16 Jan 2009

Milan confirm increased Kaka bid from Man City

11:52 am on 16 January 2009

The Italian football giants AC Milan have revealed that they have received a "colossal" bid from Manchester City for Brazilian superstar Kaka and are considering the world-record offer.

Milan acknowledged the bid for the first time on their official TV channel, claiming it's up 50 percent to 150 million euros - or over $360 million - while Kaka's reported to have been offered a salary of almost $40 million a season.

Earlier in the day there had been conflicting reports over the state of play of City's bid for the 26-year-old.

The club's assistant manager Mark Bowen had told the BBC that a deal was "very close", but an Arabian business website insisted that talks had broken down.

Kaka himself was quoted as saying that he was happy to stay at AC Milan if the club did not want to sell him, but he has given every indication in the past that he would love to play in the English Premiership at some stage in his career.