AC Milan Reject £91m ($132m) Offer from Manchester City for Kaka

Manchester City made a record-breaking £91m ($132m) bid to AC Milan for Brazilian star Kaka.  Milan rejected it.

The transfer would have trumped the record £46m paid by Real Madrid to Juventus for Zinedine Zidane in 2001.  Reports indicated Manchester City were willing to offer Kaka £500,000 per week, roughly three times the current top salary in the Premier League.

Kaka’s agent said the 26-year-old would have spoken to Manchester City, should the club have agreed to a fee with A.C. Milan.  Though, Kaka expressed his wish to stay with the Rossoneri.

“What happens will be decided by Milan.  I will be here until they don’t want me here,” Kaka said.  “As long as my aims are the same as the club’s aims, I would like to remain here.”

Rejecting the offer was sensible for Milan.  Kaka is irreplaceable, even a palatable replacement could cost £30m.  Milan receives a minimum of about £40m for playing in the Champions League next season, far more likely with Kaka than without him.

Because Kaka has a ten-percent fee clause, £9.1m of the transfer money would have gone directly to him.

UPDATE: The deal may not be off after all.

Filed under: Football, Premier League, Serie A, Soccer, Transfer Rumor, AC Milan, Kaka, Manchester City

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Filed under: Football, Soccer, Arsenal, Arsene Wenger, Corinthians, David Beckham, Flamengo, Fred Wilpon, Newcastle, Nicklas Bendtner, Nike, Ronaldo