Barca ties Neymar down with 250 million euro buyout clause

Brazilian striker Neymar has signed a five-year contract extension which includes a buy out clause of up to 250 million euros ($277.5 dollars), the Spanish club said yesterday

Barcelona: Brazilian striker Neymar has signed a five-year contract extension which includes a buy out clause of up to 250 million euros ($277.5 dollars), the Spanish club said yesterday.

Neymar

The deal will keep the 24-year-old international, widely regarded as one of the finest talents in world football, at Barcelona until June 30, 2021, the club said in a statement. "The player’s buy out clause has been fixed at 200 million euros for the first year of his contract, 222 million for the second and 250 million for the remaining three years," the statement added.

The previous buy out clause was 190 million euros. The club said it will formally present the new deal in Barcelona on July 15, before Neymar joins up with the Brazilian national side for the Olympic Games.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!