The Ligue de Football Professionnel (LFP) has debunked speculations that Paris Saint-Germain forward, Neymar, has a €300million release clause in his contract.
Spanish newspaper, El Pais, had claimed that a failure to win the Champions League, the Ballon d’Or or The Best FIFA’s Men’s Player would have activated a €300 million release clause in Neymar’s contract on September 1, 2018.
But the LFP issued a statement on Friday in response to the article, citing a rule that says minimum fee release clauses and exit clauses are not permitted in professional French football contracts.
“The LFP issues a clear reminder about article 202 of its rule book,” the LFP statement read.
“Clubs are not allowed to sign contracts that contain release clauses that enable the agreement between both parties (player and club) to be unilaterally terminated.
“Therefore, with this text in place, Neymar’s contract is unable to contain such a clause. There is no such clause in the player’s contract, which was approved by the LFP’s legal committee,” it added.