OFFICIAL: Davide Di Gennaro Rejoins Milan

Milan have announced that 21-year-old striker Davide Di Gennaro has returned to the club permanently after they purchased the remainder of his rights from Genoa...
Davide Di Gennaro has returned to Milan after the club outbid Genoa to purchase the rest of his rights.

The 21-year-old joined the Grifoni on a co-ownership deal which saw Marco Borriello move to the San Siro last year. Di Gennaro spent the season on loan with Reggina and returned to Genoa after they were relegated. He has now been bought back by Milan who resolved the co-ownership deal they had with the Liguri via a blind auction.

A statement on the Rossoneri's official website reads:

"Owned by Genoa and Milan, even though he spent last term on loan at Reggina, Davide Di Gennaro returns to Milan.

"The Rossoneri take back the player after negotiations went to the envelope. Adriano Galliani announced the move and he also confirmed that Gianmarco Zigoni joined the club permanently."

The envelope, or blind auction is a method used by Italian clubs to decided the outcome of a player's future when he is co-owned by two clubs. Both clubs make a blind offer, put it in an envelope and it is submitted to the Lega Calcio who then open the envelope and whoever has bid highest retains the player. In this case, Milan were the highest bidders.

Salvatore Landolina, Goal.com