M
AV
Collect News Data

League One

Transfer Centre

/esi/1339/6_A_1_368085_0/index.html?art_id=368085&ESI

Sunderland pay Velez Sarsfield £335,000 over Ricky Alvarez deal

:Headline: Sunderland pay Velez Sarsfield £335,000 over Ricky Alvarez deal:
The Black Cats found themselves embroiled in a lengthy legal wrangle.
PA | 3d

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

The Black Cats have handed over 362,500 Euros – around £335,330 – under the FIFA solidarity mechanism, which compensates clubs who have helped to develop players, as part of their ill-fated move for the winger in 2014.

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 on an initial loan deal from Inter Milan in August 2014, 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_368085 : Collect and Make Data not in DataBase  : 
last updated article - 2019-08-15 13:34:46:
html db last update - 2019-08-17 19:49:14 :

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!

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel

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.

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel
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.