Corinthians break off partnership with MSI
Carlos Tevez's former club Corinthians have announced they are breaking off their controversial partnership with the London-based sports management group MSI. The Brazilian club's executive council voted unanimously in favour of ending the partnership,...
Carlos Tevez's former club Corinthians have announced they are breaking off their controversial partnership with the London-based sports management group MSI.
The Brazilian club's executive council voted unanimously in favour of ending the partnership, which was less than halfway through its 10-year term, at a meeting on Tuesday night.
"It's the end of a partnership," Rubens Aprobato Machado, one of the council's 241 members, told Brazilian television. "It was a unanimous decision."
Corinthians directors said they were considering legal action to avoid a massive penalty fee for ending the partnership.
The decision came two weeks after a Brazilian judge ordered the arrest of agent Kia Joorabchian, who ran MSI in Brazil, and Russian tycoon Boris Berezovsky, who authorities said was one of the group's investors, on money-laundering charges.