Hebei CFFC and Barcelona reach Mascherano agreement

Wantaway Barcelona defender Javier Mascherano is finally set to leave the Liga giants after the club accepted a bid for the player from the CSL outfit Hebei China Fortune.

The two clubs have been wrangling hard over the final transfer fee, with Barca demanding at least €10 million for the Argentinian. However, Hebei China Fortune are reluctant to pay more than €5.77 million, which would trigger a 100 percent levy on the payment for the transfer.

The Chinese Football Association announced last June that any loss-making club in China's top two divisions that pays more than 45 million yuan (€5.77 million) for a foreign player transfer must pay the same amount to a CFA youth development fund.