CAS rule in Barcelona’s favour after Santos claim over Neymar transfer

Neymar 1140x750The Court of Arbitration for Sport (CAS) has rejected Brazilian club Santos’ case against Barcelona relating to the signing of Neymar in 2013, the Spanish club said in a statement on Tuesday.

Santos had presented a claim to FIFA in 2015 asking for £54m in compensation and damages after Barcelona made a payment to Neymar’s father and the family company N&N before signing Brazil forward for an initial fee of £51m.

The CAS found that the contract between Santos and Neymar was ended by mutual agreement and that Barcelona did not flout the transfer agreement when it paid additional fees to the player’s father and the firm N&N,’ Barcelona said.

‘Barcelona did not commit any fraudulent conduct when it signed a pre-transfer agreement with Neymar nor when it signed the transfer with Santos.’

The statement added that Santos had been ordered by CAS to pay Barca’s legal fees of £17,000.

Neymar’s transfer from his boyhood club to Barcelona was shrouded in legal troubles, leading Spain’s High Court to launch a fraud and corruption investigation into the player, who denied any wrongdoing over the value of his transfer.

The investigation also led to Barcelona’s then-president Sandro Rosell, who brokered the deal, resigning from the club in 2014.

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