Rangers have reportedly been successful in an appeal to the Court of Arbitration for Sport following a dispute over Carlos Pena 's contract termination.
The Mexico cap moved to Ibrox in 2017 during Pedro Caixinha 's time at the club for £2.2m, managing four goals in 12 appearance before his Ibrox career went off the rails. Well documented personal problems meant he struggled in the Scottish Premiership and following Caixinha's departure from the Ibrox hot seat, Pena would barely get another look-in for The Light Blues.
He was shipped out on loan to Cruz Azul and Necaxa before eventually being released by Rangers. However, following his departure from Glasgow, Pena complained to FIFA that Rangers had breached their contract with him, a position FIFA's three-person panel accepted two to one, and The Rangers Review state the player was awarded a "significant seven-figure sum" as compensation for the final two years he had remaining in his contract in Govan.
Following the decision from FIFA's three-person panel Rangers contested the decision via CAS and have received the judgement after an 18 month wait. The original decision has now been overturned.
This means no payment will be made to the player and the ruling is not subject to appeal. If Pena had been successful Rangers would have reportedly been ordered to pay up the player's contract within 28 days.
Since leaving Ibrox, Pena has faced a nomadic career with spells in Poland, El Salvado and Guatemala. Now aged 32, he is playing his football in Honduras with CDS Vida.
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