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Milan blames losses for Kaka sale

AC Milan needs to sell Kaka to make up for huge financial losses, club President Silvio Berlusconi and Chairman Adriano Galliani said.

"Even Milan has had unthinkable balance sheets with losses of 50-60 million euros per year," said Berlusconi, who is also Italy's premier. "In these times we can't afford these losses."

Real Madrid has offered 65 million euros (US$92 million) for Kaka and a five-year contract with an annual salary of 9.5 million euros.

Real Madrid President Florentino Perez said he was determined to sign both Kaka and Manchester United's Cristiano Ronaldo, but acknowledged a deal was far from concluded for Kaka.

"The (date of the) presentation is not the problem. The problem is whether we're capable of getting him to play for Real Madrid, something we haven't been able to do so far," Perez told Spain's Antena 3 television.

Berlusconi told Telelombardia TV on Thursday that Milan wanted Kaka "but it also wants players who are completely sure they want to play for Milan."

"Kaka is an extraordinary kid but he still has a relatively short career and it's only right that he thinks about his (finances)," he said. "An increase to Kaka's salary would require an increase for everyone on the squad and Milan cannot permit that."

Chelsea, meanwhile, denied that it had made an even bigger offer for the 2007 world player of the year.

Chelsea solution

"The Chelsea solution does not exist," Galliani said in Thursday's Gazzetta dello Sport. "Kaka will go to Real or he will stay at Milan."

Berlusconi indicated that no deal would be finalized with Real until after this weekend's European Parliament elections.

"I'm in the middle of an election campaign and therefore I've asked that Kaka and Galliani not take any decision before they have the chance to have dinner with me, and I think I'll invite (Kaka) on Monday," Berlusconi said.

Perez welcomed Chelsea's denial of a competing bid as "good news" but said the situation is complicated.

"All I can say is we have good relations with Milan. Everyone knows I'm a friend of Adriano Galliani, which would help with this deal," he said. "I think the player too has shown his willingness to come to Madrid but it's all complicated. It's very difficult to work under this pressure."

Kaka, turned down a world-record 100-million euro offer from Manchester City in January, flew home on Monday to Brazil to join the national team for World Cup qualifiers and the Confederations Cup.

Kaka's impending departure has fueled rumors that other players could also leave Milan. Carlo Ancelotti reportedly wants midfielder Andrea Pirlo to follow him to Chelsea, and the agent for striker Alexandre Pato has said his client is reconsidering his options.


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