Sports
Barcelona to pay €5.5m fine over Neymar transfer
Prior to the contradicting information over Neymar’s transfer deal from Santos to Barcelona in 2013, the Catalians giant will have to pay a €5.5million fine as “an error in tax planning”.
The Brazilian had been requested to stand trial for fraud in relation with his move to the Nou Camp, as Spanish authorities insisted that the player and his father-agent, had hidden the true details of the deal.
Barcelona had claimed they paid a fee of €57m, with €17m going to Santos and the rest going to Neymar’s parents.
Investigators eventually discovered that the La Liga champions paid close to €83m for the forward.
Read also: Koeman quits Southampton, takes charge at Everton
However, Barca have found a resolution to the matter.
“The agreement involves the recognition by the club of an error in tax planning for the signing of the player, for the fiscal years 2011 and 2013, when they did not correctly withhold payments resulting from his incorporation,” a statement on the club’s website read.
“In addition, the club has been exonerated from responsibility for the fiscal year 2014, which was also part of the proceedings.
“The board considers the approval of this agreement to be a positive step, one that puts an end to a situation of legal uncertainty that could have affected the viability of the club’s sporting and economic plan in the coming years.
Neymar had 34 appearances and scored 24 goals in the just concluded 2015/16 La liga league.
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