Thursday, August 24, 2006

AC Milan reach agreement with Ronaldo

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AC Milan have already struck personal terms with Real Madrid striker Ronaldo.

The Brazilian is expected to return to Milan this week after the Serie A giants made an opening round offer of £11.5 million. Real president Ramon Calderon is seeking £13 million.
Meanwhile, Milan director Ariedo Braida has secured Ronaldo's commitment over a three-year contract worth £5 million-a-season.
An agreement was also struck yesterday over Ronaldo's image rights. Milan are keen to rebuild their brand across Asia and also tap into the Indian market using the Brazilian's high-profile and Braida has negotiated a split, 50-50, over image rights with the striker.