The Latest: PSG boss says Neymar is a good financial deal – California News

The Latest: PSG boss says Neymar is a good financial deal – California News

The Latest on Brazil soccer star Neymar’s move from Barcelona to PSG (all times local):

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3:32 p.m.

Despite paying 222 million ($262 million) euros for Neymar, PSG president Nasser Al-Khelaifi is convinced he has sealed a good deal.

Al-Khelaifi says that before Neymar’s signing PSG was worth one billion euros, “and now it is worth 1.5 billion.”

He added that Neymar, who signed a five-year contract and will reportedly earn 30 million euros a year, will soon be worth “double” the price PSG paid for his services.

Al-Khelaifi also insists PSG did not breach UEFA’s financial fair play rules with the transfer.

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