Is a salary of £300,000 a week too much?

[bless 'em all]

He's a contractor just like us - he's just kicking a bag of wind instead of being one .....

[BrilloPad]

Poor guy indeed, having to hand over the price of a decent house every week to a bunch of civil servants.

I thought only the little people paid taxes?

[Bunk]

Why do they get paid weekly anyway?

They don't. It gets converted to an annual salary like any other, but not all of it will be paid on a monthly basis. Some of it will get held back and paid quarterly or annually. That's why many players are reluctant to hand in a transfer request when they want to leave, they will give up any remaining payments on their contract, whereas if the club decides to transfer them then I believe they still have to make those payments. It may also be made up of appearance fees, goal or assist bonuses and other extras.

[Mich the Tester]

They don't. It gets converted to an annual salary like any other, but not all of it will be paid on a monthly basis. Some of it will get held back and paid quarterly or annually. That's why many players are reluctant to hand in a transfer request when they want to leave, they will give up any remaining payments on their contract, whereas if the club decides to transfer them then I believe they still have to make those payments. It may also be made up of appearance fees, goal or assist bonuses and other extras.

Shouldn't he have most of it paid into a trust structure in a low tax country so that he can retire somewhere tasteful when he's 35 and avoid the parasitic bastards that call themselves governments everywhere in Europe? I hope he does; that would be more money denied to the incompetent pillocks who've got us all into so much debt.

[Bunk]

Shouldn't he have most of it paid into a trust structure in a low tax country so that he can retire somewhere tasteful when he's 35 and avoid the parasitic bastards that call themselves governments everywhere in Europe? I hope he does; that would be more money denied to the incompetent pillocks who've got us all into so much debt.

Spain used to have something that foreign players could use to minimise tax. Something to do with being temporary, or just having moved there I think. I can't remember the details but I think the government wanted to get rid of it because the foreign players were only paying about 20% whereas Spanish players were paying the full whack. I heard that Gareth Bale is going to get about £170,000 after tax so it would appear he's not eligible for it, or it's been abolished.

Edit: Oooh, found a Wail link, perfect

Also, paying players' wages through dodgy tax structures is risky, as Rangers found out to their cost

[Mephisto]

Me me me I want to have a crack at this one although I support Blackpool and if not for them I would have left the stupid money driven festering sack of s**t they call a sport behind long ago. I'm really only at toe dipping stage nowadays and prefer to watch the cricket... anyway...

It's not the players earning so much that's the issue it's the structure and the framework of finances in football that irks me. I have no issue with Bale earning £300k per week to kick a (not even real) pig's bladder around and would do the same. As a Contractor I invariably do the same thing.

If if IF the game could get itself in order and allow ALL teams to compete with each other instead of the same old snore inducing 'top' teams waving their wallet the fastest we might actually get a competitive sport to be proud of.

Instead we have a mongfest drowning with greedy, mean and moronic stakeholders (from fans all the way up to board level) that have little interest in the greater good and (in the case of average mong fan) would rather stand by and watch the drama. It's all symptomatic of the X FAKTAH way of being entertained. Then they can all coo and say 'oooo that's bad isn't it'. Then what?

[Scrag Meister]

Why do they get paid weekly anyway?

Because his accountant recommended minimising any outstanding debtors, and keeping payment terms as short as possible, if he got paid monthly and Real go bust he could be owed £1.2M+.

Would you stand for your ClientCo to be owing you that.

[d000hg]

Foreign players coming in to boost the profile of teams in your country, which export a brand, etc, actually seems one good reason to give players a tax break of some sort.

[darmstadt]

Foreign players coming in to boost the profile of teams in your country, which export a brand, etc, actually seems one good reason to give players a tax break of some sort.

Unless like the Premier League where only 36% of the players on matchday 1 were homegrown doesn't really help the national team. Quite surprised the Wail didn't pick up on that and start complaining about bloody foreigners nicking English people's jobs :-)

[d000hg]

Unless like the Premier League where only 36% of the players on matchday 1 were homegrown doesn't really help the national team. Quite surprised the Wail didn't pick up on that and start complaining about bloody foreigners nicking English people's jobs :-)

What's the national team got to do with anything? Buying in a famous player to an English team enhances that team's brand AND the league's as a whole. League = business, national = pride.