It’s reported Milan could sell Stephan El Shaarawy to plug a €70m hole in their balance sheet.

The club is struggling financially and their absence from Europe this season will further damage their revenue streams.

There are claims in the Italian media that they will end 2014 with a loss of €70m, a problem so large that it can only be resolved by selling a top player.

Tuttosport insist the most likely candidate for a June, if not even January, exit is El Shaarawy.

It’s reported Milan could sell Stephan El Shaarawy to plug a €70m hole in their balance sheet.

The club is struggling financially and their absence from Europe this season will further damage their revenue streams.

There are claims in the Italian media that they will end 2014 with a loss of €70m, a problem so large that it can only be resolved by selling a top player.

Tuttosport insist the most likely candidate for a June, if not even January, exit is El Shaarawy.

Tracked by Borussia Dortmund, Arsenal, Liverpool and Roma, the ‘Little Pharaoh’ is valued at around €30m.

Milan are not new to selling top stars to raise funds, having previously let go of Zlatan Ibrahimovic, Ricky Kaka and Thiago Silva.

Their team is mainly made up of loans or free agents like Fernando Torres, Jeremy Menez and Keisuke Honda.

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