Luxembourg court dismisses Elliott claim against Blue Skye in AC Milan sale dispute

FILE PHOTO: Soccer Football - Serie A - U.S. Sassuolo v AC Milan - Mapei Stadium - Citta del Tricolore, Reggio Emilia, Italy - April 14, 2024 AC Milan's Noah Okafor scores their third goal REUTERS/Jennifer Lorenzini

MILAN (Reuters) - A Luxembourg court rejected a claim filed by U.S. fund Elliott against Blue Skye, a minority investor in AC Milan, which has been challenging the 1.2 billion euro ($1.31 billion) sale of the Italian soccer club, court documents seen by Reuters showed.

Bringing a writ of private criminal prosecution, called "citation directe", in Luxembourg last September, Elliott accused Blue Skye Financial Partners and its representatives of offences including blackmail, extortion and fraudulent misrepresentation to support its legal actions against the sale.