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ESPN FC  By ESPN

Barcelona reach agreement in Neymar transfer tax case - report

The Barcelona board of directors have reached an agreement that opens the way toward a solution regarding the tax transfer saga of Brazilian forward Neymar from Santos to the Blaugrana, Spanish news agency Efe reports.

By the terms of the agreement, Barcelona are exonerated of any wrongdoing by the state prosecutors and agree to pay a €5.5 million fine to settle the matter.

The measure also exonerates current president Josep Maria Bartomeu and former president Sandro Rosell of any wrongdoing.

Initially the state prosecutors had recommended respective sentences of two years, three months and seven years, seven months for their alleged tax transgressions.

Barcelona are expected to formally announce the agreement on Monday.

Neymar
Neymar's transfer from Santos to Barcelona has been investigated by multiple courts.

The court has been looking into a complaint made by a Brazilian investment group which claims it was financially harmed when Barcelona and Neymar allegedly withheld the real amount of the player's transfer fee from Santos in 2013.

The complicated deal which took the Brazil captain to the Camp Nou has been the subject of multiple court investigations in both Brazil and Spain, with the full details of the deal still unclear.

Investment group DIS was entitled to 40 percent of Neymar's transfer from the Sao Paulo club, but claims it received a smaller compensation than it should have because part of the transfer fee was concealed.

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