€160m for rangnick transfer budget revolution and €5m-a-year salary

AC Milan’s owners Elliott Management Corporation are ready to give Ralf Rangnick a big summer transfer budget, according to report.

According to Milano Finanza (via MilanNews), Elliott’s initial commitment to managing Milan has already doubled. The Singer family continue to guarantee the necessary capital for the club and have already passed the €600million mark in terms of investment, reaching almost €650million overall.

This figure is expected to grow with Rangnick’s €5m-a-year salary, and he has also been guaranteed a huge budget for the summer spending campaign (€120-160million).

Thursday’s edition of il Corriere della Sera (via MilanNews) suggests that Milan are in for a big spending spree.

Real Madrid’s Luka Jovic, Fiorentina’s Dusan Vlahovic, Werder Bremen’s Milot Rashica, Sandro Tonali of Brescia and Dominik Szoboszlai of Red Bull Salzburg are all apparently on the club’s wish list as they look to launch a new era under Rangnick.