Tevez Deal Close

Last updated : 03 August 2007 By editor

From the Times:

'The most protracted and complex transfer saga in English football history ended last night with Carlos Tévez on the verge of joining Manchester United. The player's agents agreed to pay West Ham United £2 million to end the dispute in exchange for the club releasing the registration of the Argentina forward, a compromise that the Premier League is aware of and is expected to ratify today.

'Kia Joorabchian, who fronts Media Sports Investments (MSI) and Just Sports Inc (JSI), the companies that own the economic rights to the player, will withdraw the writ issued against West Ham last week in an attempt to force the club to release Tévez. The move will avoid potentially embarrassing disclosures during a High Court case, which had been set for August 22. MSI and JSI have paid a higher fee than the £100,000 stipulated in the contract to ensure that the player is ready for the start of the season. West Ham had wanted £5 million.

'Tévez has agreed to move to United for an initial loan of two seasons, with a fee of £10 million payable to MSI and JSI and the option of buying him permanently for a further £20 million. He will earn in excess of £3.5 million a season and is expected to make his debut against Reading at Old Trafford on Sunday week.'