Galatasaray announces transfer fee for Tete, who has joined Panathinaikos

Galatasaray has announced that Tete has transferred to Panathinaikos for a transfer fee of 4 million 750 thousand euros.

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Galatasaray announces transfer fee for Tete, who has joined Panathinaikos

Galatasaray has parted ways with Tete, who failed to meet expectations. The Brazilian footballer has transferred to the Greek team Panathinaikos.

In a statement from the Yellow-Reds, it was stated: "An agreement has been reached with Panathinaikos regarding the transfer of our professional footballer Mateus Cardoso Lemos Martins, known as 'Tete'. According to the agreement, Panathinaikos will pay our company a net transfer fee of 4 million 750 thousand euros."

In a message published on the club's social media account, it was said: "Thank you for your efforts and contributions to Galatasaray, Tete. We wish you success in your new journey in your career."

An agreement has been reached with Panathinaikos FC regarding the transfer of our professional footballer Mateus Cardoso Lemos Martins.

According to the agreement, Panathinaikos FC will pay our company a net transfer fee of 4,750,000 euros. pic.twitter.com/te7dQMu0hx
— Galatasaray SK (@GalatasaraySK) July 25, 2024

The 24-year-old footballer, who joined Galatasaray at the beginning of last season but could not meet expectations, played in 45 official matches and scored 3 goals.

FIFA HAD IMPOSED A PENALTY

Tete had terminated his contract with Shakhtar Donetsk by using the unilateral contract termination right granted by FIFA to foreign footballers in Russia and Ukraine until June 30.

Shakhtar had filed a lawsuit for Tete, who signed with Galatasaray without a transfer fee.

FIFA had ruled that Galatasaray and Tete must pay a penalty of 2.5 million Euros due to "unfair contract termination".