I'll be a bit disappointed in Milner if this goes through. He'll be going to a squad that could be title challengers and could get into the CL. But on the other hand he might be limiting his first team opportunities, they might not get 4th again or, worst for Milner, he might not perform as they want him to and he'll be one of the many City outcasts who get replaced within a season.
However! £28m is a lot of money and if we get it right we could really work this to our advantage.
£28m from Milner & around £20m from the rest of the fringe players or input from RL.
(Rough estimates - Shorey £2m, Beye £1m, Davies £6m, L Young £3m, NRC £5m, Sidwell £3m)
We could buy:
Ireland £12m
Van Der Wiel £15m
Rodallega £14m (or an alternative striker for £12m-£15m)
And still have a few million left to boost the squad (or maybe buy a defensive midfielder to gradually replace Petrov)