Corinthians’ New President Denounces PSG Deal for Gabriel Moscardo

Corinthians club chief Augusto Melo confirmed the sale of the 18-year-old midfielder Gabriel Moscardo to Paris Saint-Germain moments after being sworn in as the new president.

Furthermore, Melo wanted to set the record straight and stated that he was against the deal but could do nothing about it. He also explained that, due to Moscardo’s surgery, Corinthians should only receive payment from PSG in the middle of the season.

“We opposed his sale from the beginning,” Melo said (h/t Globo Esporte). “It’s a reality, and I mentioned this in some meetings. I wasn’t in favor of the sale. Homegrown players will be the third source of revenue forever. The first will be jerseys, followed by income; for players, we want to prioritize last – let them develop, win titles, and increase their value.

“He was sold for an unbelievable price. I had to be involved in this negotiation, even though it wasn’t what we wanted. To give you an idea, if we didn’t agree, they would pay the cheaper buyout clause.”

The transfer was sealed at €20 million, with Corinthians retaining €18.5 million. The club will additionally receive 2 million euros if Moscardo achieves specified goals. Corinthians initially held 80 percent of Moscardo’s economic rights but successfully increased their stake.

Moscardo was supposed to join in January, but a minor surgery delayed the start of his journey in Paris. Despite the player’s foot operation and three-month absence, Moscardo’s transfer to PSG is not in question.

Tags Corinthians Gabriel Moscardo
Follow Us