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Corinthians Offer Brazilian Record $56 Million for Carlos Tevez

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Manchester City Striker Carlos Tevez
Manchester City striker Carlos Tevez. Photographer: Mike Hewitt/Getty Images

July 13 (Bloomberg) -- SC Corinthians Paulista, Brazil’s biggest soccer club by revenue, made a 40 million-euro ($56 million) bid for Carlos Tevez as it seeks to beat the trade deadline to sign the Manchester City striker.

“Corinthians has made an official offer for Tevez,” club president Andres Sanchez said yesterday at a news conference in Sao Paulo. “The transfer window closes on July 20 so if we have no news by Sunday I don’t think we’ll get him this year.”

Sanchez said he decided three days ago to make the offer for Tevez, whose 20 Premier League goals last season helped City finish in third place to qualify for the Champions League for the first time. City also won its first major trophy in 35 years by beating Stoke City in the F.A. Cup final.

The offer, which surpasses the previous Brazilian record when Corinthians paid Argentina’s Boca Juniors $20 million for Tevez in 2004, won’t be increased, Sanchez said. City rejected the bid, the Daily Telegraph reported.

The 27-year-old Tevez, who’s currently playing for host nation Argentina at the Copa America, said this month that he doesn’t want to continue to live in the northwest of England without his two daughters.

Tevez, who signed a five-year contract with City in July 2009 after leaving crosstown rival Manchester United, withdrew a transfer request in December before restating he wanted to leave. City spokeswoman Vicky Kloss declined to comment.

“Living without my children in Manchester has been incredibly challenging for me,” Tevez said in a July 4 statement. “Everything I do, I do for my daughters, Katie and Florencia. I need to be closer to them and to spend more time with them. I need them to be happy because my life is about them now. I need to be in a place where they can adapt.”

Controlled By Agent

Tevez played for Corinthians when the club was owned by a company controlled by his agent, Kia Joorabchian. He moved to England in 2006 to join West Ham.

Sanchez said Corinthians would use a quarter of its television revenue to pay Tevez, who earns about 200,000 pounds ($318,000) a week at City, according to U.K. media reports.

“In 2012 Corinthians will make $70 million from its broadcast sales,” Sanchez said. “If Manchester City accepted our offer, Tevez would be offered a four-year contract.”

The effort to sign Tevez signals that the sport in Brazil “can be the biggest soccer industry in the world, no doubt about that,” Sanchez said.

The country’s 20 major teams had a combined debt of 3.1 billion reais ($1.96 billion) at the end of 2009, 11 percent more than the previous year, while revenue grew 10.5 percent to 1.9 billion reais, according to accountants at BDO RCS.

‘Biggest Wish’

Corinthians had sales of $63 million for the four first months of 2011, according to team accounts.

A new board restructured the club after it was relegated from Brazil’s elite league in 2008. A year later it signed World Cup record-scorer Ronaldo and former national teammate Roberto Carlos. Ronaldo has since retired while Roberto Carlos moved to a Russian club.

“Tevez is Corinthians’ biggest wish since he left us,” said Luis Paulo Rosenberg, the team’s vice president for marketing. “Ronaldo’s retirement has created space on our balance sheet for this kind of paycheck.”

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: Francisco Marcelino at mdeoliveira@bloomberg.net

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