Wednesday, 13th July, 2011

Corinthians have warned Manchester City that they will not increase their offer for Carlos Tevez.

The Brazilian side placed a bid of €40M on the table for the Argentine yesterday, but City have rejected that and are holding out for £50M – money they would instantly use to buy Sergio Aguero from Atletico Madrid.

But such a price is simply too high for Corinthians and the club’s president Andres Sanchez has told City that increasing their €40M bid is simply unrealistic.

"I was in Argentina for a Brazil match, I spoke with Tevez and his representative on the phone", Sanchez explained to Lancenet.

"Corinthians have made an offer of approximately €40M to sign him permanently. This sum means we will be spending 20% to 25% of our earnings from TV rights if City accept it.

"I have made an offer which I think City cannot refuse and we will not raise it further.

"If they ask for £50M, they will keep him.

Sanchez also sent an ultimatum to Eastlands, warning City that the transfer needs to happen quickly otherwise it will not happen at all in 2011.

"If we haven’t completed the deal by Sunday it won’t happen this year."

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