News has been filled today with the confirmed move of midfielder Hakan Calhanoglu from AC Milan to Inter Milan. The player himself confirmed the move, and he will be be offered a million more per year, plus bonuses, to play for the blue and black. Milan fans have mixed emotions over the Turk, and at the end of the day, a lot are happy with how the situation worked out. Milan will obviously have the player off the books from here on out, but Calcio Finanza analyzed how the situation could have worked out financially had Milan and Calhanoglu agreed to terms.
The situation is a zero loss for Milan. The player will leave on a free transfer, so he cannot be monetized. Calhanoglu's net value on the balance sheet is now zero, so a sale would have generated a net capital gain. Obviously, to sell the player, he would have had to renew.
Using the figures that Inter have come to agreement on, 5 million net plus one million bonus for 3 years, Milan would have budgeted costs of 9.25 million for the next season financials for the player. A possible sale in the summer of 2022, using the 35 million market value Calhanoglu is currently listed, would have largely covered the cost of the engagement. To add to this 9.25 million gross total, agent fees to be amortized by spreading them on the basis of contract years.
Had Milan worked things out contractually with the player, they could have set themselves up for a profit next summer. Maldini and Massara had been working with the Turk for some time on a renewal, and it is apparent that both sides chose the option to go their separate ways. Those at Casa Milan instead have more money to work with this summer, and will look to reinforce their attack with a replacement.
