Tuttosport: Milan owners pulled plug on deal for Dani Olmo – the key reason

By Oliver Fisher -

Ellliott Management were ultimately the reason that Milan missed out on the signing of winger Dani Olmo from Dinamo Zagreb, a report claims.

The Rossoneri were strongly linked with a move for the Spain international during the January transfer window which follows on from links during the summer, and at one point it was reported in Croatia that a deal was almost completely agreed.

Zvonimir Boban was the one negotiating and he used the excellent relationship he has with his compatriots to try and get everything over the line, but then instead everything stopped.

As Tuttosport reveal today (via MilanLive) Elliott Management in fact denied the extra budget for the operation. A figure that when considering commissions to the player’s entourage (€7million), the transfer fee and bonuses would have far exceeded the €20m put on the table by Milan.

In the end RB Leipzig and Ralf Rangnick swooped in to secure a €25million deal plus a further €10m in potential bonuses and 10% on the future resale, not forgetting the €2.5million net salary Olmo will earn on a four-and-a-half year deal.

Elliott pulled the plug on the deal due to Financial Fair Play constraints and an already tight budget. Rangnick rejoiced at the time, but he will not be overjoyed if he joins Milan and everything comes full circle.

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Tags AC Milan Dani Olmo