Neymar is officially no longer a Barcelona player after his £198million release
NEYMAR is officially no longer a Barcelona player. The Brazilians legal representatives have paid his £198million release clause from his contract.
Neymar left his house in Barcelona on Thursday as he takes a giant leap to becoming the worlds most expensive footballer.
Neymar touched down in Portugal on Wednesday to complete his PSG medical.
Neymar is no longer a Barcelona player after his release clause was met.
A statement posted on Barcas official website read: On Thursday afternoon Neymar Jrs legal representatives visited in person the Clubs offices
and made the payment of 222 million euros in the players name with regards to the unilateral termination of the contract that united both parties.
As such, the Club will pass on to UEFA the details of the above operation so that they can determine the disciplinary responsibilities that may arise from this case.
Neymars fee was initially thought to be £195m but the ever-changing exchange rate means that figure has rocketed to a stunning £200m.
The 25-year-old is now on the verge of becoming the worlds most expensive player when he pens a five-year deal with PSG.
It is believed Neymar will pocket a staggering £500,000-a-week AFTER tax to join the French giants.
Neymar is already believed to have completed his medical ahead of the move when he touched down in Portugal on Wednesday.
Neymar landed at Porto airport on Wednesday to undergo his PSG medical.
Neymar is about to smash the world-record to become the most expensive player ever.
What is a buy-out clause? The Spanish buy-out clause system is extremely complicated.
But, effectively, the fee is a pre-determined amount set between a club and a player upon signing a contract.
In order to trigger a release, the player will need to pay his own clause — and has the money transferred to him from the buying club.
If the transfer is done on good terms, it can be a relatively simple procedure which imitates any other deal.
In that case, when the money is transferred to the player's account, it is then liable for taxation at a rate of around 18 per cent.
Should the deal become hostile, the selling club could refuse to negotiate until forced to — as Barcelona are doing in this instance.
It would then go before a tribunal and the rate for tax then ranges from 20 to 47 per cent.
So, a player with a buy-out clause of £40million could actually cost as much as £58.8m.
That means the Neymar transfer could even cost Paris Saint-Germain as much as £300million, in theory.
Angry Barcelona fans have been burning their Neymar shirts. Just how will Neymar, Dani Alves and Edinson Cavani line up for PSG in Ligue 1 next season 170803.
His move to the French capital is expected to be made official by the end of the week and he could make his debut against Amiens on Saturday.
Neymar will be handed the No 10 jersey upon his arrival with future team-mate Javier Pastore expected to hand over his number.
Barcelona fans have been left furious with Neymar over the deal.
Fans have taken to social media to burn their shirts after the Samba star forced his way out of the Nou Camp exit door.
Supporters also propped up posters around their stadium with the words: Wanted: Traitor.
"Mercenaries must go, Barcelona is only for players who love the shirt.
Neymar had angered some of his Barcelona team-mates over his move to PSG.
Barcelona have reportedly held talks with Monacos Kylian Mbappe.
Liverpools Philippe Coutinho is being lined up by Barcelona as Neymars replacement. Angry Barcelona fan burns Neymar shirt ahead of his world record move.
And it wasnt just fans who had grown tired of Neymars antics as several first-team stars demanded he tell them the truth about where his future lies.
Andres Iniesta previously told the club he believed keeping the former Santos striker was more useful than the £198m his sale would bring in.
But the switch will mean Barca will have a huge wad of cash in order to find his replacement.
The club have reportedly held talks with Monaco sensation Kylian Mbappe as they aim to pip rivals Real Madrid to his signature.
They are also plotting a stunning double raid on the Premier League with Eden Hazard and Liverpools Philippe Coutinho on their radar.
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