Wednesday, July 20, 2011
Carlos Tevez transfer move to Corinthians is off
Manchester City thought a £40m deal had been agreed for Tevez to join the Brazilian team having told people that he wished to go back to South America.
The sticking point seemed to be around Manchester City's insistence of a "bank guarantee" for the transfer amount - a process that can take several weeks to manage through for large amounts.
Now Corinthians have said there was not enough time to complete the deal before the Brazilian transfer window closed on Wednesday night. Corinthians have also said that they still want to sign Tevez in the future and hoped a deal could be done in January.