Ronaldinho to join AC Milan

Posted on 2008-07-15

AC Milan have beaten Manchester City in the race to sign Barcelona playmaker Ronaldinho after revealing they have reached an agreement in principle on a three-year deal for the Brazilian.

The Serie A club made the announcement on their official website following a day of talks between Barca president Joan Laporta and Milan vice-president Adriano Galliani in the Catalan capital.

The financial terms of the agreement have not been revealed but City's interest almost certainly pushed up the final fee.

Transfer talks between Barca and Milan reportedly stalled earlier this week, with the Italian club only willing to pay £11.9m plus up to around £4m in add-ons - £7.9m less than Barca were demanding.

But the Rossoneri are understood to have increased their bid by around £4m after City were reportedly waiting with a bid of £27.8m.

The Italian club confirmed that the formal completion of the deal now hinged only on the Brazil international successfully completing a medical.

"AC Milan and FC Barcelona have reached a principle agreement for the transfer of Ronaldinho to the Rossoneri," read a short statement on Milan's official website on Tuesday. "The player will be in Milan tomorrow (Wednesday) to undergo the medical examinations and sign the contract that will bind to Milan until June 30, 2011."

 

Sourced From : Gooners Football Blog