Financial losses push AC Milan to sell Kaka: club president
Last Updated: Thursday, June 4, 2009 | 8:48 AM ET
The Associated Press
AC Milan's star Kaka has reportedly received offers from Real Madrid and Chelsea. (Fabio Muzzi/Getty Images)AC Milan needs to sell Kaka to make up for huge financial losses, club president Silvio Berlusconi and chair Adriano Galliani said.
"Even Milan has had unthinkable balance sheets with losses of 50-60 million euros ($78.5 million to $94.1 million Cdn) per year," Berlusconi, who is also Italy's premier, told Telelombardia TV on Thursday. "In these times, we can't afford these losses.
"Milan wants Kaka, but it also wants players who are completely sure they want to play for Milan. Kaka is an extraordinary kid but he still has a relatively short career and it's only right that he thinks about his [finances].
"An increase to Kaka's salary would require an increase for everyone on the squad and Milan cannot permit that," he added.
Real Madrid has reportedly offered 65 million euros ($101.9 million Cdn) for Kaka and a five-year contract with an annual salary of 9.5 million euros ($14.9 million Cdn).
Chelsea, meanwhile, denied it had made an even bigger offer for the 2007 world player of the year.
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