Tevez set to leave City in £10m switch to Juventus
Manchester City have agreed the sale of Carlos Tevez to Juventus for £10m – at least a third of the fee they paid for him – and with the player likely to agree terms, the club look set to eliminate his £200,000-a-week wage bill.
there is still no final agreement on personal terms, so the deal is not yet complete and Tevez may not immediately fly to Turin for a medical today because of that.
The transfer of the Argentinian on a three-year deal – agreed on the second day of Manuel Pellegrini's reign as City manager – would deliver the club a base transfer fee of €9m (£7.6m), though the sum will reach the £10m mark with some of the add-ons Juve have agreed to, which include €1m for every year the Italians qualify for the Champions League.
But it is the wages and bonuses that City must save on. They already have laid out £45m this summer on Jesus Navas and Fernandinho, who will become a further drain on their resources, along with a replacement striker critical after Tevez's departure.
City have made a verbal enquiry in the last month about the Borussia Dortmund striker Robert Lewandowski, though they face a battle in their attempts to sign him. Efforts to sign Napoli's Edison Cavani have failed.
Tevez is understood to be happy with the highly incentivised package on the table and negotiations are understood to be 90pc complete.
Sources suggested that Tevez (29), would earn €5.5m (£4.6m) a year in Italy, with substantial bonuses based on appearances and goals, which represents a near halving of the terms which saw him brought to City from Old Trafford.
However, he has always hankered after playing in Serie A and feels he will join a strong, young side and a club which in some ways is still bigger than City, if less well resourced.
The base transfer figure of a player whose 'book' value is an estimated £12.7m reveals how badly the club wanted to be rid of Tevez's wages, as they strive to comply with the strictures of UEFA's Financial Fair Play regime.
City stressed last night that they were saving themselves £17m for the remaining year of the Argentinian's contract – £10.6m in basic wages and a further £6.4m in unspecified bonuses. Though that adds up to a gain of £27m, the cost of wages and bonuses for his replacement will offset that figure in real terms.
The add-ons to the transfer fee for City will include €1m (£848,000) for each year that the Italian side win the Italian title or Champions League, as well as the same figure for Champions League qualification.
If the transfer is agreed, it will leave City with just two experienced strikers – Edin Dzeko and fellow Argentinian Sergio Aguero, who has recently signed an extension to his deal.
Tevez's departure would mean the departure from English football of one of the most controversial figures of modern times.
He fell out spectacularly with Mancini by refusing to go on in a Champions League tie at Bayern Munich the season before last.
He then disappeared to Argentina in November 2011 – effectively going on strike – when his transfer request was not granted.
The strike cost Tevez £9.3m in fines, docked wages and sacrificed loyalty bonuses. (© Independent News Service)