AC Milan have a bumper summer budget ready for Ralf Rangnick to come in and begin his overhaul of the squad, according to a report.
Sunday’s edition of La Gazzetta dello Sport (via MilanNews) reports that Elliott Management will sell Milan one day, but they will not just accept any offer that arrives and are determined to increase the valuation of the club.
The Rossoneri will be led into a new revolution by CEO Ivan Gazidis, the man chosen by the Singer family to carry out the Milan project.
The paper claims that Gazidis is in almost daily contact with Rangnick. The German coach is in talks too with with Gordon Singer and Giorgio Furlani and optimism emerges from both sides that the agreement can be fully defined by the end of the month.
At the center of the discussion is the budget, or the sum that the Rossoneri will make available to Rangnick for the next transfer window.
In the pre-agreement of last December 23, Elliott had put into account an investment for €100million euros, but the Coronavirus emergency forced the club’s leaders to review the plans.
Milan would have lowered the initial quota which now instead stands at €75million. And there could be a compromise: identify a sales target and allocate any surplus for further purchases.