shot-button
Union Budget Union Budget
Home > Sports News > Football News > Article > All clear for Neymar Jr to set world record transfer at Paris St Germain

All clear for Neymar Jr to set world record transfer at Paris St Germain

Updated on: 04 August,2017 04:01 PM IST  |  Barcelona
AFP |

Brazilian star is now free to complete his world record transfer to Paris Saint-Germain after Barcelona confirmed that his USD 260 million buyout clause had been received by Catalan club

All clear for Neymar Jr to set world record transfer at Paris St Germain

Listen to this article
All clear for Neymar Jr to set world record transfer at Paris St Germain
x
00:00

Neymar
Neymar

Neymar is now free to complete his world record transfer to Paris Saint-Germain (PSG)âu00c2u0080u00c2u0088after Barcelona confirmed yesterday his 222 million euro (USD 260 million) buyout clause had been received by the Catalan club."


"Yesterday afternoon Neymar Jr's legal representatives visited in person the club's offices and made the payment of 222 million euros in the player's name with regards to the unilateral termination of the contract that united both parties," Barca said in a statement.



The move had been held up by the Spanish league's refusal to accept the cheque presented by Neymar's lawyers at their Madrid headquarters earlier in the day. La Liga president Javier Tebas said he wouldn't accept PSG's money as he believes the deal will violate UEFA's financial fair play rules.

And Barca added that they will aid UEFA in any future enquiry into whether the French side fall foul of regulations that don't allow clubs to lose more than 30 million euros over three years.

"The Club will pass on to UEFA the details of the above operation so that they can determine the disciplinary responsibilities that may arise from this case," continued the Barca statement.

However, UEFA insisted the move doesn't automatically break FFP rules as PSG have time to balance their books. The player is now due to arrive in Paris today, according to airport sources in the French capital, to complete the deal.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Did you find this article helpful?

Yes
No

Help us improve further by providing more detailed feedback and stand a chance to win a 3-month e-paper subscription! Click Here

Note: Winners will be selected via a lucky draw.

Help us improve further by providing more detailed feedback and stand a chance to win a 3-month e-paper subscription! Click Here

Note: Winners will be selected via a lucky draw.


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK