AC Milan will be able to benefit from amortisation after securing the signing of Fikayo Tomori on a permanent basis from Chelsea, a report has revealed.
Tomori’s permanent signing was announced yesterday and it is certainly a very fitting example of the concept that hard work pays off. The English defender not only proved to be a great professional during his loan spell, but also became an immovable member of the starting XI.
This morning, Calcio e Finanza are reporting that Milan will pay €28.5m to the Premier League side to keep the 23-year-old, but it won’t weigh as one lump sum on the budget. Given that the player has signed a contract until 2025, the amortisation charge on the 2021-22 budget will be equal to €7.13m – the transfer fee divided by four.
The salary Tomori received must be added to this, while the Growth Decree comes into effect to give a 50% discount on tax given he has come from abroad and will stay for over two years.