Brazilian side can’t afford to meet AC Milan man’s current salary expectations.
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Brazilian side Santos have abandoned their attempt to sign AC Milan forward Robinho, due to financial issues according to Goal.com.
The Brazil international will be out of contract next summer so Milan are looking to cash in on the former Manchester City player this summer, with the two clubs [Milan and Santos] reportedly agreeing a €8.5million fee.
Santos vice president Odilio Rodrigues has requested that the 29 year-old lowers his wage demands if he is serious about joining his former employer.
“I hope Robinho will lower his wages again,” Rodrigues told Gazeta Esportiva.
“Milan have set a very high valuation on the player and we hope this can be cut to make the operation more do-able.”
But contradictory reports came out of Italy today, with quotes from Milan vice president Adriano Galliani saying, “Santos decided to end the negotiations. It’s over. He is staying at Milan.”
With the recent departure of wonder kid Neymar to Spanish champions Barcelona for €57million, it seems remarkable that Santos would struggle to afford a player for just €8.5million, even if on his current wage.
The 21 year-old’s move did cost Barcelona the reported fee, but it turns out the South American side will only receive €9.35million from the sale due to third party ownership having to be bought out. Teisa Group and DIS received 45% of the €17.1million Barcelona paid for full ownership.
Documentation also states that €40million was paid to other parties such as Neymar’s dad in order to persuade the star to join the La Liga champions.