Santos rejects Barcelona's bid for Neymar

Updated: 23 May 2013 16:05 IST

The Brazilian outfit, which last week turned down Barcelona`s initial 18 million-euro bid for Neymar, made the decision after a meeting of the club`s board Wednesday night, reports Xinhua.

Rio de Janeiro:

Santos have rejected a 20 million-euro offer from Barcelona for Brazil star Neymar.

The Brazilian outfit, which last week turned down Barcelona`s initial 18 million-euro bid for the striker, made the decision after a meeting of the club`s board Wednesday night, reports Xinhua.

"Santos has analysed the the proposal and it doesn`t meet our requirements," Santos vice-president Odilio Rodrigues told O Globo.

"He (Neymar) remains a part of our team and has a contract until July 2014."

The latest development involving Neymar`s future comes amid reports that representatives from both Barcelona and Spanish rivals Real Madrid are currently in Brazil to negotiate a deal for the 21-year-old.

Santos, to whom Neymar is contracted until the 2014 World Cup, owns 55 percent of the player`s economic rights. The remainder is held by investment firms DIS (40 percent) and Terceira Estrela Investimentos (5 percent).

The club risks losing Neymar for nothing if it does not strike a deal for the forward before the close of the European summer transfer window in August.

Topics : Football Barcelona Brazil Uruguay
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