Premier League
Milan owners are interested in buying shares in Chelsea
The American investment company Elliot, owned by Milan, financially supports Nick Candy’s proposal to take over Chelsea and buys a small stake in the Blues shares in order to avoid legal problems with the Rossoneri’s management.
The American investment company Elliot Management, which is Milan’s main shareholder, is among the companies supporting Nick Candy in his attempt to buy Chelsea, according to “Sky News”.
The disclosure of this news follows the fact that the entrepreneurs or groups of companies that submitted a proposal to buy Chelsea have been notified and will be notified on Wednesday (March 23-24) whether they will be included in the list of entrepreneurs were included in the next phase to claim the blue market.
The report says the company’s stake in Chelsea will be below the multiple ownership limit set by UEFA as problematic. In fact, the sources citing this publication state that the company will have no right to exercise management or vote on the board of directors.
According to UEFA regulations, when two teams are controlled by the same owner (which owns a majority stake) and play against each other, an agreement should be reached to leave the series. However, Sky News points out that there is no such risk for Milan and Chelsea.
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