Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Serena Williams
Badminton
PV Sindhu
Indian Hockey Team
Boxing
Wrestling
Commonwealth Games (CWG)
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Sports News / Barcelona pays €5.5 million fine over Neymar
Sports

Barcelona pays €5.5 million fine over Neymar

Barcelona pays €5.5 million fine over Neymar
Written by Prachi
Edited by Gaurav Jeyaraman
Jun 14, 2016, 10:44 am 4 min read
Barcelona pays €5.5 million fine over Neymar

Spanish football club Barcelona has agreed to pay a €5.5 million fine over tax fraud charges during the 2013 transfer of Brazilian footballer Neymar. Josep Maria Bartomeu clarified Barcelona's stance on the matter, saying there had been "a mistake... in tax planning" during the transfer. He added that it was "better to accept this agreement than continue on with the uncertainty."

Introduction
Who is Neymar?

Neymar da Silva Santos Júnior​ is a professional football player who plays for FC Barcelona and the Brazilian National Team as a forward. After he shot to fame in his 2009 debut with Brazilian team Santos, major teams were vying to sign him on. Often compared to football legend Pele, he won the South American Footballer of the year award in 2011 and 2012.

3 Jun 2013
FC Barcelona signs up Neymar

Neymar moved to professional football team FC Barcelona in a 5-year deal between Barcelona and his old team, Santos. Neymar's move to Barcelona proved successful for the club, with the striker forming a goal-scoring trio with Lionel Messi and Luis Suarez. In 2015, Neymar helped the club win 5 trophies and bagged third place in the Fifa Ballon d'Or competition.

The Controversy
Side-deal speculations surface over Barcelona-Neymer deal

While Barcelona declared that the Neymar deal cost the club £48.6 million, Jordi Cases, a club member raised suspicion over the actual amount involved. Jordi Cases subsequently filed a lawsuit and the Spanish judiciary launched an investigation into the matter, looking for possible tax fraud. Barcelona denied the charges but in January 2014, club president Sandro Rossel handed his resignation under intense public protest.

24 Jan 2014
Bartomeu becomes club president, discloses Neymar deal details

Rosell was replaced by his close ally Joseph Maria Bartomeu as Barcelona club's president Bartomeu declared that the deal had cost £71.5m, instead of the £48.6 million claimed by Rosell. He disclosed that the club had paid a £33m to Neymar's father as a compensation fee. Additional payments made to Santos as signing-up fee and as options for future players were also revealed.

20 Feb 2014
Barcelona slapped with fraud charges, sued by DIS

A Spanish judge charged Barcelona with tax fraud, launching an inquiry into the matter. DIS, a Brazilian investment fund and Neymar's sponsor, also sued the club, ex-president Rosell, his replacement Bartomeu and Neymar for depriving them of the full share of the money. DIS, which owned 40% of Neymar's sports rights was required to be proportionately paid by Barcelona after signing up the player.

Information
Bartomeu and Ross could face prison terms

If found guilty of fraud and corruption in the Neymar transfer trial, Barcelona's current president Bartomeu and former president Rosell could face two years and seven years of jail respectively, along with fines.

2 Feb 2016
Neymar questioned over fraud allegations in Barcelona transfer

Brazilian football star Neymar and his father appeared before a Spanish court to provide evidence regarding allegations of fraud and corruption by Brazilian investment fund DIS, over his transfer to Barcelona. Prosecutors have charged Barcelona for concealing about £63m from tax authorities while signing Neymar on their team in 2013. Both Neymar and his father maintained their innocence in their testimonies.

3 Feb 2016
Neymar faces tax evasion charges in Brazil

Barcelona and Brazilian striker Neymar is under fire for evading taxes and falsifying documents over a 7-year period in Brazil. Brazilian authorities allege that that the striker committed the crimes between 2006 and 2013, the period before he joined FC Barcelona. Prosecutors also brought charges against Neymar's father and Barcelona's current president Joseph Maria Bartomeu and his predecessor Sandro Rossel.

7 Jun 2016
Spain calls for investigation on Neymar

Spain has called for investigations into the tax affairs of Barcelona and Brazil footballer Neymar. Officials alleged that Neymar and his father hid the true value of his transfer from Santos to Barcelona. Barcelona said it paid €57m for Neymar in 2013 but investigators say the deal was closer €87m. The move adds to Neymar's woes as he is facing similar charges in Brazil.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Prachi
Prachi
Mail
Gaurav Jeyaraman
Gaurav Jeyaraman
Mail
News and music is all its been and is all it ever will be. A cold beer doesn't hurt sometimes either.
Latest
Latest
Samsung Galaxy A33 5G receives latest Android security update
Samsung Galaxy A33 5G receives latest Android security update Technology
'John Wick: Chapter 4' director Chad Stahelski teases film details
'John Wick: Chapter 4' director Chad Stahelski teases film details Entertainment
Simona Halep wins the 2022 Canadian Open: Key stats
Simona Halep wins the 2022 Canadian Open: Key stats Sports
Bundesliga 2022-23, Bayern Munich beat Wolfsburg 2-0: Key stats
Bundesliga 2022-23, Bayern Munich beat Wolfsburg 2-0: Key stats Sports
2023 Kia Ray, with stylish looks, goes official: Check features
2023 Kia Ray, with stylish looks, goes official: Check features Auto
Next News Article
Next News Article

Love Sports news?

Subscribe to stay updated.

Sports Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022