Barcelona and Neymar reach ‘amicable’ out of court settlement

Barcelona and Neymar have reached an out of court settlement, with the Catalan club agreeing to pay €222 million (US$264m) for the player.

Barcelona and Neymar reached an amicable out of court settlement over the Brazilian’s contract. The agreement will allow Barca to sign players in the future, but not until after Neymar has left the club.

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Barcelona and PSG forward Neymar have resolved a number of long-running legal issues outside of court, according to the Catalan club.

Barca did not disclose the terms of the deal or which topics were still unresolved prior to Monday’s accord.

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Neymar’s €222 million transfer to PSG in 2017 sparked a series of legal battles between the two sides, with Neymar demanding Barca pay him an unpaid renewal bonus and the club suing him for breach of contract.

“Barcelona have resolved the numerous labor and civil litigation matters that were open with the Brazilian footballer Neymar in an amicable manner outside of court,” the Blaugrana announced in a statement on Monday.

“As a result, the club and the player have reached a transactional agreement to terminate the legal proceedings that were outstanding between the two sides.”

In 2017, Neymar moved from Barcelona to Paris Saint-Germain. Getty

Neymar joined Barcelona from Santos in Brazil in 2013, and his tenure there, as well as the years following his departure, has been marred by off-field issues.

Sandro Rosell, the former president, resigned in 2014 after a Spanish court consented to consider a case claiming that the true cost of the transaction was concealed in fraudulent documents.

Barca originally said that Neymar cost €57 million, but it was subsequently discovered that the true cost was closer to €80 million. A significant portion of the ultimate price was paid to a business controlled by Neymar’s father.

In an effort to preserve the club’s reputation, the club was ultimately charged with tax fraud and paid a voluntary €13.6 million to settle the case.

As a consequence, DIS Esporte, which received 40% of Neymar’s economic rights when he was a Santos player, launched a complaint, claiming they were not paid what they were owed from the agreement. The club has never been charged with a crime.

Following Neymar’s transfer to PSG in 2017, numerous legal problems arose between the player and Barcelona.

He was forced to pay Barcelona €6.7 million in July after a disagreement over a €43 million renewal bonus included in his previous contract, which he signed with the club in 2016.

Before leaving Barca, he got approximately €14 million of the bonus, which he placed with a notary after it became clear he was signing for PSG.

When he signed a world-record contract with PSG, he insisted that Barca pay the remaining bonus. Barca reacted by suing him for breach of contract, demanding the return of the €14 million already paid to Neymar as well as €8.5 million in damages plus interest, as represented by Costa-Torrecillas-McCragh.

Neymar was in violation of his contract because he ended it prematurely without good cause “beyond his simple desire” to join for another club when PSG paid his release clause, according to the entire decision, which ESPN has access to.

Neymar filed an appeal, but Barcelona now claims that all issues involving its former star have been settled.

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