Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Higher UK Taxes Could Deter Top Players
Guardian, November 25th, 2008 11:30AM

MOST READ

MOST COMMENTED

Increased tax rates for high earners, announced by the U.K. ruling Labour Party Monday, could deter soccer stars from playing in the English Premier League, writes Matt Scott. "England has traditionally been one of the most attractive football destinations," he writes, "where big incomes have been buoyed by one of Europe's softer tax regimes and the strength of the pound against the euro."

As agents tend to negotiate their clients' contracts in net figures, clubs will likely have to find extra money to lure or retain big names before the higher tax rate is introduced in 2010. Adding to the clubs' burdens is the current economic downturn, with clubs struggling to raise credit to cover existing borrowing.

"The clubs will have to pay a bit more because European players only talk in net," one agent told Scott. "And when you are earning £3-4 million (around $4.6 to 6 million) a year that is not insignificant money net." Also, the pound has plummeted in value against the Euro in the past three months, costing European players remitting their salaries back to the Euro-zone another 20 percent. Heartbreaking, isn't it?

 

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Five Lessons to Prepare for College Soccer    
Ed McLaughlin, the Athletic Director at Virginia Commonwealth who has been involved in college athletics for ...
Cal South TOPSoccer Program Turns 25    
"We're all soccer players, special needs or not," says Sandy Castillo, chair of the Cal South ...
How Neymar Played in Childhood     
Neyrmar: "I used to pick up the ball, set up the furniture and go around dribbling ...
Chivas USA Youth Players Face Murky Future    
Chivas USA, which folded after the 2014 season, had one of the MLS's most ambitious youth ...
Roma Partnering with U.S. Youth Clubs    
Italian Serie A club Roma, which has American ownership, aims to forge partnerships with seven U.S. ...
LVG: Falcao "Has to Prove Himself"    
Manchester United coach Louis van Gaal has responded to criticism over dropping Radamel Falcao by claiming ...
Report: Adidas to Assist Messi Move?    
According to Spanish sports daily AS, Lionel Messi's sponsor Adidas could be the key to the ...
Mourinho Questions Man City's Transfer Policy     
Chelsea coach Jose Mourinho suggested that rival Manchester City is not adhering to UEFA's Financial Fair ...
Toure Admits Man City Future in Doubt     
Speaking ahead of the opening games of the African Nations' Cup in Equatorial Guinea this weekend, ...
Ronaldo Blasts 'Defensive' Atleti Tactics    
Cristiano Ronaldo blasted Atletico Madrid for its unattractive style after the Rojiblancos ousted Real Madrid from ...
>> Section 2 Around the Net Archives