AC Milan are set to save €7.1 million thanks to Samu Castillejo’s departure which is set to be confirmed very soon, a report claims.
As has been reported by Calcio e Finanza, who specialise in the financial side of the game, the Rossoneri will be happy to recoup some money on the wage bill this summer which can be used to help fund other moves.
The actual details of the fee that Valencia are paying for the Spanish winger are not yet known but his market value at the end of June was €4.3 million and then his wages are currently €2.6 million.
That means that at least €7.1 million are going back into the pocket of Milan ahead of next season.
Given that money does not seem to be in abundance for the Rossoneri, every bit helped and those figures could feasibly be put into a new backup defender to add more depth.
Hmm 🤔 I’m not really good at finance so I’m wondering how his residual value goes into our coffers seeing as we’re not getting a transfer fee. Can someone please explain
I’m not sure what his balance sheet value is at the moment, but basically it will have to get written off as a loss in terms of transfers in FFP, probably just about offset by the wage saving though it’s possible this won’t quite account for the shortfall in ‘selling’ below his value.
Without more facts, the premise of this article is incorrect. Losing 4.3M off the balance sheet does not mean you’re gaining 4.3M in cash, unless you’re actually paid that 4.3M by Valencia.
Precisely.