Benfica receive offer from Everton for Fernandes

August 13, 2007

LISBON, Aug 13 (Reuters) - Portuguese club Benfica has received an offer from English Premier League Everton to sell 50 percent of its rights in international midfielder Manuel Fernandes, the club said on Monday.

Benfica said it was considering the offer from Everton or alternatively whether to buy the remaining 50 percent of the rights to the 21-year-old player from an investment banking group.

Benfica owns 50 percent of the sports rights of Fernandes and the remaining 50 percent belongs to the Media, Sports & Entertainment Investment Banking Group.

Fernandes was loaned to Everton last season after extending his contract with Benfica until 2011.

Under the terms of Fernandes's contract, breaking the deal with Benfica would cost 9 million euros ($12.33 million).