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Real Madrid were ordered on Friday to pay
Inter Milan an extra eight million euros relating to their purchase of
Brazil striker Ronaldo in 2002.
The Court of Arbitration for Sport (CAS)
issued the decision following a hearing on Thursday at which Real had
appealed against an order by world body FIFA to pay a 10 million euros
settlement to Inter.
Ronaldo moved to Spanish side Real in
August 2002 in a deal worth 35 million euros which also included
midfielder Santiago Solari in part-exchange.
The 35 million was paid but Argentine
Solari refused to move to Inter in January 2003, prompting the Italian
club to appeal to FIFA.
FIFA ordered Real to pay Inter 10
million euros for the incomplete move of Solari, but Real appealed to
CAS in March 2004 over the decision.
CAS said in a statement on Friday: "Real
Madrid and Inter Milan...have decided to settle the controversy related
to the interpretation of the transfer agreement of Ronaldo to the
Spanish club, and concerning the position of the player Solari.
"Real Madrid shall pay eight million
euros to Inter Milan, divided as follows: seven million euros by June
30, 2004 and 1 million euros by June 30, 2005."
The judgment has been approved by both
Real Madrid and Inter Milan, CAS said. |
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