Jul 11, 2013, 4:18 PM EDT
Neymar caught plenty of the limelight with his high-profile switch from Santos in Brazil to Barcelona.
Only now peeking through is how little Santos really benefitted.
Barcelona’s reported €57 million ($74.7 million) transfer fee has found its way mostly into the pockets of the agents, including Neymar’s father Neymar da Silva Sr.
According to Spanish paper AS, which published images of the contract, of the €57 million Barcelona paid for Neymar, €39.9 million ($52.3 million) went directly to the agents, including Neymar’s father, leaving just €17 million ($22.3 million) to Santos. Then, Santos had to pay €7.65 million ($10 million) to an investment group who partially owned Neymar’s rights.
That leaves just €9.35 million ($12.3 million) to the club, a measly 16.4%.
One of the largest players representative firms in the world, FIFPro, has taken notice. Secretary General of FIFPro Theo van Seggelen tweeted “third party ownership damages football” and “financial transparency in football is crucial to safeguard the sport.”
It’s a huge loss for Santos, who basically received pennies on the dollar for their most prized asset, with basically nothing they could do about it. In that sense, van Seggelen makes an entirely valid point. Agents lined their pockets, Neymar made his move to the world’s biggest stage, and his former club are left to lick their wounds.
Apr 24, 2014, 9:59 AM EDT
For Chelsea, the Liverpool match represents, well, a headache, apparently.
Apr 24, 2014, 9:17 AM EDT
So bad you have to see it. That’s the only was to describe Spain’s official World Cup anthem.
Apr 24, 2014, 8:08 AM EDT
Where, exactly, Moyes’ future lies next is a topic of some debate.
Apr 24, 2014, 12:36 AM EDT
Mariano Pavone’s first half goal in Toluca delivered La Maquina a record-breaking title.
Apr 23, 2014, 11:56 PM EDT
The Red Bulls’ slow start is quickly becoming a distant memory as New York posted a 4-0 win over visiting Houston.
Apr 23, 2014, 8:26 PM EDT
A future star makes a quick impact as Washington puts week one behind them.
Apr 23, 2014, 5:55 PM EDT
Ronaldo pronounced fit; Benzema breaks through, and Casillas stones Götze.
Apr 23, 2014, 5:30 PM EDT
Incredible plans to expand Anfield revealed, as public will now have their say:
Apr 23, 2014, 4:51 PM EDT
Tedious Tiki-Taka, counter-attacking clinic and gilt-edge chances:
Apr 23, 2014, 4:45 PM EDT
Striker’s 19th minute score gives the nine-time champions a 1-0 lead ahead of next week’s second leg.
Apr 23, 2014, 4:19 PM EDT
Find out who won the PL Player of the Week award, right here:
Apr 23, 2014, 3:36 PM EDT
Which players made the PL team of the week? Find out, right here:
Apr 23, 2014, 2:54 PM EDT
The top two remain unchanged, but there’s a major shakeup in elsewhere near the top of our weekly rankings.
Apr 23, 2014, 2:25 PM EDT
Andrew Dykstra wants to brew you a beer, and several teams have specific offerings in mind.
Apr 23, 2014, 1:42 PM EDT
The big guns will be firing for Bayern Munich and Real Madrid at the Bernabéu, and there’s plenty of ammunition on both benches if needed.
Apr 23, 2014, 1:28 PM EDT
Reports say David Moyes was “seething” at what he perceived to be an unprofessional dismissal from Manchester United.
Apr 23, 2014, 12:52 PM EDT
Bad news for England, as Januzaj is headed for a brand new Belgium kit.
Apr 23, 2014, 12:11 PM EDT
Some slots are firm, while there’s plenty to be settled in the next few weeks. Let’s take a look at whose guaranteed to make the group stage
Apr 23, 2014, 11:41 AM EDT
Speaking with Sports Illustrated’s SI Now, Donovan spent some time lauding David Moyes and lamenting his dismissal from Manchester United.
Apr 23, 2014, 10:52 AM EDT
He’s simply one of the worst that’s ever played.
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