La Liga rejects PSG’s release clause payment for Neymar

La Liga rejects PSG’s release clause payment for Neymar

What has been termed as the world-record transfer in the football history is now under scrutiny by the La Liga bosses. The payment of Neymar’s release clause by PSG has been refused.

Representatives of Neymar and PSG arrived at the La Liga offices in Madrid on Thursday, planning to deposit the fee to activate the release clause, reports AS.

LaLiga issued a brief statement to BBC Sport following their rejection of the £200 m: “We can confirm that the lawyers of the player (Neymar) have come to La Liga to deposit the clause and that it has been rejected. It is all the information we will give so far.”

Neymar has reportedly agreed to a contract with Paris Saint-Germain, and his proposed move from Barcelona to the French capital could be worth a whopping £450 million in total, which also includes £200 million of his buyout clause.

The principal reason that the organisation has deemed the move impossible is because of the financial fair play concern. PSG cannot finance a move for Neymar without violating the Financial Fair Play regulations imposed by UEFA.

The catalan club released a statement on Wednesday confirming that the player can leave if his £200 million release clause is activated. However, the activation of a release clause is a right that only Spanish Clubs are entitled to.