• Premier League

Corinthians ponder proposed Tevez terms

Harry Harris, ESPNsoccernet
July 19, 2011
Carlos Tevez's future could be nearing resolution © Getty Images
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ESPNsoccernet understands that Corinthians are close to making a final decision over Manchester City striker Carlos Tevez, after City sent them a letter detailing changes to the terms reportedly agreed at the weekend.

Despite reports that Corinthians' bid of £44 million with £4 million in add-ons had been accepted, the Brazilian side released a statement on Monday that said: ''Manchester City has not accepted Corinthians' offer for the player... In fact, the club (City) sent a counter-proposal in which the Premier League club asks for changes in the form of payment and also in the total value of the transaction.''

And ESPNsoccernet can now reveal the controversial contents of City's letter, as the Brazilian club have just 24 hours left before the end of their transfer window on Wednesday to complete a deal.

City have made three demands, the first of which requires Corinthians to raise their offer by around £3 million to almost £47 million including the add-ons - which brings the final fee closer to City's original valuation of £50 million.

City also require that the first of the four agreed instalments is brought forward, while Corinthians have also been asked to produce a bank guarantee to prove that they have the funds to complete the transfer.

Corinthians are sure to seek clarification from City about precisely what they mean by a bank guarantee, which in its normal business sense might take (in some instances) as long as two to three weeks to put into place.

ESPNsoccernet also understands from City's letter that the Premier League club wish the transfer to be completed "as soon as possible'', but with negotiations continuing and Corinthians yet to respond, it is expected to carry on until Wednesday's deadline.

© ESPN Sports Media Ltd.
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