Manchester City boss Mark Hughes has explained the thinking behind their failed £100 million bid for AC Milan star Kaka.
Hughes said: "I know what people think about the figure of £100million for one player, but it was for a five-year contract. Some clubs spend £20m each year on players that are nowhere near as good as Kaka. We were spending that each year for five years, but each year we were to get Kaka. I felt comfortable with that.
"I went to the first meeting we had about it in Germany two or three months ago. I spoke with Kaka's father, always very positive. There are lessons to be learned from this.
"A lot of people at this club are new to the football business and maybe we need greater knowledge of what makes deals happen. I never had the opportunity to sit with Kaka, so I don't know if that would have made a difference, but I wasn't intimidated by the thought of managing him."