Barcelona cleared by CAS of fraud in Neymar transfer from Santos

FC Barcelona have been cleared by the Court of Arbitration for Sport (CAS) of committing fraud when they signed Neymar from Santos. The left forward left Brazil in 2013, but ever since he joined the Spanish giants the deal between Barcelona and Santos has seen a lot of controversy.

While Barcelona claimed they had sealed a deal for €17m, it was later revealed that the Spanish club actually paid around €83m. Large sums of that fee were paid to Neymar’s father and the forward’s private companies. Santos then appealed to CAS that Barcelona owed them another €61m in compensation.

The court has now ruled in Barcelona’s favour and the club has released an official statement:”The Court of Arbitration for Sport has dismissed the appeal made by Santos to FIFA in which the Brazilian club claimed a payment of €61,295,000 in damages from FC Barcelona and the corresponding sporting bans with regards to the transfer of Neymar Jr.”

“The CAS considers that the contract between Santos and the player was ended by mutual agreement, that FC Barcelona did not infringe any transfer agreement when it paid additional amounts to the father of the player and to the N&N company and that FC Barcelona did not behave in a fraudulent manner when it signed a pre-contract with Neymar Jr, nor when it signed a transfer agreement with Santos.”