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Barcelona Agree to Pay Fine for Neymar Transfer Tax Fraud

Related Topics: Neymar, Barcelona, Tax, Tax evasion, Fraud

Barcelona have agreed to settle the ongoing tax fraud case over their purchase of Neymar from Santos in 2013 by paying the Spanish authorities €5.5 million (£4.4 million).

A Barcelona statement confirmed that the Catalan club's board had agreed to the settlement, via Sky Sports's Allan Valente:

The Board ... has decided to approve the agreement presented by the club's legal services with regard to the case surrounding the signing of Neymar Jr, currently being heard in the Courts of the Province of Barcelona.

The agreement involves the recognition by the club of an error in tax planning for the signing of the player, for the fiscal years 2011 and 2013, when they did not correctly withhold payments resulting from his incorporation.