Sunderland have finally settled their legal battle with Velez Sarsfield over former Inter midfielder Ricky Alvarez, paying €362,500.
“After an arduous negotiation without results, Velez raised a claim before Fifa on 03/25/2019, obtaining the collection of its percentage under the solidarity mechanism of the amount that Sunderland were forced to pay Inter Milan for the value of the transfer,” read a statement.
Sunderland have finally settled their legal battle with Velez Sarsfield over former Inter midfielder Ricky Alvarez, paying €362,500.
“After an arduous negotiation without results, Velez raised a claim before Fifa on 03/25/2019, obtaining the collection of its percentage under the solidarity mechanism of the amount that Sunderland were forced to pay Inter Milan for the value of the transfer,” read a statement.
“Thus, our institution obtained the sum of €362,500, a product of the efforts made by the legal team and the claim filed to Fifa.”
Inter had loaned Alvarez to Sunderland in August 2014 with obligation to buy and he made only 17 appearances due to a recurring knee injury.
When the Premier League side tried to pull out of the obligation, it sparked a legal battle.
Sunderland were forced to pay €10.5m for the transfer, even though by this point Alvarez had been released from his contract and signed for Sampdoria in January 2016.