Sunderland AFC have been ordered to pay £4,770,000 to Ricky Alvarez, after the former Inter Milan midfielder took the club to the Court of Arbitration. Alvarez joined SAFC on loan in 2014 and managed 13 games in two seasons and was incredibly average.
A Court of Arbitration for Sport spokesperson said: “The Court of Arbitration for Sport (CAS) issued the final award in the matter CAS 2018/A/5925 Ricardo Gabriel Álvarez v. Sunderland AFC on 1 December 2020. The appeal filed on 24 September 2018 by Ricardo Gabriel Álvarez against the decision issued on 7 June 2018 by the FIFA Dispute Resolution Chamber was partially upheld. The Challenged Decision was confirmed, save for paragraph 3 of the operative part, which now reads as follows: Sunderland AFC has to pay to Ricardo Gabriel Álvarez compensation for breach of contract in an amount of GBP 4,770,000 gross (four million seven hundred seventy thousand British Pounds Sterling.”