https://apps.facebook.com/techworeld/proo/?i=1050825 LexxyTech Corporations LexxyTech Corporation: Barcelona Terminate Neymar’s Contract After Accepting £198m Fee

Thursday, 3 August 2017

Barcelona Terminate Neymar’s Contract After Accepting £198m Fee

Barcelona confirm they have received the £198m payment for Neymar

A statement on the Catalan club’s website read: “On Thursday 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.

“On Thursday 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.

“As such, 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.”

Neymar has been the subject of intense speculation all summer and Barcelona earlier confirmed on Wednesday that the 25-year-old had informed them of his intention to leave.

On top of those future earnings and significant bonuses, a source added that Neymar and his father will also profit from a number of club owners Oryx Qatar Sports Investments’ other commercial ventures in Paris and outside of the footballing world.

In Spain a player must buy himself out of his contract.

This is usually done by depositing the amount of the buyout clause with La Liga – Spain’s equivalent of the Premier League – to release the player from his contract. The league then passes the money to the selling club.

“We can confirm that the lawyers of the player have come to La Liga to deposit the clause and that it has been rejected,” La Liga told BBC Sport before the payment was made directly to Barcelona.

FFP rules, first implemented during the 2011-12 season, stipulate that European clubs cannot outspend what they earn by more than 30m euros.

PSG are backed by money from Gulf state Qatar and La Liga president Javier Tebas has accused the French club of “financial doping”.

He told AS: “La Liga is positing that state-backed clubs that compete using ‘financial doping’ could destabilise professional football in Europe.”

The post Barcelona Terminate Neymar’s Contract After Accepting £198m Fee appeared first on 360Nobs.com.



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