AC Milan are closing in on being able to confirm Ralf Rangnick as their new manager, according to the latest reports.
According to SportMediaset (via MilanNews), Rangnick and Milan are getting closer to being able to begin a new adventure together in time for the 2020-21 season, but first the German must free himself from his contract with Red Bull.
His lawyers are currently at work with representatives of the Austrian group to define the exit, for which Milan will likely have to pay a compensation fee.
Next week, Rangnick could fly to London to meet Elliott’s top management. For the German, a three-year contract is ready with the option for a fourth year is ready, at a salary of €5million per season.
Gianluca Di Marzio believes meanwhile that Red Bull will claim compensation for a figure between €7-8million as an initial request. Therefore, in order for him to sign with Milan, an agreement with them will have to be found.