Neymar snubs Chelsea, signs new Santos deal
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Brazilian highly-rated youngster Neymar has turned down a lucrative offer from English champions Chelsea and signed a new five-year contract at Santos.
According to Globoesporte, under the terms of the contract Santos will continue to pay the 18-year-old forward his previous salary of R$160,000 (€70,000) a month, with the remainder covered by private sponsors and investors as in the case of Robinho.
Neymar told a news conference: "I spoke with my dad a lot and I decided to stay.
"Money itself doesn't bring happiness. I am happy here at Santos and I want to continue being so."
Chelsea had reportedly made a final offer of €28 million, which fell just short of the release clause that the forward had in his contract. The new deal comes with a new €45 million release clause.
Santos president Luís Álvaro Ribeiro said: "Chelsea refused to pay the release clause. The fact we have kept this boy shows Brazilian clubs are no longer hostages to Europe."
According to Globoesporte, under the terms of the contract Santos will continue to pay the 18-year-old forward his previous salary of R$160,000 (€70,000) a month, with the remainder covered by private sponsors and investors as in the case of Robinho.
Neymar told a news conference: "I spoke with my dad a lot and I decided to stay.
"Money itself doesn't bring happiness. I am happy here at Santos and I want to continue being so."
Chelsea had reportedly made a final offer of €28 million, which fell just short of the release clause that the forward had in his contract. The new deal comes with a new €45 million release clause.
Santos president Luís Álvaro Ribeiro said: "Chelsea refused to pay the release clause. The fact we have kept this boy shows Brazilian clubs are no longer hostages to Europe."
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