Can FC Barcelona afford Neymar Jr with his rising fame?
As Neymar Santos appeared in court just last week to testify against allegations of serious corruption and fraud involving his famous transfer to Barcelona FC, is his retention at the Nou Camp at all sustainable? Neymar was the 23rd highest paid player this 2015, with $14m from his remuneration and $17m from endorsements (you would think it’s the hair, but really it’s Nike and Beats By Dre). The sporting sorcerer is going to be the 3rd highest salaried player just after his teammate Messi and Real Madrid’s Cristiano Ronaldo.
This is despite continuous problems for the unpaid taxes in 2007-08, and $47.6m of Neymar’s total assets being frozen because of Neymar declaring only 8% of his assets in 2013, omitting the advertising and Barcelona FC payments. These troubles run almost parallel to Neymar’s former club Santos, who sued Barcelona and Neymar’s father’s company over the alleged tax fraud findings by concerned Spanish authorities. The disclosed fee of $64.3 mil was actually between an amount of $83mil to $122.6m and Barcelona concealed this crucial part of the deal.
Neymar has undeniably become instrumental to Barcelona FC at the current season, but can The Catalans tolerate his ensuing legal problems and their stretched budgeting tough challenges, to keep this gem in their proud crown of jewels (Messi-Suarez-Neymar or MSN)? Messi’s and Neymar’s contracts could threaten the economical status of Barcelona and break the Fifa Financial Fair Play regulations. The Catalonian club is looking to increase its income to avoid exceeding the remuneration spending cap of $360m established by La Liga. Barcelona is already positioned at $358m per year but 73% of The Catalans gross revenue goes towards the tectonic trident of MSN.
The Catalans’ coffers are being strongly challenged by the English Premier League, and the intimidating broadcasting veins of ore that are now almost guaranteed to flow into the EPL elite clubs. Barcelona wants to keep EPL giants Man Utd, Chelsea, and also Man City away from MSN, and especially the likes of Real Madrid and Man Utd from Neymar.