Newcastle Settle Jonas Gutierrez Transfer Row With Real Mallorca

The Magpies have been slapped with a £5.2million bill which they could really do without considering their rapidly deteriorating plight...
Newcastle have settled a dispute over Jonas Gutierrez's transfer fee and have grudgingly agreed to pay Real Mallorca £5.2million in compensation for the Argentine's service.

Gutierrez had controversially left the Spanish side under FIFA Article 17, the so-called Webster ruling, which allows players under 28 to walk out on contracts after three years, by paying compensation.

The talented and hard-working winger had bought himself out of his contract with Mallorca to join the Geordies in the summer - and United were promptly hit with a £13.2million compensation bill from the Spaniards.

Newcastle were originally adamant that they owed his former club nothing, but now have agreed to pay a third of what the Islanders were looking for after the Dispute Resolution Chamber of FIFA's transfer arbitration tribunal personally got involved in the matter.

"Gutierrez gave a lot for us and we gave a lot for him," commented Mallorca sporting director Nando Pons in the local press.

"I think this is an agreement that is good for all parties."

Mallorca will reportedly pass on half of their £5.2million fee to Gutierrez's former club Velez Sarsfield and are still set to receive 20 per cent of any future fee should the Geordies ever choose to sell the player.

Derek Wanner,