Real Madrid turn to CAS over Garay sale to Zenit
Portuguese media reports say that the Spanish giants believe the deal that sent Garay to Russia significantly undervalued him. Madrid received half of his transfer deal through a sell-on clause.
Real Madrid take Benfica to court
Reports have surfaced in Portugal this morning claiming that Real Madrid took Benfica to the Court of Arbitration for Sport (CAS) earlier this year over the transfer of Ezequiel Garay to Zenit St Petersburg.
Garay was significantly undervalued
Diario de Noticias states that the Spanish giants filed the case back in May but that Benfica are yet to be called to answer. The Portuguese side sold Garay to Zenit in 2014 for €6 million, three years after signing him from Real Madrid. Madrid received half of that sum (€3 million) thanks to a sell-on clause included in the original deal but believe that the final transfer fee fell significantly below Garay’s true market value. Bayern Munich were said to have tabled a bid of up to €15 million to rival Zenit’s.
Real Madrid stated in their case that Garay’s true value was between €10 and €12 million, double the sum he was sold for. The defender spent two years in Russia before moving back to Spain this summer in a deal said to be worth around €20 million.