Further clarification is coming in on the chaos that erupted across the Milan world yesterday and which has cast doubt on the sale of the club from the Elliott Foundation to RedBird. A spokesman for the company, led by Jerry Cardinale, said: “RedBird Fund IV and its subscribers own 99.93% of Milan’s shares; The remaining 0.07 is in the hands of individual Italian shareholders who are long-time fans of the Club. The idea that RedBird does not own or control Milan is completely false and contradicts all evidence and facts, including those allegedly at the core of the investigation. When we took control of the club after closure, Elliott gave RedBird a three-year, non-voting loan.
Source: Tutto Mercato Web
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