What We're Reading

Neymar's Barca Transfer: The Case of the Missing 40 Million

  • Reuters, Thursday, December 19, 2013 4:14 PM
Barcelona on Wednesday was forced to provide details about Neymar's transfer to the club from Santos last summer in front of a local court that is deciding whether to open proceedings against club president Sandro Rosell for the misappropriation of funds.

Neymar was purchased by the Spanish champion for 57.1 million euros ($78.6 million) in July, of which 17.1 million euros went to his former club, leaving uncertainty about where the other 40 million euros ($55 million) went. According to reports, the funds were transferred to a company called Neymar & Neymar.

“It is not known what has really taken place with the 40 million euros supposedly paid to the player or his representatives,” club member Jordi Cases said in a statement at the hearing on Wednesday. Pablo Ruiz, the presiding judge, has given Barca five days to provide Neymar’s contracts.

Read the whole story at Reuters »

Next story loading loading..