Tuttosport: Over €16m slashed from Milan’s wage budget but Gazidis wants further cuts

By Oliver Fisher -

AC Milan CEO Ivan Gazidis wants to further reduce the club’s current wage bill after making savings in January, a report claims.

According to what Tuttosport are reporting on Monday (via MilanNews), the lowering of the wage bill began in the most recent window thanks to the sales of Suso, Reina, Caldara, Piatek, Borini and Rodriguez – a saving of €25.7million in total.

Despite the arrival of Zlatan Ibrahimovic and the other experiences arrivals in the winter market such as Simon Kjaer and Asmir Begovic, the total salaries paid by Milan to its players has dropped in a very significant way from about €96million euros the current €79.8m (-€16.2m).

This is a very important cut that has occurred thanks to the sale of some of the players with the highest salary in the squad, and with Lucas Biglia set to depart in the summer Milan will save a further €6.5m gross.

The salaries still weigh almost 40% on turnover for the club and therefore new cuts will be needed and the new players who arrive will have to adhere to the guidelines set. For this reason, in the summer Milan will take into consideration above all young players who do not earn much.

Tags AC Milan Ivan Gazidis