Santos president Luis Oliveira has revealed that the club closed down its futsal and female teams in order to finance the deal to keep star player Neymar at the club.
Neymar put a definitive end to speculation about his club future recently when he extended his contract with Santos for a further two years to 2014.
The extension of his contract meant that Real Madrid and Barcelona would have to wait beyond the 2014 World Cup in Brazil to attempt to lure the starlet to Europe.
However, the deal, which pays 19-year-old Neymar a whopping £221297 a week, has a high price for Santos.
Oliveira revealed the sacrifices the club had to make in order to keep the highly-rated youngster in a press conference.
He said: “The Neymar operation was something that had never been done before, but it came with a price. With the titles that we have won in the last years, our payroll had to be readjusted, because the value of our athletes is now higher.
“It is normal to cut costs, the decision to achieve this is always complicated, but we are in a period of transition in female football. Perhaps a shock will make things change.
“Our futsal team had good visibility, but our payroll was big, and Santos cannot afford to have a team that is not self-sustaining.”
However, Oliveira is ready to lose midfielder Ganso after contract talks reportedly came to a stalemate.