Corinthians Offer Manchester City Proof It Can Pay Record Fee for Tevez

SC Corinthians Paulista, Brazil’s biggest soccer team by sales, will use its television contracts to convince Manchester City that it can pay a national record of more than $55 million for striker Carlos Tevez, a club executive said.

Manchester City manager Roberto Mancini told reporters in the U.S., where City is on a pre-season tour, that an offer from Corinthians had been reached in principle.

City last week rejected an opening 40 million euro ($56 million) offer from Corinthians. The new bid would pay City more than that amount if Tevez is a success and off the field, Luis Paulo Rosenberg, Corinthians’ vice president for marketing, said in a telephone interview. Vicky Kloss, a spokeswoman for City, declined to comment on the negotiations.

Corinthians’ are willing to pay more than double the previous Brazilian soccer transfer record, when the Sao Paolo-based team paid Argentina’s Boca Juniors $20 million for Tevez in 2004. He said he wants to leave City to be closer to his daughters, who live in Argentina with their mother.

Tevez played for Corinthians when the club was owned by a company controlled by his agent, Kia Joorabchian. The Iran-born businessman masterminded Tevez’s move to England in 2006 when he joined West Ham. The 27-year-old then spent two seasons at Manchester United before signing for City in what U.K. media reported was a deal worth as much as 47 million pounds ($75 million).

“We have an agreement with Corinthians but Carlos now is still a City player,” Mancini said in an interview with Sky Sports News, earlier today.

Transfer Deadline

Tevez hasn’t come to a contract agreement with Corinthians. Two days ago he missed the penalty that led to Argentina’s elimination from the Copa America in quarterfinal shootout against Uruguay. The transfer must be completed before Brazil’s transfer window closes in two days.

“When Man City agrees with us we will agree with Tevez,” Rosenberg said. “He will have almost what he has in England.”

Corinthians offer splits the payment for Tevez over four years. The club will provide details of its bank receipts and guaranteed income from its broadcast contract because about 25 percent of it will be used to pay the transfer fee, the club official said.

Andres Sanchez, Corinthians’s president, said in a statement today City wants the fee for the Tevez paid in less than four years and said the player would need to accept a pay cut.

Tevez makes 200,000 pounds a week, according to the U.K.’s Daily Telegraph. Corinthians will pay his salary from improved marketing, sponsorship and pay television contracts, Rosenberg added.

The forward scored 20 Premier League goals in the 2010-11 season to help City finish in third place and qualify for the Champions League for the first time. He also captained the team to the F.A. Cup, its first major trophy since 1976.

To contact the reporters on this story: Joao Oliveira in Sao Paulo at joliveira4@bloomberg.net; Tariq Panja in London at tpanja@bloomberg.net

To contact the editor responsible for this story: Christopher Elser at at celser@bloomberg.net

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