AC Milan have set the budget that Ralf Rangnick will have to work with in the upcoming transfer window, according to a report.
Wednesday’s edition of Tuttosport (via MilanLive) reports that despite post-coronavirus developments and all the situations evolving at the club, the funds available have already been decided.
Except for twists and turns, Ralf Rangnick will coordinate everything. It starts from the targets he will identify to build a squad capable of playing his way, then extends to the directors who he will bring in to carry out negotiations.
But before the health emergency broke out, the agreement for the available budget was actually €100million plus full proceeds from any sales.
However, because of the COVID-19 pandemic and the affect that a loss of matchday income has had, the budget is now €75million plus 50% of the proceeds from sales.
According to the ownership, all clubs will have less investment availability. And above all, the figures for medium-high-end players will inevitably drop.
This is therefore the plan of Elliott Management Corporation for the definitive turning point, with Gordon Singer having personally chosen Rangnick for this new era.