Barcelona accept to pay 5.5-million-euro fine over tax evasion charges on Neymar transfer - Firstpost
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Barcelona accept to pay 5.5-million-euro fine over tax evasion charges on Neymar transfer

  Updated: Jun 14, 2016 16:42 IST

#Barcelona   #Josep Maria Bartomeu   #KickingAround   #Neymar   #Spain  

Barcelona: Barcelona on Monday accepted to pay a 5.5-million-euro ($6.2 million) fine over Neymar's contested 2013 transfer in a deal with prosecutors that sees the club avoid trial on tax evasion charges.

"It was better to accept this agreement than continue on with the uncertainty that has dragged on for a long time over the Neymar case," Barcelona president Josep Maria Bartomeu told reporters, in reference to the transfer deal that authorities believe was undervalued, allowing the club to pay lower taxes in Spain.

File photo of Neymar. Getty Images

File photo of Neymar. Getty Images

"We have had to accept paying a 5.5 million euro fine due to a mistake in the 2011 and 2013 tax planning in the signing of Neymar," added Bartomeu.

The agreement frees up Bartomeu and his predecessor Sandro Rosell from possible criminal proceedings that could have seen them jailed.

Neymar's arrival in 2013 has been a huge success for Barca on the pitch but a judicial nightmare off it.

The 24-year-old is being investigated in Brazil and Spain over his shady transfer from Brazilians Santos to Barca.

Catalans Barcelona originally published the transfer figure as 57.1 million euros, with 40 million euros of that given to the player's family.

But Spanish authorities believe the true transfer figure was at least 83 million euros.

Brazilian investment fund DIS, which held 40 percent of Neymar's sporting rights when he played at Santos, claims it was cheated out of its real share of the transfer due to parallel contracts that Barcelona and Santos allegedly used to hide the true cost.

Santos -- where Neymar started his career -- received 17.1 million, 6.8 million euros of which went to DIS.

But Spanish judicial authorities believe another 26 million euros from the parallel contracts were shared between Neymar, his family and Santos, with DIS and the taxman missing out on their cuts.

Barcelona had already made a voluntary 13.5 million euros tax payment after being indicted for alleged tax fraud.

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