MN: An economic analysis of Milan’s interest in Chelsea midfielder


AC Milan have essentially found themselves in a situation where if they want to bring Tiemoue Bakayoko back, they can.

The player seems more than happy to return – like pretty much every media outlet anyway – and it only remains to weigh the economics of the deal.

Milan News did exactly that, as they analyzed the costs that could be involved in re-signing the Frenchman in the coming window.

Bakayoko was bought by Chelsea in the summer of 2017 for 40 million euros. The following year, after a bad season in London, the Blues decided to let him go, sending him to Milan with the intention of not losing a cent.

He joined on a paid loan of 5 million euros plus a purchase option set at 35 million euros which has not been exercised. If the Rossoneri had bought him in 2019, Chelsea would have realized a capital gain of 16 million euros due to the depreciation.

Now, after a return to Monaco on loan that did not go perfectly, Bakayoko will return to Chelsea with a residual balance sheet value of € 15.3m, which will become € 14.6m in September.

Roman Abramovic’s club rarely grant discounts, so the demand is likely to be € 20million, unless Milan are able to secure a one-year loan with obligation to purchase at a slightly lower amount.

The real problem, however, is Bakayoko’s € 6.5million salary. If Bakayoko really wants to dress the Rossoneri again, he will have to spread out his residual salary which in September will be around € 12m net (his contract expires in 2022).

It could therefore become a four-year contract at € 2.5 million net plus bonus, reaching around € 12 million in total. The whole operation, if structured in this way, would cost Milan around 35-40 M € in total, which is not a small amount but it must be considered that last year it could have been double.

What Milan have to assess in the coming weeks is how to structure their midfielder. Stefano Pioli asked for two ‘starters’ Bennacer and Kessie, so ready-made players who can alternate with them.

Florentino Luis is a name that keeps coming up, but MilanNews add that the club is unlikely to spend “big” on two players. What is more likely is that the fourth midfielder’s place can be taken by a young player like Tommaso Pobega.

Therefore – given the age of Bennacer (21) and Kessie (23) – going for an experienced player might be the best solution. Bakayoko is far from old since he is not yet 26 years old, he would not cost a fortune and could regularly alternate with the African duo.

The real question mark is linked to his physical condition since his last official match dates back to March 7. If Milan bought him at the end of the window, so at the end of September, the French will have spent seven months without a match strictly speaking.

It would take time and patience to bring him back to optimal levels, but Pioli’s system could be what it takes to get Bakayoko back to the heart of the matter.

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