Official: Neymar completes World record Paris Saint-Germain move

Paris, Aug 4: Neymar completed his World record move to Paris Saint-Germain on Thursday (August 3) inking a five year-deal, earning him an estimated 30 million euros (USD 35.5 million) a year.

The deal was signed just hours after the 25-year-old paid off his 222 million euro (USD 264 million) buyout clause to Barcelona.

"I am extremely happy to join Paris Saint-Germain," said Neymar.

Done deal 😉✅
🖊 @neymarjr
🇧🇷 #BemvindoNeymarJR pic.twitter.com/NF6jopCR70

— PSG English (@PSG_English) August 3, 2017

"Since I arrived in Europe, the club has always been one of the most competitive and most ambitious. And the biggest challenge, what most motivated me to join my new teammates is to help the club to conquer the titles that their fans want."

"Paris Saint-Germain's ambition attracted me to the club, along with the passion and the energy this brings. I played four seasons in Europe and I feel ready to take the challenge."

"From today, I will do everything I can to help my new teammates, to open up new horizons for my club and to bring happiness to its millions of supporters around the world."

PSG said that Neymar will be unveiled at a press conference at the club's Parc des Princes at 1130 GMT today (August 4). He will then be presented to fans at the same ground at 1345 GMT on Saturday (August 5) before the season-opening Ligue 1 fixture against promoted Amiens.

Paris Saint-Germain is very happy to announce the arrival of Neymar Jr ➡ https://t.co/lKFj4qPDYA #BemvindoNeymarJR 🇧🇷 pic.twitter.com/rSvlBiKX6D

— PSG Officiel (@PSG_inside) August 3, 2017

Demain, @neymarjr s'exprimera à 13h30 pour les fans du PSG sur PSG.FR
Tomorrow, Neymar JR will be speaking for PSG fans on PSG.FR at 1:30 PM

— PSG English (@PSG_English) August 3, 2017

The transfer is more than double the previous world record set by Manchester United's capture of Paul Pogba from Juventus last year for 105 million euros, leaving many commentators aghast at the rampant inflation in football transfer fees.

The Brazilian sported the no.11 shirt at Barcelona, will now take over Javier Pastore's no.10 at PSG.

Neymar helped Barca win one Champions League, two La Liga titles and three Copas del Rey as well as one FIFA Club World Cup and one Spanish Super Cup during the four-years spent in Catalunya and tallied 105 goals across all competitions.

(With inputs from agencies)

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