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Transfer: Chelsea pulls out of signing Ugarte

Chelsea have pulled out of the race to sign Sporting midfielder Manuel Ugarte, according to Portuguese outlet Record.

The Blues have been competing with Paris Saint-Germain to sign Ugarte for the start of the summer transfer window and have held extensive talks with the player’s representatives over the past few weeks.

Both Chelsea and PSG are willing to meet the €60 million (£52.2million) buyout clause in Ugarte’s deal with Sporting.

But it appeared that the Uruguay international was favouring a move to the Premier League.

However, PSG vastly improved their initial contract proposal and Chelsea are now unwilling to match the offer from the French Ligue 1 champions.

The report added that PSG’s contract offer jumped from €5million (£4.3m) to €10million (£8.6m) per season.

Meanwhile, Chelsea had medical tests booked for Ugarte as they were confident that the player would reject a move to PSG.

Prevail Inegbenose

Prevail Inegbenose is the Chief Executive Officer (CEO), Spark Media & Entertainment Ventures, the publisher of Spark News Daily - Nigeria's most sought-after online news platform - Politics, Sport & Entertainment. Prevail Inegbenose hails from Irrua, Esan Central LGA of Edo State. He studied Mass Communication from the prestigious Auchi Polytechnic Auchi and graduated in 2007. Prevail Inegbenose is a veteran journalist with 15 years of active and practical journalism. He has authored so many write-ups, a lot of which had been published in the newspapers, magazines and social media. Hence Prevail Inegbenose is a Journalist, Writer, Researcher, Author, Communication Expert and Consultant, Social Media Influencer, Project Management Expert, Peace Ambassador and Advocate of Good Governance and Better Society. He's a Pastor, in fact the Lead Pastor, House of God Int'l - Rest Tabernacle, Abuja Nigeria.

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