{"id":81802,"date":"2023-01-27T15:22:52","date_gmt":"2023-01-27T15:22:52","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/italys-finance-police-probe-ac-milans-1-3b-takeover"},"modified":"2023-01-27T16:07:54","modified_gmt":"2023-01-27T16:07:54","slug":"italys-finance-police-probe-ac-milans-1-3b-takeover","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/italys-finance-police-probe-ac-milans-1-3b-takeover","title":{"rendered":"Italy’s finance police probe AC Milan’s $1.3B takeover"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Italy\u2019s finance police (Guardia di Finanza) launched an investigation Thursday into the sale of football club AC Milan last summer, the state-run ANSA news agency reported.<\/p>\n

ANSA said police seized documents from the Milan offices of US investment firm RedBird Capital Partners, who purchased AC Milan for \u20ac1.2 billion ($1.3 billion) on Aug. 31, 2022 after entering into an agreement with Elliott Advisors UK Limited.<\/p>\n

It added that Blue Skye Financial Partners, a Luxembourg-based holding company with a minority stake in AC Milan, complained about former owners Elliott and attempted to block the club’s sale to RedBird.<\/p>\n

Following the complaints, Guardia di Finanza began an investigation and seized some documents, but AC Milan’s headquarters were not searched.<\/p>\n

Established in 1899, AC Milan has amassed many honors, including 19 Italian top-tier Serie A titles, seven UEFA Champions League trophies, five UEFA Super Cups and a FIFA Club World Cup.<\/p>\n

AC Milan are the defending Italian champions. In May, they won the Serie A after 11 years.<\/p>\n

Italian authorities have begun putting football clubs under the microscope to monitor their financial transactions.<\/p>\n

Last week, Italian football powerhouse Juventus were given a 15-point reduction in the standings in the Italian top-tier Serie A for capital gains violations.<\/p>\n

Juventus were reportedly being investigated for “false accounting” and “market manipulation.”<\/p>\n

The Italian Football Federation (FIGC) confirmed the sanction against the Turin club and banned 11 former senior executives, including former chairman Andrea Agnelli, former vice-president Pavel Nedved and former sporting director Fabio Paratici.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Italy\u2019s finance police (Guardia di Finanza) launched an investigation Thursday into the sale of football club AC Milan last summer, the state-run ANSA news agency reported. ANSA said police seized documents from the Milan offices of US investment firm RedBird Capital Partners, who purchased AC Milan for \u20ac1.2 billion ($1.3 billion) on […]<\/p>\n","protected":false},"author":84,"featured_media":81800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,17],"tags":[6857,7003,544],"class_list":["post-81802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-sport","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nItaly's finance police probe AC Milan's $1.3B takeover - kenya<\/title>\n<meta name=\"description\" content=\"Italy\u2019s finance police (Guardia di Finanza) launched an investigation Thursday into the sale of football club AC Milan l ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/italys-finance-police-probe-ac-milans-1-3b-takeover\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Italy's finance police probe AC Milan's $1.3B takeover\" \/>\n<meta property=\"og:description\" content=\"Italy\u2019s finance police (Guardia di Finanza) launched an investigation Thursday into the sale of football club AC Milan l ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/italys-finance-police-probe-ac-milans-1-3b-takeover\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-27T15:22:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-27T16:07:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1674820380.02.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/italys-finance-police-probe-ac-milans-1-3b-takeover#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/italys-finance-police-probe-ac-milans-1-3b-takeover\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Italy’s finance police probe AC Milan’s $1.3B takeover\",\"datePublished\":\"2023-01-27T15:22:52+00:00\",\"dateModified\":\"2023-01-27T16:07:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/italys-finance-police-probe-ac-milans-1-3b-takeover\"},\"wordCount\":265,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/italys-finance-police-probe-ac-milans-1-3b-takeover#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1674820380.02.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"sport\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/italys-finance-police-probe-ac-milans-1-3b-takeover#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/italys-finance-police-probe-ac-milans-1-3b-takeover\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/italys-finance-police-probe-ac-milans-1-3b-takeover\",\"name\":\"Italy's finance police probe AC Milan's $1.3B takeover - 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