André’s transfer to AC Milan has not yet been finalized by Corinthians, but the deal could still go through regardless of the signature of president Osmar Stabile.
ESPN reports that Milan is protected above all by the exchange of draft contracts, since most of the documents have already been signed by Corinthians’ legal department. There are also several confirmation emails sent by the Brazilian club.
In this case, there is a legal term for the situation: binding offer. It is a formal legal document that establishes a commitment between the parties, requiring compliance with the agreed terms, values, and conditions. If President Stabile refuses to sign the transaction in the coming days, Milan, with whom the young midfielder has a five year agreement until 2031, is considering the possibility of turning to FIFA so that the matter can be resolved.
Last Friday, after negotiations that lasted about two weeks, the Rossoneri finalized all the details of the purchase of the 19-year-old midfielder, whose total value could reach 17 million euros, which equals 103 million Brazilian reais at the current exchange rate.
The sale was agreed in three installments as follows: 15 million euros, equal to 91 million Brazilian reais, as a fixed fee, plus an additional 2 million euros, equal to 12 million Brazilian reais, in bonuses for 70 percent of the player’s economic rights. That share belongs exclusively to Corinthians, as relayed via Milan News.
The remaining 30 percent of the rights belongs to the player himself, who agreed to waive that amount in order to speed up the process and travel to Italy soon for his medical examinations. The permanent transfer, however, will only take place after the World Cup.
