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RedBird, Liverpool investor group at center of embezzlement probe over AC Milan purchase

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Controversy for Liverpool investors as Redbird’s £1bn takeover of AC Milan in doubt

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Italian prosecutors are investigating the ’embezzlement’ linked to RedBird’s takeover of AC Milan worth £1bn.

Blue Skye Investment Group, who own a minority stake in the club, lodged an initial complaint last September regarding financial misappropriation during the deal.

Italy’s police force has since been collecting documents surrounding the purchase and have not accused any individuals for their alleged involvement.

Although there was an unsuccessful appeal from Blue Skye which attempted to halt the completion of the transfer, it was eventually withdrawn.

RedBird completed it’s €1.2bn takeover of Milan on August 31 along with another group that bought a minority stake- owned by New York Yankees’ owners.

The investment corporation also have ties to Liverpool Football Club via Fenway Sports group and they own Ligue 1 side Toulouse plus an Indian Premier League cricket team called Rajasthan Royals.

RedBird’s vision upon completion of the deal was to focus on delivering success as well as providing fans with extraordinary experiences at Milan Football Club.

The Italian giants currently sit second in Serie A only trailing Napoli by 12 points and will face Spurs in UEFA Champions League action next month.

This article was updated 4 weeks ago

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