Barcelona have agreed to pay a fine of 5.5
million euros ($6.21 million) to the Spanish
authorities to settle a tax fraud case over the
transfer of Brazil international Neymar in 2013.
Barcelona had been accused of concealing
part of Neymar's transfer fee when he moved
to Spain from Brazilian club Santos, with
several investigations carried out in Spain and
Brazil.
The settlement was reported by Spanish news
agency Efe last week and the club confirmed
in a statement on Tuesday that its board had
approved the agreement at a meeting the
previous day.
"The Board ... has decided to approve the
agreement presented by the club's legal
services with regard to the case surrounding
the signing of Neymar Jr, currently being
heard in the Courts of the Province of
Barcelona," the statement said.
"The agreement involves the recognition by
the club of an error in tax planning for the
signing of the player, for the fiscal years 2011
and 2013, when they did not correctly withhold
payments resulting from his incorporation.
"In addition, the club has been exonerated
from responsibility for the fiscal year 2014,
which was also part of the proceedings."
The vote by Barca's board approves a pact to
absolve both current president Josep
Bartomeu and former president Sandro Rosell
of wrongdoing with regard to the transfer.
Bartomeu was a vice president under Rosell
when Neymar was signed in a complex deal
involving multiple contracts.
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