Newcastle have been ordered to pay €5.2 million (£4.6
million) for Argentina international Jonas
Gutierrez.
Gutierrez joined The Magpies for an ‘undisclosed fee’ last
July after the winger invoked Article 17 of Fifa's transfer
regulations to cancel his contract with Real Mallorca
and facilitate his switch to the North East.
Mallorca initially sought payment of €15 million (about £13.5
million) for Gutierrez, but declared themselves satisfied with
the verdict of an independent panel which met in the Balearic
capital on Tuesday.
The Liga side will receive €2.6 million, with the other half of
the fee to be paid to Velez Sarsfield, the club who owned half of
the player’s economic rights.
The arbitration panel also ruled that the two clubs are entitled
between them to 20 percent of any sell-on should Gutierrez be
transferred again in the future.
Reflecting on the award, Mallorca’s sporting director Nando Pons
said: “We paid a fee for the player, who became an international at
our club.
“He gave a lot to Mallorca and Mallorca gave a lot to him. I
believe that it is a suitable agreement for all parties.”