Neymar signs five-year deal to complete world record PSG move
August 4, 2017 03:56 PM NPT
PARIS, August 4: Neymar completed his record-shattering transfer from Barcelona to Paris St Germain on Thursday, signing a five-year deal with the French club after they triggered his 222 million euros ($263 million) release clause.
The 25-year-old Brazil forward, who will be presented to fans on Saturday, is committed to PSG until June 2022, the club said in a statement. Media reports have said he could earn around 550,000 euros per week.
"Today, with the arrival of Neymar Jr, I am convinced that we will come even closer, with the support of our faithful fans, to realizing our greatest dreams,” said PSG's Qatari President Nasser Al-Khelaifi.
Both Barcelona and Spain's La Liga questioned whether the move complied with UEFA's financial regulations, with the club saying they would report the deal to European football's governing body.
The transfer doubles the previous world record fee paid when Paul Pogba moved last August from Juventus to Manchester United for a 105 million euros.
With the Spanish giants certain to be in the market for a replacement for the Brazilian forward - and with a hefty budget to invest - the Neymar move could set off a chain reaction of deals at top clubs across Europe.
Yet for PSG the signing is a huge coup, bringing them one of the most exciting talents in the world game.