Tuesday, March 11, 2014

Was he worth it?

When forward Neymar joined from the Brazilian team Santos last June, Barcelona said they paid a total of £48.6m. Jordi Cases, one of the club's 164,000 members asked whether this was really the final bill. When Barcelona refused to answer, he went to the Spanish courts who launched an investigation.  The true cost of signing Neymar was actually £71.5m. The numbers are mind boggling.

There was £33m for the player's father's company N&N, which owned the majority of Neymar's economic rights. Santos got £14m. But there was also an £8m signing on fee, a £6m fee for taking an option on future Santos players, £2m in agents fees (also paid to Neymar's father) and a further £2m to Neymar's charitable foundation in Brazil. Neymar was being paid £9m a year in wages.  Barcelona also had to pay £11m to the Spanish treasury as a "complimentary tax declaration".

Between the initial fee paid in the summer, signing-on fee, wages during his five-year deal, agents fees and this latest tax payment, Neymar will have cost the club £106.8m.

From the BBC here

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