Thanks to Raimondo, RI Retirees May Own a Piece of AC Milan Via a GOP Mega-Donor

Jul 11, 2018 310

It is unlikely that Gina Raimondo will roll out a television commercial touting that members in the Rhode Island retirement system may now be the proud part-owners of a top-tier professional soccer club in Italy — AC Milan, but thanks to an investment by Raimondo as Rhode Island's General Treasurer it may be a reality.

The ownership interest in the soccer club is tied to a controversial investment decision she made in which she invested $70 million into hedge fund Elliott Management — run by Paul Singer. He was the seventh largest political donor in America in the 2016 election cycle — donating over $26 million to Republican candidates according to Open Secrets.

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