Cádiz announced this Tuesday that the decision of the Football Arbitration Court (TAF) had proved him right in the 'Álvaro García Case'. This sentence “forces Rayo Vallecano to pay 500,000 euros, plus interest, referring to the last term of the operation, “as explained by the official Cadista website. An amount that should have been paid” when the 2018-19 season ended, since the Madrid club had not communicated the refund in time and as part of the economic rights of the player “.
Cádiz sold 75% of the rights of the end, for five million euros, to Rayo in summer 2018. The Vallecan entity made a first payment of € 4.5M and this half a million was pending. The one with discord. This figure is subject to a clause, whereby if the franjirrojo team fell – as it happened – they had the possibility of not paying it and transferring 7.5% more of the footballer's rights to Cádiz.
The disagreement between both clubs was born by the date of communication. Cádiz defended that it had no news of the Lightning until January 2020, when the deadline was June 30, 2019. While the people of Madrid insisted that they had done things correctly, given that “the contract did not establish any period to notify “.
This forced both to submit to arbitration, whose sentence has proven Cádiz right. “The demand is fully estimated, after having carried out the evidence and conclusions, that demonstrated the lack of response to the payment requests that were communicated in recent months, and that they ended the request for an arbitration resolution, “said the Andalusian entity. In addition, 'Diario de Cádiz' provides more information in this regard and confirms that the TAF has condemned the red-haired men to pay 12,000 euros in interest, as well as the costs of this process, which would exceed € 51,000.