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Milan To Have Massive Transfer Budget This Summer

The center of Italian football this summer will be Milan where Inter and AC Milan are set to go on unprecedented spending sprees as both clubs look to reclaim past glory.

Inter’s Chinese owners Suning have promised a transfer kitty of over €100m this summer to Stefano Pioli and Milan’s Chinese consortium, Sino-Europe Sports, have reportedly agreed to a transfer budget of over €130m.

According to Gazzetta dello Sport, Fininvest is expecting €420m to be put into the club in the takeover process by Sino-Europe Sports. Of that figure, €320m is to buy the club, with €200m already paid, so only a further €100m will go toward the actual takeover.

That would leave €100m for the transfer market, but €70m of that is already earmarked to cover operating expenses occurred by Fininvest, thanks to a series of delays to the takeover.

Given that there would then only be €30m for transfers, the newspaper believes Sino-Europe will then put in another €100m to prove that they are serious.

If Carlos Bacca is sold, that money would be reinvested, so the actual budget could be higher than €130m.

Gazzetta believes that some of the names being considered are Sampdoria striker Patrik Schick, Atalanta’s Franck Kessié and Keita Balde Diao of Lazio.