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Neymar, perhaps the biggest star of Brazilian football, has been defended by his father after speculation emerged that he could go broke if he keeps up his lavish lifestyle, Metro.co.uk reported.

In an article entitled ‘is Brazilian soccer star Neymar spending his way to bankruptcy?’Forbes magazine detailed the forward’s luxurious spending.

It included spending £1.8million on three properties, between £250,000 and £350,000 on a Porsche Panamera Turbo and a huge £5million on second-hand Italian yacht.

Other expenses have included a penthouse for the 18-year-old mother of his only child – worth about £630,000 - plus £9,400 per month in child support.

One hitch, says the report, is that Neymar earns a mere £5million a year.

But his father Neymar da Silva Santos has rejected the criticism.

‘I guarantee that Neymar's life is well looked after. There is no way this [bankruptcy] is going to occur.’