Real Betis and Paris Saint-Germain are fighting a battle over Giovani Lo Celso’s transfer to Tottenham Hotspur.
Los Verdiblancos initially took the 26-year-old on loan from the Ligue 1 side in 2018 and made his stay permanent in April 2019. PSG were entitled to receive 25% of the fee from his future sale.
Later that summer, the midfielder joined Tottenham on a temporary deal with an option to buy, which was exercised by the north London club. This saw the La Liga side earn a total of €48m from Spurs, including the loan fee.
The Premier League side made the Argentina international’s stay permanent in January 2020. Betis paid 25% of the fee [excluding loan fee] Spurs paid in 2019 to the Paris club.
PSG claim Real Betis still own them €2.62m plus 5% interest. To sort this out, the former have approached The Court of Arbitration for Sport [CAS]. This is mentioned in the Spanish club’s financial report for the year that ended in June 2022, as cited by today’s ABC Sevilla.
When detailing the situation of the litigation involving Lo Celso’s move to Tottenham, the report indicates: ‘The procedure is in the phase of waiting for the receipt of the Arbitral Award, after the hearing. The deadline for receipt of the award has been extended until December 31, 2022.’
There was already one hearing that took place in November 2021.
ABC Sevilla state: ‘Now the parties await the arbitral award as a resolution with efficiency comparable to judicial sentences to settle the conflict that has arisen.’
It’s worth making it clear that Tottenham are not at fault here and have no issues with Real Betis or PSG over the Lo Celso deal.
