Justice minister, DGA chief discuss partnership to boost digital judicial services    Netanyahu does not rule out further strikes on Hamas leaders    US farmers are being squeezed – and it's testing their deep loyalty to Trump    Romania condemns 'irresponsible' Moscow after Russian drone breaches its airspace    Kirk's assassination is forcing US politicians to make difficult choices about their safety    India players refused handshakes, says Pakistan coach    Final stage of Spanish Vuelta cycling race abandoned after disruption by pro-Palestine protesters    Mané fires Al Nassr past Al Kholood to keep perfect start as Ronaldo honored    Lacazette brace earns NEOM SC first Saudi Pro League win    Adolescence star Owen Cooper makes Emmys history at 15    Saudi liquidity grows 8.4%, reaching SR3.1 trillion in July 2025    Over 434,000 people acquire first aid skills during nationwide health campaign    Saudi Arabia's legislative advancement highlighted at International Conference on Judicial Training    Sudden swerving among 3 major causes of accidents in Riyadh in 2024    Princess Haifa emphasizes pivotal Saudi role in shaping future of tourism    Sahm Capital names Saudi Olympian Fayik Abdi as brand ambassador    SR9000 fine for copyright infringement using AI    King Charles and Prince Harry finally reunite after 19 months apart    Anastacia: Arnold Schwarzenegger made me sing Whatta Man 12 times    Thousands pay their last respects to Giorgio Armani, private funeral on Monday    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Investors felt 'betrayed' by Neymar transfer
Published in The Saudi Gazette on 05 - 02 - 2016

Brazilian investment group DIS, which owned 40 percent of Barcelona star Neymar's sporting rights before his move to the Catalan giants from Santos in 2013, claimed Thursday it felt "betrayed" after being shut out of the transfer negotiations.
Neymar, his father, Barcelona President Josep Maria Bartomeu and former club president Sandro Rosell were all called to testify by Spain's highest court this week over a complaint for fraud and corruption brought by DIS.
"I feel morally and economically betrayed," DIS owner Delcir Sonda told a press conference in Madrid.
The deal was originally valued at 57.1 million euros ($62.1 million) by Barca, 40 million of which was paid to the N&N company owned by the player's father, with Santos receiving just 17.1 million.
However, Spanish judicial authorities have estimated the number of simultaneous deals in the transfer amounted to at least 83.3 million.
DIS has claimed it was cheated of its real share of the benefits of the 23-year-old's move firstly because part of the transfer fee was concealed by Barcelona and Santos.
Moreover, they also believe a pre-contract agreement between Neymar and Barca impeded other clubs from making offers for the player affecting the value of the transfer fee.
DIS received just 6.8 million from the deal — 40 percent of the 17.1 million paid to Santos.
"I feel the like the victim of a robbery," added Sonda, who invested two million euros for his share in Neymar's rights when he was just a promising talent in Brazil.
Football's governing body FIFA has tried to prevent similar cases by banning the third-party ownership system, commonly used in South America, whereby investors buy shares in promising players in the hope of a windfall when they move to European clubs.
"We still don't know what the real cost of the transfer was," said Jose Barral, general director of the Sonda group.
"Delcir only began to know about the transaction through the press. Santos, Barcelona and Neymar never contacted him about the subject. He had a share in the deal and was left without knowing what had happened."
Neymar claimed when he appeared before Spain's National Court Tuesday that he was unaware of the fine details of the contracts his father had negotiated for him to sign.
The player's father also exonerated his son, but insisted there was nothing illegal in the way the deal was done.


Clic here to read the story from its source.