Buenos Aires Times

sports FOOTBALL - TRANSFERS

Higuaín signs for AC Milan, paying price for Ronaldo's switch to Juventus

Milan signs 30-year-old on a one-year loan deal worth a reported 18 million euros (US$21 million) that gives them the option to buy the striker next summer for a further 36 million euros.

Today 07:11 PM
Gonzalo Higuaín has signed for AC Milan, after being told by Juventus he could leave the club in the wake of the signing of Cristiano Ronaldo from Real Madrid.
Gonzalo Higuaín has signed for AC Milan, after being told by Juventus he could leave the club in the wake of the signing of Cristiano Ronaldo from Real Madrid. Foto:AC MILAN

More Sports News

Argentina striker Gonzalo Higuaín on Thursday moved to AC Milan in a three-player swap deal between the seven-time European champions and Juventus that will see Leonardo Bonucci return to Turin after just a season away.

Milan signed 30-year-old Higuaín on a one-year loan deal worth a reported 18 million euros (US$21 million) that gives them the option to buy the striker next summer for a further 36 million euros.

Italy centre-back Bonucci has been swapped for promising Mattia Caldara just weeks after Caldara arrived at Juve following his transfer from Atalanta, which was agreed in January 2017.

Higuaín left Juventus, where he won two Serie A titles and scored 40 goals in 76 league appearances, following the shock signing of Cristiano Ronaldo from Real Madrid that made the Argentine international surplus to requirements.

Italian media reported that Higuaín's transfer had been structured to allow Milan to comply with UEFA's Financial Fair Play regulations, which they fell foul of last season.

Last season, Milan scored only 56 goals in Serie A, a figure which put them at a serious disadvantage compared to major rivals Juventus, Napoli and Roma as well as bitter city rivals Inter Milan who all claimed Champions League places.

"A new adventure begins," said Higuaín after undergoing his medical.

The move opened the door for Bonucci to return to Turin, where the defender won six league titles and reached two Champions League finals. 

The 31-year-old Bonucci returns to Juve after just one season with Milan, who could only finish sixth last season and missed the Champions League despite spending over 200 million euros (US$233 million) on new players last summer.

A reported 42 million euros of that were spent on Bonucci, who was made captain but fell short of the imperious form he showed at Juve.

"Turin and Juventus are home for me. It's difficult to imagine that this has happened," said Bonucci. "I am delighted and excited to be back."

Milan are trying to bounce back after a troubled spell following the sale of the club to Chinese owners in April last year, but poor performances on the pitch were compounded in recent months by fears over their financial survival.

UEFA booted them out of next season's Europa League for violating the financial regulations, only for the ban to be overturned by the Court of Arbitration for Sport on July 20 following hedge fund Elliott Management's takeover earlier in the month.

The US firm took control after the Chinese consortium led by Li Yonghong that ran Milan, long rumoured to be struggling financially, failed to repay 32 million euros lent by Elliott.

Elliot has pledged to inject 50 million euros to bring financial stability to the club.

- AFP

Poll

Op-Ed

Top Stories

  1. 1Police suspect 12-year-old girl's suicide linked to WhatsApp terror game MomoPolice suspect 12-year-old girl's suicide linked to WhatsApp terror game Momo
  2. 2Electricity prices in City, GBA to rise by 24 percent
  3. 3CFK ordered to testify as key Kirchnerite figures are arrested in graft raids
  4. 4Judge Bonadio seeks to strip CFK of Senate immunity, again
  5. 5Uber, Cabify win approval to operate in Mendoza province
  6. 6Macri acknowledges inflation will hit 30 percent in 2018
  7. 7Gas explosion kills two in Greater BA public school
  8. 8Argentina’s richest 10% control more wealth than 60% of the country
  9. 9'It's like selling aspirin' – a year of marijuana in Uruguay's pharmacies
  10. 10Hope, love and values: 110 years of Japanese migration to Brazil