[m1ke]

Milan Vice-President Adriano Galliani has today spoken to shareholders, revealing the Via Turati club to be £24m in the red.

The 63-year old who, since Silvio Berlusconi stepped down earlier this week, has taken the role of President in all but name, moved to reassure the Rossoneri's worried investors.

“To get the books back in order it would be enough to sell Kaka to Real Madrid for £55m,� remarked Galliani to the consternation of Milan's money men.

Shareholders are believed to be angry at the club's recent form on the pitch and in the transfer market.

According to a report in Italian newspaper La Stampa, some investors are unwilling to contribute money to this summer's transfer budget.

Galliani refused to accept all the blame, insisting that they were just as responsible for the Diavolo's current troubles.

“Last year they begged me to renew Dida's contract and adhere to the requests of Emerson, Cafu, Serginho and Favalli.�

Milan have been labelled an old side of late and criticised for not investing enough in young talent, Alexandre Pato aside.

But Galliani defended the Rossoneri's policy, saying: “Footballers are like cars, their condition changes year on year.�

The Diavolo have recently been heavily linked with troubled Barcelona forward Ronaldinho. The 28-year-old has been in limbo this year, but Galliani believes he can get back to his best.

“At the moment he reminds me of when he was at Paris Saint-Germain in 2003. I don't think he'd have a problem playing in the UEFA Cup either. Luca Toni has for Bayern Munich.�

[fahad]

oh doesent silvio has most of the shares ( i tought he had the whole club) does anyone know what is thepercentage of investors