He Milanif it is confirmed that the transfer of ownership of the club between US funds has not been carried out legally Elliott and red birdrisk of financial punishment, but also a sporting one that could have effects on Serie A and the UEFAavoiding European competitions.
“If he Milan have lied, hide an asset that does not match what they say, the club may be penalized or excluded from competitions UEFA; or with financial penalties; or reaching an agreement with UEFA (not signing in some windows, not spending more than the agreed amount…)”, he declared in EFE lawyer Angelo Cascellasports law expert and former member of the European Court of Arbitration for Sports (CAS).
Milan and possibly Arab investors, the trigger
It all started this Tuesday, when the Financial watchdog The Italian (financial police) searched the headquarters of Milan in search of documents that would confirm the transfer between the two investment funds, which are now in question, because everything indicates that it is still the fund Elliott maintains control over the group.
“It seems that there are documents of Milan used to get investors from Arab funds. And they can be a kind of acknowledgment of ownership of the fund Elliott and not from existing funds red bird“said the expert.
“The members of the board of directors of Milan Many of the former, incl Elliott. The company that manages the communication is the same. Furlani, current executive director of the club, is on the board of directors of Elliott“, he pointed out Cascella.
“All these aspects together suggest that the sale is fictitious, simulated. This is, in any case, the beginning. It is necessary to see everything, verify everything,” he pointed out.
The hypothesis that works Milan Prosecutor’s Office (north) is a crime of “obstructing the administrative activity” of the Italian Football Federation (FIGC) in the legal requirements of the companies that own the football teams, because it did not correctly notify the change of its ownership .
Facing another possible ‘Juve Case’
“The FIGC Now he will open a file where he will have to investigate and ask the prosecutor for all the documents, which will help the FIGC Prosecutor’s Office to check if there were any illegalities,” he explained. Cascellawho added that ordinary justice will take a longer path than sports justice.
Code of Sports Justice (CJD) articles that may have been skipped Milan They are 32.5, 20 and 4.
“The regulations provide that the main issue is non-compliance with article 32 and that there was a simulation of a sale where Elliot remains the owner,” he said. Cascella.
“If the company (Milan) has not declared its structure correctly, in bad faith, it receives a penalty. Financial fine and/or penalty points (Serie A),” said the lawyer.
Article 20 bis of the CJD also provides that “the information on corporate participations must be correct”, in order to add the sports and economic sanctions.
And article 4 of the CJD, in which ‘Juve’ was sanctioned last season, talks about “loyalty and loyalty”: “Every person who signs for the CJD has to be honest and loyal. The ‘Juventus’ was judged for dishonesty and dishonesty and deducted 10 points,” Cascella recalled.
UEFA, timeshare comes in: Elliot owns Lille
In the UEFA code there are two main articles, 4 and 5.
Number 5 refers to timeshare, because a team cannot have two teams registered in the same competition. Lille and Milan They played in the Europa League this season.
“And number 4, more important: procedure and entering competitions. If the Milan has lied, hides property that does not belong, the club may be punished or excluded from competitions; or with financial penalties; or reaching an agreement with UEFA (not signing in any window, not spending more than a certain amount…)”, he pointed out. Cascella.
The possible penalties, both of UEFA like the FIGC, will not come in time this season if the irregularities are guaranteed.
“Times are precious and the path forward for Milan It has just started, a long process and, if there is a sanction because there are irregularities and crimes shown, for the next campaign,” commented the expert.
Furthermore, the ordinary Italian justice system will act alone and, in time, the penalties may be different; even if found guilty of a sporting offense and not a criminal offence.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
