AC Milan will receive an extra €15 million in funding for transfers during the summer as a result of the recent sale of the club.
Silvio Berlusconi has sold 99.93% of Milan to a Chinese consortium headed up by Li Yonghong in a deal worth €740m, which will be split into three instalments.
According to gazzetta.it, as well as those three parts, the Rossoneri will also receive an immediate boost of €15m to aid their attempts to strengthen their squad ahead of their Serie A season opener at home to Torino on August 21.
Another €85m will be paid to Fininvest within 35 days, making it possible Milan will actually have €100m to spend before the transfer window closes.
Milan have already had to abandon certain transfers this summer over limited costs, but with the sale of the club set to be all wrapped up by November, they will look to the January transfer window as a possibility for a huge spending spree for the second half of the season.