Qatar Makes a $263 Million Statement With Proposed Neymar Deal
- Paris Saint-Germain signs Brazil soccer star in record deal
- Qatar locked in two-month diplomatic spat with Saudi bloc
Paris Saint-Germain Football Club have signed Brazil soccer star Neymar in a record deal that has shocked the world in terms of its size and scope. The Qatari owners of the French club will spend hundreds of millions of dollars over the course of the deal, which might not be solely focused on soccer. (Source: Bloomberg)
Neymar’s record transfer to French soccer team Paris Saint-Germain is a milestone for a club determined to win Europe’s top silverware. It’s also seen as a political statement by its wealthy owner: Qatar.
The Brazilian forward -- whose full name is Neymar Da Silva Santos Jr -- is joining PSG from Spain’s FC Barcelona after the Qatari-owned club agreed to meet his $263.7 million buyout clause. The total value of the deal, including wages and add-ons, may reach almost $600 million, Sky News reported.