Yeah you have to stay out the country for >270 days to avoid the tax. A guy I worked with has just gone out there and has rented a place in Cyprus to chill out at and fly his family over to.
Yeah you have to stay out the country for >270 days to avoid the tax. A guy I worked with has just gone out there and has rented a place in Cyprus to chill out at and fly his family over to.
You also have to be gone for a full tax year to start with so Jordan's not even started his time yet.
All 191cm of Dragusin to Spurs. They are cooking something big
As the oily stench of machined brine bricks wafts across the freezing training ground from the dense smog clouds over the Humber (sorry I haven't been to Hull so using poetic licence), do you think he might wonder whether he might have taken a wrong turn at some point?
That's high end usage of photoshop.
In my mind Leipzig is an industrial hellhole so maybe it's an improvement?Originally Posted by Jimmy Floyd
Art.
Leipzig is actually picturesque but I agree, basically any German city sounds to the semi-trained ear like it's a steaming shitwipe on the Ruhr.
Hold me.Chelsea are interested in Republic of Ireland striker Evan Ferguson, 19, but Brighton will demand a fee in excess of Ł100m to sign him.
I was thinking the other day we should probably have a crack at ruining him. For king and country.
He’s looked pretty hopeless this season tbf. The reverse operation
Not that he’s signing. Oshimen is already done. Another black man, another Chelsea fan.
Ferguson looks like a lad that will be more likely dropping down the leagues than anything, the manager has completely lost confidence in him and hung him out lately. Running out of chances there - Aaron Connolly mkII.
Why the fuck Osimhen would sign for us is anyone's guess, but it'll be a real test for the surgeons if so.
I might be seriously out of whack here but I'm gonna go with ŁŁŁŁŁŁŁŁŁŁŁŁŁ.
Last edited by Yevrah; 12-01-2024 at 10:19 AM.
Yeah basically get offered a guaranteed millionaire lifestyle in London for the next decade seems to swing it.
Yeah but isn't he the level of player who could get that same offer but for a good team? I dunno, maybe it's not about that these days, I feel like a confused old man with most of this stuff.
Chelsea don’t hand out huge contracts anymore. Well, relatively speaking. None of the signings in the last year are on over 160k a week.
The club are just massive to these African and South American kids who grew up in the 2000s. Chelsea in 10th place and you have one of the most in demand strikers twerking for them in interviews and on Twitter
You still hand out long contracts, you just can't amortise the fee with them.
Waff struggling to get round the idea that 300k a week over 4 years and 150k over 8 years are the same number. It's why he's so impressed with Todd's accounting work.
Cry more junkie boi
Is the player playing for free for the 4 years after their 300k a week contract expires in this scenario?
They're playing for the value of the contract, over its stipulated length. However many million guaranteed is however many million guaranteed. An 8 year deal for the same total amount as a 4 year one is absolutely worth the same to a footballer. I mean, who actually sees out contracts without renegotiation at some point anyway? So either you're good and you renegotiate for more money down the line/leave/also get paid your loyalty bonus etc or you're shit and you've got your set for life contract anyway. Feels like a bit of a house of cards business move generally.
Bit like all those options to renew the Glazers we/are so fond of. Have any of those ended up being anything other than tying a player you don't really want to the club for more time at inflated wages? Come on down Aaron Wan-Bissaka, Anthony Martial, Victor Lindelhof . . .
https://www.theguardian.com/football...after-73m-loss
More FFP wins. Bruno's Ł100m release clause and Miley both looking real tasty.
Miley to Man City was something I thought the first time I saw him play, although Man City may not be the long term play for a talent like that anymore so perhaps it would be someone else.
.... mate.
What a load of shit.
If you get a 300k a week contract over 4 years you are guaranteed that money over 4 years. Even if you then turn to shit, you can camp out the remainder of the contract and you're still going to get a contract somewhere earning an amount of money afterwards. If you do well and the team wants to keep you, or another team wants to buy you, you have massive leverage to ask for a contract at least equal to the terms you are currently on. Even if you retired, you've made the same amount of money in half the time.
If you sign an 8 year contract on 150k a week, then even in your scenario where you renegotiate because the team wants to keep you, your starting point is 150k rather than 300k.
Your earning potential over the 8 year period is clearly drastically higher on the 4 year contract.
I for one would much rather earn Ł100 over 8 hours than over 4 hours.
That's before you even factor in the huge impact of compound interest on earnings made earlier in your career.
Yes, perhaps I wasn't clear enough. I wasn't specifically endorsing phonics' it's the same line, more trying to make the point that offers of long contracts absolutely are a financial incentive, and are the sort of thing that somewhat undermine the 'lol he's only on *insert shit overpaid player* money' if said money is being paid for the next decade, as opposed to a normal contract length. Which, in turn, feels like a dangerous game as the financial side of things isn't the same as in baseball, where this idea is clearly very prevalent.
If you were a 21 year old footballer offered two contracts, one for X per week over 4 years, and one for 0.75X over 8 years, which would you take?
For example, what do you do when you've signed Marc Cucurella to a 6 year Ł175,000 a week contract and then found out he's shit?
I mean, they literally pioneered the Bogarde rule.
I mean you explicitly did endorse it.
It is worth the same.
There is no guaranteed new contract in 4 years.
When you sign both contracts you are guaranteed the same amount of money from both [on those facts although clearly, given the choice getting it quicker is preferable]. Let's not worry about interest or investment strategies or whether Keir Starmer's Labour Party are going to reintroduce the 99% marginal tax rate.
Given it makes the 4 year contract worth millions more than the 8 year contract, I think perhaps we should worry about interest.
Considering the whole point was from the clubs books perspective not the players I'm going to just have to mark you down with the L and ask for you to shuffle off somewhere else.
It's still not exactly the same from their perspective, but obviously the substantive point was that [from either perspective] the overall value of a contract is of relevance as a counterpoint to a claim that "Chelsea no longer pay mega wages" or whatever it was, when they manifestly do, but just spread them over much longer periods allowing for the per week jargon to allow for such arguments.
From the club's perspective I refer you back to: Is the player playing for free for the 4 years after their 300k a week contract expires in this scenario?
Whilst this is clearly a stupid argument now, isn't that exactly how certain baseball contracts work, albeit with the pro bono bit up front?
Ohtani signed the big one a few weeks ago, 10 years for $700m. Though he "only" get's $2m a season of that paid. The rest will be paid at $68m per year from 2034-43. Also a way to work around the books.
He can get sponsorship to top him up and then get his further payday down the line. Club gets to fiddle the system.
I would spend every day after 31/12/33 looking over my shoulder for the hit man they're clearly sending for me.
Presumably having to pay a completely past it Ohtani, after 12 Tommy John surgeries and not worth his place in the team, $68 million a year until he is 48 years old is a problem for Future Todd to deal with.
I always found the Bobby Bonilla story interesting, then finding out that they'd financed the deal off the great year-on-year returns they were getting from Bernie Madoff was perfection.
https://www.bbc.co.uk/sport/football/67978836
Hannibal on loan to Sevilla, sadly it's also with an option to buy.
This transfer window has been flat out rubbish so far. Boo!
Bow down to to the FFP overlords. The PL really haven't thought this one through.
What good is oil money if you can only spend it on workmanlike Englishmen.
Henderson has agreed to terminate his contract in Saudi Arabia and is apparently about to join Ajax.
Euros starting spot secured
Hendo will look gorgeous in that Ajax shirt, too
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