Barcelona and Real Madrid face hurdle in pursuit of Brazilian talent Endrick as premier league move became an option.
Recruiting players from Brazil and other South American nations is nothing new for Barcelona and Real Madrid.
The two clubs have been successful in the continent in recent years, bringing in a variety of brilliant athletes who have gone on to have successes on the professional level.
Endrick, a young kid from Palmeiras, is just one of many such prospects that both teams are interested in, especially following a string of outstanding displays in the Brazilian juvenile divisions.
However, a report from Globo Esporte claims that Palmeiras has no plans to sell its talented player to either Barcelona or Real Madrid. The Brazilian powerhouses seem eager to avoid paying the taxes associated with selling assets to any team in Spain.
In fact, the Spanish royal treasury required Brazilian clubs to pay a 15% tax on all transactions in the past. There are currently no other leagues with a notorious tax structure in existence, despite the fact that the practice has been going on for years.
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In essence, that means that €7.5 million might be given to the Spanish Treasury if Barcelona is willing to pay €50 million for Endrick’s services.
Then, even if they are only willing to invest €45 million, Palmeiras may benefit from accepting a cheaper offer from any other European team.
Due to this conundrum, Palmeiras has decided to rethink sending players to either Barcelona or Real Madrid. Knowing the player’s interests could also be crucial in aiding his transfer out of the club, thus the situation is far from clear-cut.
Endrick is presently playing for Palmeiras’ first team and is excelling. Although he cannot leave Brazil until he is 18 in 2024, this will not stop Barcelona or Real Madrid from entering into hasty negotiations and signing him before that date.