Antoine Griezmann signed for Barcelona on Thursday after the Spanish champions paid La Liga rivals Atletico Madrid the 120 million euro ($135 million) release clause required to sign the World Cup winner.

“The player will sign a contract with his new club for the next five seasons, through to 30 June 2024, with a buyout clause of 800 million euros,” Barca said in a statement.

FC Barcelona president Josep María Bartomeu alongside Enric Tombas and Oscar Grau yesterday signed a document to validate the payment of €120m from Barcelona’s accounts. This is clearly the amount needed to deposit Antoine Griezmann’s buyout clause with LaLiga to free him from his contract with Atletico Madrid.

It’s worth remembering that buyout clauses are no longer subject to VAT or other taxes. The person who is under contract is the one who needs to pay his buyout clause. However, it doesn’t have to be in person and, as is the case for Griezmann, can be done by a lawyer with permission of the player. 

FC Barcelona had originally tried to negotiate with Atletico Madrid in order to avoid going through LaLiga. Barça were even open to paying €127m, more than his buyout clause, as a sweetener to agree a different structure of payment. However this was rejected by Atletico and they insisted that Barça pay the full clause. Nelson Semedo was also mentioned in talks, this time by Atletico, but Barça said no.

Details Later…

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