Monday 22 January 2018

Barcelona's €57m Neymar deal under investigation

Neymar
Neymar

Barcelona's payment of €40million to a company owned by Neymar's father as part of the Brazil forward's €57.1 million transfer fee is being investigated by Spanish state prosecutors for misappropriation of funds.

Neymar was paraded as the Catalan side's main signing ahead of the season, after they beat off competition from Real Madrid, to partner Argentine Lionel Messi in attack.

However, the details of the contract were shrouded in mystery and a club member, Jordi Cases, having not received a reply from Barcelona for more information, took legal action against club president Sandro Rosell.

Rosell denies any wrongdoing and the club reacted angrily after the state prosecutor asked the courts to open proceedings, saying Neymar's signing was "complex" and an example of "business engineering" and that they would act forcefully to defend the honour of the club and its president.

Spanish media have reported that an agreement was made between Barcelona and N&N, a company owned by Neymar's father, which gave the Catalan side the right to buy Neymar in 2014 in return for a downpayment of €10m.

The player's price would be 40 million euros but if either side broke the agreement then that sum would have to be paid as a "penalty clause" which is what local media say happened

 because Barca bought him a year earlier in June 2013.

A further 17.1 million euros was paid as a transfer fee to Neymar's former club Santos in Brazil, Barca said last month.

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