiment. , in which BlueSkye of the same Circle acts as a minority shareholder.