Transfer sets record
The Brazilian forward Neymar is expected to complete the richest transfer in soccer history this week after informing his club, Barcelona, that he wishes to join Paris Saint-Germain. The transfer fee alone will cost the French team $263 million, more than doubling the previous record. As well as meeting the buyout clause in the player’s contract at Barcelona — 222 million euros ($260.8 million), a figure once thought to be out of the question even for the world’s richest clubs — PSG is prepared to pay Neymar around 30 million euros a year, after taxes (about $35 million), in salary over the next five years. Neymar’s father, who also acts as his agent, is expected to earn a commission in the region of 40 million euros. Some estimates have put the total cost of the deal to PSG’s Qatari owners at more than half a billion dollars, including various image rights allowances and, according to at least one report, a possible ambassadorial role for Neymar during the 2022 World Cup in Qatar.