Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Corinthians Ends MSI Affair
Reuters, July 26th, 2007 3:30PM

MOST READ

MOST COMMENTED

The Carlos Tevez affair took yet another interesting twist on Thursday as Brazilian giant Corinthians broke off its partnership with Carlos Tevez' agent, Kia Joorabchian, and his company Media Sport Investment. The Brazilian club made the decision after its board voted unanimously to nullify the deal, which was three years into a 10-year term. "It's the end of a partnership," Rubens Aprobato Machado, one of the council's 241 members, told Brazilian television. "It was a unanimous decision."

Corinthians' decision comes just two weeks after a Brazilian judge ordered the arrest of Joorabchian, who ran MSI in Brazil, and the Russian tycoon Boris Berezovsky on money-laundering charges. Now, the club's directors are considering legal action against MSI in order to avoid paying a multimillion-dollar penalty for ending the partnership. MSI had promised to turn the Sao Paulo club into the pride of South America in exchange for 51 percent of the club's profits.

Of course, that didn't turn out to be the case, despite the arrival of Tevez and Argentina teammate Javier Mascherano, which was orchestrated by Joorabchian and MSI, and a Brazilian championship in 2005. Both Joorabchian and the company are now involved in a dispute over Tevez's proposed move from West Ham to Manchester United in England.

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Legia Loses CAS Appeal     
Legia Warsaw has said it will sack the administrator blamed for the clerical error that resulted ...
Report: BVB's Sponsors to Buy Stakes     
Borussia Dortmund on Thursday announced that the club would issue up to 24.5 million shares in ...
Simeone: Atletico Can't Compete with Real, Barca    
In an interview with La Gazzetta dello Sport, Atltico Madrid coach Diego Simeone emphasized that despite ...
Dzeko Signs Four-Year Man City Contract     
Manchester City striker Edin Dzeko on Thursday signed a new four-year deal with the defending Premier ...
FA Investigates Mackay, Moody     
Crystal Palace sporting director Iain Moody resigned on Thursday as the English FA opened an investigation ...
Poyet: 'I've Never Seen Jozy as Happy as Now'    
Gus Poyet, speaking ahead of Sunderland's home clash against Manchester United this weekend, says that USA ...
Ronaldo Fit for Super Cup; Di Maria, Khedira Futures Uncertain    
Real Madrid coach Carlo Ancelotti on Thursday confirmed that Cristiano Ronaldo is fit enough to start ...
Balotelli to Join Liverpool     
AC Milan on Thursday confirmed that striker Mario Balotelli has said goodbye to the club's teammates ...
Report: Mackay Out of Palace Running    
Malky Mackay, who was considered a shoo-in for the vacant Crystal Palace job, is no longer ...
UEFA Investigates Tavecchio Comments    
Italian soccer federation (FIGC) president Carlo Tavecchio is being investigated by UEFA over an alleged racist ...
>> Section 2 Around the Net Archives