Former Azul Azul president Michael Clark declared to the Financial Market Commission on December 10, 2024, that he holds no ownership stake in any Sartor group company. Three days later he acquired control of the club through his firm Antumalal.
In a two-hour videotaped proceeding before prosecutor Andrés Montes, Clark detailed his role as independent director at Sartor AGF. He stated he is not a partner, has no office or corporate email, and attends only one or two monthly meetings.
Clark explained that his firms Redwood Capital, Antumalal and Kaysen hold no investments tied to the Sartor group, except for an 875 million peso loan that was refinanced and repaid in July 2024. He acknowledged approving credit operations for companies linked to the group’s controllers.
The CMF later sanctioned Clark with a fine of 65,000 UF and a five-year ban from directorships. He simultaneously faces civil and criminal complaints plus arbitration over patrimonial damages exceeding 100 million dollars to Sartor fund investors.
