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Elliott Management denies allegations of multi-ownership ties between Lille and Milan
L'Équipe has published an investigation into alleged ties between the French football club Lille and AC Milan during the period between 2020 and 2022, when the American investment fund Elliott Management owned Milan.
The report claims that intercepted communications and emails suggest Elliott may have exercised simultaneous management over both clubs, which would violate UEFA regulations regarding multi-ownership. The investigation alleges that these rules were bypassed using warrants, veto rights, and holding companies located in Luxembourg and Delaware.
Elliott Management has issued a firm denial, stating that the allegations are baseless. The fund noted that Italian prosecutors had already reviewed the relevant materials and recommended that the proceedings be closed without charges. Additionally, Elliott emphasized that UEFA has previously investigated the matter and determined that the fund exerts no control or decisive influence over Lille, acting only as a financier.
Entities
AC Milan · Elliott Management · L'Equipe · Lille OSC · UEFA
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Elliott maintains its relationship with Lille is strictly that of a financier. www.acmilan.com.pl · www.milannews24.com · milanreports.com
- [● 2 SOURCES] L'Équipe published an investigation into alleged ties between Lille and Milan during the period when Elliott Management owned Milan. www.acmilan.com.pl · milanreports.com
- [● 2 SOURCES] The investigation suggests Elliott may have managed both Milan and Lille between 2020 and 2022, potentially violating UEFA multi-ownership rules. www.acmilan.com.pl · www.milannews24.com
- [● 2 SOURCES] Alleged rule circumvention involved the use of warrants, veto rights, and holding companies in Luxembourg and Delaware. www.acmilan.com.pl · www.milannews24.com
- [● 3 SOURCES] UEFA previously investigated the matter and concluded that Elliott exerts no control or decisive influence over Lille. www.acmilan.com.pl · www.milannews24.com · milanreports.com
- [● 3 SOURCES] Italian prosecutors recommended closing the investigation without charges after reviewing the materials. www.acmilan.com.pl · www.milannews24.com · milanreports.com