Soccer-AC Milan investor can obtain documents in bid to block Elliott sale

FILE PHOTO: Soccer Football - Coppa Italia - Quarter Final - AC Milan v Lazio - San Siro, Milan, Italy - February 9, 2022 AC Milan fans wave flags inside the stadium before the match REUTERS/Alberto Lingria

NEW YORK (Reuters) - A U.S. judge has authorized a minority investor in AC Milan to obtain documents in a legal effort to block the hedge fund Elliott Investment Management LP from completing a 1.2 billion euro ($1.21 billion) sale of the Italian soccer club.

Blue Skye Financial Partners, which said it owns 4.3% of AC Milan, accused Elliott of violating its rights by engaging in several months of "behind closed doors" talks to clinch a sale of the seven-time European Cup winners to U.S. investment firm RedBird Capital Partners.