Neymar Jr Has Assets Frozen

Neymar Jr Has Assets Frozen

Monday, 28 September 2015

Brazil and Barcelona football player Neymar Da Silva Santos Junior, more commonly known as Neymar Jr, has found himself in a sticky legal situation after a court in his homeland froze the star's assets following allegations of tax evasion.

The flamboyant attacker, who signed up to serve as a brand ambassador for PokerStars in May, has seen assets valued at £31.3 million ($47.5 million) frozen by Judge Carlos Muta.

In a ruling made on Friday in Sao Paulo, the 23-year-old is alleged to have missed paying tax worth an estimated £10.5 million ($15.9 million) between 2011 and 2013. According to court documents, the judge decided to freeze the assets of Neymar Jr, his family and three companies connected to the footballer for 'omitting sources of income from abroad'.

Stating that the young player is 'solely responsible for the income declaration' of all businesses to which he is connected, Judge Muta decided to place a court injunction on a variety of cash and property assets linked to the soccer player.

During Neymar Jr's move from Santos to Barcelona in 2013, the then president of the Spanish club, Sandro Rosell, refused to reveal the full terms of the deal. Despite stating that it cost Barcelona £41.1 million ($63.7 million), part of the transaction wasn't fully disclosed to the public until Josep Maria Bartomeu took control of the reigning champions last year.

It was later revealed that the transfer actually cost £63.4 million ($96.2 million) after a series of payments to Neymar Jr and his family had been taken into account. At this stage the footballer and his agent haven't made a public comment with PokerStars also remaining quiet on the situation.

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