M
TS
Monday, October 14
Collect News Data

League One

/esi/1339/6_A_1_368095_0/index.html?art_id=368095&ESI

Velez Sarsfield receive settlement for former Sunderland midfielder Alvarez

:Headline: Velez Sarsfield receive settlement for former Sunderland midfielder Alvarez:
The Black Cats found themselves involved in a lengthy legal wrangle.
PA | 2mo

Velez Sarsfield have been paid more than £335,000 to settle their claim over former Sunderland midfielder Ricky Alvarez following a lengthy legal wrangle, the Argentinian club has announced.

Velez have received 362,500 euros – around £335,330 – under the FIFA solidarity mechanism, which compensates clubs who have helped to develop players, in the latest twist in the saga of the Black Cats' ill-fated 2014 swoop for the winger.

A statement on the club's official website said: "After an arduous negotiation without results, Velez raised a claim before FIFA on 03/25/2019, obtaining the collection of its percentage under the solidarity mechanism of the amount that Sunderland were forced to pay Inter Milan for the value of the transfer.

"Thus, our institution obtained the sum of 362,500 euros, a product of the efforts made by the legal team and the claim filed to FIFA."

Alvarez arrived at the Stadium of Light in August 2014 on an initial loan deal from Inter Milan – who signed the midfielder from Velez – but made only 17 appearances as a knee injury limited his involvement.

Sunderland wanted the player to undergo surgery, but Inter stalled and the English club then attempted to pull out of a mandatory agreement to make the transfer permanent after they secured their Premier League status.

The ensuing legal battle, which involved FIFA and Court of Arbitration for Sport hearings, resulted in defeat for the Black Cats, who were then lumbered with a 10.5million euros bill for a player who was no longer on their books.

Argentina international Alvarez joined Italian club Sampdoria in January 2016.

body check tags ::
amp_article_368095 : Collect and Make Data not in DataBase  : 
last updated article - 2019-08-15 03:11:02:
html db last update - 2019-10-12 07:20:35 :

ex - 7200 : read : write cache and make html

Click here for more stories about Ricky Alvarez

Click here for more stories about Sunderland

Share this article now:

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
UC
Get the latest transfer news, match previews and news direct to your inbox!
Premier League Table
TeamPWDLFAGDPTS
1Liverpool88002061424
2Manchester CityMan City85122791816
3Arsenal84311311215
4Leicester CityLeicester8422147714
5Chelsea84221814414
6Crystal Palace842288014
7Burnley8332119212
8West Ham UnitedWest Ham83321111012
9Tottenham HotspurSpurs83231412211
10Bournemouth83231313011
11Wolverhampton WanderersWolves82421111010
12Manchester UnitedMan Utd82339819
13Sheffield UnitedSheff Utd82337709
14Brighton & Hove AlbionBrighton8233810-29
15Aston Villa8224131218
16Newcastle UnitedNewcastle8224513-88
17Southampton8215815-77
18Everton8215613-77
19Norwich CityNorwich82061021-116
20Watford8035420-163
Scroll for more - Tap for full version

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
UC
Get the latest transfer news, match previews and news direct to your inbox!

Loading ...

Failed to load data.

Premier League Table
TeamPWDLFAGDPTS
1Liverpool88002061424
2Manchester CityMan City85122791816
3Arsenal84311311215
4Leicester CityLeicester8422147714
5Chelsea84221814414
6Crystal Palace842288014
7Burnley8332119212
8West Ham UnitedWest Ham83321111012
9Tottenham HotspurSpurs83231412211
10Bournemouth83231313011
11Wolverhampton WanderersWolves82421111010
12Manchester UnitedMan Utd82339819
13Sheffield UnitedSheff Utd82337709
14Brighton & Hove AlbionBrighton8233810-29
15Aston Villa8224131218
16Newcastle UnitedNewcastle8224513-88
17Southampton8215815-77
18Everton8215613-77
19Norwich CityNorwich82061021-116
20Watford8035420-163
Scroll for more - Tap for full version
. . . .. . . . . . . . . . .
X

We value your privacy

A part of our GDPR compliance we need to ask for your consent. We and our partners use technology such as cookies on Sports Mole to personalise content and ads, provide social media features, and analyse our traffic. Click below to consent to the use of this technology on Sports Mole.