Brazilian team will give the Eastlands outfit a tomorrow deadline of 10pm UK time to agree to their terms of €40 million (Dh207.6m) guaranteed plus €4m in add ons.
Corinthians set Manchester City deadline to accept offer for Tevez
Manchester City face a difficult decision over Carlos Tevez's future. Corinthians have refused to alter the terms of their €40 million (Dh207.6m) guaranteed plus €4m in add ons for the Argentina international as requested by City on Sunday, instead setting a deadline of 10pm UK time tonight for acceptance of that proposal.
The Abu Dhabi-owned club had agreed to allow Tevez to join Corinthians for less than their original €50m asking price but asked for a change in the schedule - and bank guarantees - of payments proposed by the Brazilian club.
Corinthians, however, have declined to change the terms of the offer, which would only see them make an initial instalment of €10m in May 2012.
Though questions have been raised about the seriousness of the Brazilian offer - which is regarded by some observers as an attempt to flush out European clubs - senior Corinthians officials are adamant that they want the player.
They also insist that personal terms have been agreed with Tevez that will see the 27-year-old striker accept a significant reduction on his current salary.
Corinthians say they cannot start paying the transfer fee until they are in receipt of revenue from a Reais100m (Dh232m) television rights deal that begins next summer.
The Sao Paulo club also argue that it would not make financial sense to borrow money against those broadcast rights to meet City's schedule.
Tevez has repeatedly asked to be allowed to leave City over the past seven months, a club the striker captained to the FA Cup in May, citing the difficulties of being separated from his daughters who returned to Buenos Aires with their mother after she failed to settle in Manchester.
Having acceded to Tevez's departure to Corinthians at a discounted transfer fee, City must either tell the Argentine he cannot move to Brazil or wait 10 months to start receiving a transfer fee for him.
The Premier League side has already begun preparing for Tevez's exit by lining up fellow Argentina international Sergio Aguero as a replacement.
Aguero, who has told his employers at Atletico Madrid he wishes to no longer wishes to remain at the club, can be bought out of his contract if a €45m (Dh234.1m) clause is met.
The Brazilian transfer window closes on Thursday.
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