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Tevez transfer collapses

Carlos Tevez's exit from Manchester City may have to wait until January © PA Photos

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The deal between Manchester City and Corinthians for striker Carlos Tevez appears to have collapsed, with the Brazilian club revealing they are unable to make the first payment immediately.

Corinthians now say they are in no position to make an up-front payment, and with the transfer window in Brazil closing on Wednesday, the club have made a statement on their official website suggesting the Argentine will have to remain with City until at least next January.

"The board of Sporting Club Corinthians hereby officially announce the impossibility of hiring the Argentine striker Carlos Tevez," the statement said.

"While acknowledging the efforts of Manchester City and all involved in the negotiation, more time is needed for the transfer to be achieved, given that the window to sign players from abroad closes on Wednesday, July 20.

"There is no more sufficient time for the transfer to go through. We are aware our fans wanted Tevez to join our club again and we hope we can have the player with us in the future."

It is understood City requested Corinthians make their first payment before the transfer is completed, instead of early in 2012 as stated in the Sao Paulo club's original offer, forcing negotiations to stall.

Corinthians' director of football, Duilio Monteiro Alves, earlier confirmed the negotiations were not going well, saying: "I'm pessimistic. City want us to start the payments now, and we cannot do that."

Adrian Ruocco, Tevez's attorney added: "Regrettably, judging from the pace of negotiations right now, it is improbable that we will come to any agreement with Corinthians," he told Lancenet.

"The only thing that stands in the way of a deal is this matter about the first installment. But we will wait until Wednesday, that is the only thing we can do."

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