Neymar buyout is new peak for fantasy soccer M&A

Neymar joined Barcelona from Santos in 2013

Citing the example of Trevor Francis, Wenger said football has come far in terms of financial might.

"La Liga is an entity that defends the interests of the clubs and right now it is defending Barcelona", said Marcos Galera, a lawyer and founding member of Spanish sports law specialists Agaz.

Too many a time, there have been cases where player expresses a desire for a new challenge, is no longer motivated by the prospect of turning out in his present colours and is offered no way out due to a contractual agreement that made no provision for one.

The transfer is more than double the previous world record set by Manchester United's capture of Paul Pogba from Juventus past year for 105 million euros, leaving many commentators aghast at the rampant inflation in football transfer fees.

In his four seasons there, Neymar scored 105 goals as Barcelona won the Champions League, Club World Cup, two Spanish league titles and Copa del Rey three times.

P.S.G.'s chairman, Nasser Al-Khelaifi, dismissed concerns Friday.

He added: "It was one of the most hard decisions I've made to move".

Yesterday, Paris Saint-Germain officially completed the signing of Brazilian superstar Neymar from Barcelona and in the process more than doubled the previous world transfer record after triggering the 25-year-old's enormous €222m release clause.

PSG president Nasser Al-Khelaifi opens by saying Neymar is a "worldwide idol" and "the best player in the world".

Neymar's record transfer to soccer team Paris Saint-Germain doesn't mean Qatar, which owns the club, is off the hook from shedding light on possible terrorism financing, France's government spokesman said.

"I had to think and re-think about what I wanted to do, I leave very good friends behind, but that is football. I am really sad people think I am motivated by money". I wanted something bigger.

"In Barcelona I had adapted well to the city and the team. For people worrying about Financial Fair Play, go have coffee, there are no problems".

Neymar said it was a hard decision to leave his friends and colleagues behind in Barcelona, who were disappointed to lose the player commonly seen as Messi's heir at Camp Nou.

"I have a lot respect for Barca, it's not a revenge", Neymar said when asked whether he made a decision to leave Barcelona for PSG as a revenge, probably in reference to the famous 2017 Champions League matches between the clubs, first of which resulted in PSG 4:0 win, but the second was won by Barcelona.

Champions Chelsea have shelled out up to £150 million on Antonio Ruediger, Alvaro Morata and Tiemoue Bakayoko, and Premier League clubs are not far from breaking their collective record spend from a year ago of just over £1 billion.

Hundreds of PSG fans had lined up to purchase replica team jerseys with Neymar's name on earlier Friday.

Neymar's first press conference with Paris Saint-Germain has started in a room packed with reporters, photographers and TV crews. Ligue 1 [French football league] is getting more competitive, and Neymar has signed to win all the trophies we can.

Related News:

  • West Virginia Governor To Switch Teams To Join Trump

    West Virginia Governor To Switch Teams To Join Trump

    Jim Justice, elected past year as a Democrat, is expected to announce Thursday night that he will be switching parties to the GOP. The switch would make the first time that a Democratic governor has switched to the Republican Party since 1991.
    Governor uses veto pen on school funding bill

    Governor uses veto pen on school funding bill

    Illinois Senate President John Cullerton says he'll send a bill that overhauls how Illinois doles out money to schools to Gov. From 1996 to 2005, CPS paid nothing into its pension fund, which nevertheless remained 100 percent funded through 2001.
    MLS Miami officially expected to be announced by fall

    MLS Miami officially expected to be announced by fall

    Prior to the meeting, it was thought that the vote would be the final approval for Beckham's group. Jeff Carlisle covers MLS and the USA national team for ESPN FC.
  • Google Play Services crosses five billion downloads mark globally

    Google Play Services crosses five billion downloads mark globally

    Google is courting developers to build high-quality products which could solve problems in India. Google Play Services hit a new milestone.
    Two days in Phoenix, two babies dead in hot cars

    Two days in Phoenix, two babies dead in hot cars

    The one-year-old female was left in the vehicle for about two hours, according to initial reports from Phoenix Fire Department. Police also said the baby was unresponsive when the father reached the church, meaning the baby was left in the auto to this.
    Venezuela defiant as U.S.  moves to sanction president

    Venezuela defiant as U.S. moves to sanction president

    Maduro's Socialist Party would have a stranglehold on power and create a Castro-like communist rule in Venezuela. Maduro says a new constitution is the only way to end such conflicts.
  • Qatar Airways drops plan to buy stake in American Airlines

    Qatar Airways drops plan to buy stake in American Airlines

    Qatar Airways has confirmed it would not be going ahead with its controversial plan to a buy a stake in American Airlines. However, Qatar Airways' investment proposition to American Airlines was far from welcome.
    Pentagon still awaiting WH direction on transgender policy change

    Pentagon still awaiting WH direction on transgender policy change

    Many of them were encouraged to begin the process of coming out by the previous administration, and now Trump is firing them. Trump's stated goal is to prevent disorder among the ranks. "It's unjust and disruptive to strip that away from them now".
    Sneak Peek: The Bachelorette 2017 Season Finale

    Sneak Peek: The Bachelorette 2017 Season Finale

    On Monday night's Bachelorette Men Tell All , Kenny will come face-to-face with Lee Garrett , this season's villain. Just when you thought we were done with the Lee drama, Chris had to bring him up on stage.
  • Microsoft's new Xbox Wireless Adapter is 66 percent smaller than its predecessor

    Microsoft's new Xbox Wireless Adapter is 66 percent smaller than its predecessor

    The announcement was made via Twitter confirming a partnership between the console manufacturer and fast-food chain, Taco Bell. All three controllers are wireless compatible with the Xbox One and can connect with PCs via a wireless adapter .
    Skype now lets you send money via PayPal

    Skype now lets you send money via PayPal

    The service initially will be rolled out to Skype customers on the latest version of Skype for iOS and Android mobile devices. Check out PayPal's blog post and we look forward to hearing your feedback in the Skype Community !
    Mayor linked to drugs trade among 14 shot dead in Philippines violence

    Mayor linked to drugs trade among 14 shot dead in Philippines violence

    Last year, police officers shot dead Albuera Mayor Rolando Espinosa Sr. inside a jail cell in the central province of Leyte. Following the raid police arrested Parojinog's daughter, the city's vice-mayor, and said she would face charges.


Most liked

Game of Thrones Episode 4 leaked online
The shocking news of leak comes just days after hackers breached into HBO episodes, " Game of Thrones " information online. A watermark on the episode (see above), suggests the screener was intended for internal use at HBO .

Stop making territorial claims on Bhutan's behalf: China tells India
China's road building on its own territory is aimed at improving local transportation, which is completely lawful and legitimate. However, India has flatly rejected these reports , claiming that it hasn't withdrawn any troops.

Mark Sampson: Sky is the limit for Lionesses
England held on from there to secure a famous win and they are now the highest-ranked team left in Euro 2017. England will fancy their chances against either team - but first they've got to beat the Netherlands.

The Dark Tower review: A bullet missed
On its own, The Dark Tower is a decent action-fantasy adventure that makes for an enjoyable experience for casual moviegoers. But, perhaps not any more. "There are no gunslingers", the gun-slinging Roland answers him.

BCC comments on Bank of England's 'Super Thursday'
The pair was trading at 1.3234 previously, while earlier in the day it hit a fresh near 11-month high of 1.3266. Growth then picks up to just above its reduced potential rate over the balance of the forecast period.

Section of Minneapolis school collapses after gas leak, explosion
Jacobson, the school spokeswoman, said Carlson graduated with the Minnehaha Academy class of 1953 and went to Sunday school there. The tragedy could have been "dramatically worse", Minneapolis Fire Chief John Fruetel said in a Wednesday night news conference.

NASA Hiring Planetary Protection Officer
The job also involves keeping samples safe from "extraterrestrial targets" brought back to Earth , Fox News reported . Think of it as a real-life "Man in Black": NASA is now looking to hire someone to protect the planet from aliens.

RBA warns high dollar may slow growth
PMI's are now broadly range bound around the 53-4 level for all three sectors and they are expected to remain around those levels. Moreover, Lowe actually said in his statement the terms of trade are expected to decline "over the period ahead".

What are fund managers saying about the RBI's bi-monthly monetary policy
RBI pushes for reinvigorating private investments, clearing infra bottlenecks and providing big thrust to PMAY. This is the first rate cut since October 2016 and the interest rate is now at a six-year low.

Trump Unveils Legislation Limiting Legal Immigration
The bill aims to end the diversity visa lottery, which allows 50,000 people from underrepresented countries to obtain green cards. The bill's supporters, meanwhile, say it would make the USA more competitive, raise wages and create jobs.

Kingfisher plc's (KGF) Buy Rating Reiterated at HSBC Holdings plc
Another trade for 30,000 shares valued at $3.68 million was made by ROBO JAMES L on Thursday, February 2. Bourgeon Capital Ltd Liability Corporation has invested 0.43% in General Electric Company (NYSE:GE).

United States Steel Corporation (X) Receives Average Rating of "Hold" from Brokerages
The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Following the completion of the purchase, the director now directly owns 21,872 shares in the company, valued at $436,127.68.

486 suspects on trial in key case of failed Turkish coup
A total of 461 suspects jailed pending trial were brought to the courthouse, handcuffed and each flanked by two gendarme officers. The trial centres around the Akinci air base which, the government alleges, was the plotters' headquarters.

Body Believed to be Missing Swimmer's Washes Up on Local Beach
The 19-year-old from Springfield Gardens went in the water Sunday evening with his friends, while lifeguards were not on duty. The Coast Guard launched a 45-foot Response Boat Medium boat crew and a 29-foot Response Boat Small to search for the man.

Danilo Gallinari Injured Hand After Punching Dutch Center
For Gallinari to take a swing at someone on the opposing team shows progress for the Clippers . The incident happened when the two players were lined up for a free throw.