Neymar signs for PSG, Wenger hits out at 'irrational' transfer fees!
It's official. Paris St-Germain have signed Barcelona's Brazil forward Neymar for a world record fee of 222m euros (£200m) - shattering the previous record Manchester United set with their £89m deal for Paul Pogba back in August 2016.
The 25-year-old will reportedly earn £40.7m a year - or £782,000 a week - before tax from an initial five-year deal, making it an outrageous total outlay for PSG of at least £400m.
Earlier in the week, United boss Jose Mourinho said the transfer fee for Neymar was not too expensive considering his status in world football. However, Mourinho's long-time rival Arsene Wenger has criticised the world record deal.
The Arsenal boss was speaking ahead of this weekend's Community Shield against Chelsea, and suggested that the recent change in ownership of top European football clubs has helped inflate transfer fees to a level that is no longer rational.
He said: "For me it is the consequence of the ownerships. That has changed the whole landscape of football in the last 15 years. Once a country owns a club, anything is possible. It becomes very difficult to respect the Financial Fair Play."