| dr.bob
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| 902112. Mon Apr 16, 2012 10:19 am |
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I found this website which lists the 100 best paid footballers in the world, along with the salary they receive from their clubs.
£5million is about €6million. According to that list, there are 17 players based at UK clubs that are earning €6million or above.
That list claims that Wayne Rooney earns just under £8million from his club. However, it is widely reported that overall he earns around £18million, well over double his basic salary.
Clearly, not every player will be able to earn that level of endorsements but, if we imagined that a player could increase their basic salary from endorsements by an extra 50%, then we'd have to consider everyone who earned €4million or above. That gives us an extra 19 people into the mix (including Craig Bellamy of mighty Cardiff City).
So, there we have 36 people from the world of football. Not a huge number, as you might expect, but we're already almost 10% of the way there to our 400 people earning over £5million. And, bear in mind, that's just the football players. How many managers and club owners will be raking in enough to qualify for our list?
It just strikes me that football is quite a small community compared with the hundreds of multinational corporations based in the UK, so for fully 10% of the highest earners to come just from there seems a bit unlikely to me.
But, as I say, this is all conjecture and prejudice since I don't know how that figure of 400 was arrived at. |
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| suze
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| 902128. Mon Apr 16, 2012 11:36 am |
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| dr.bob wrote: | | I found this website which lists the 100 best paid footballers in the world, along with the salary they receive from their clubs. |
It's away from the topic so I'll be brief, but that list needs to be taken with a rather large pinch of salt. Siberian salt, probably.
Among those one hundred listed is only one who plies his trade in Russia. That one is a German national (although actually Brazilian, and what with his father being Hungarian his first language is English), and so of course he sends in his tax return on time every year. There are probably a fair number of other players playing in Russia and Uzbekistan who earn similar amounts, but are not necessarily subject to the same sort of financial scrutiny.
| dr.bob wrote: | | And, bear in mind, that's just the football players. How many managers and club owners will be raking in enough to qualify for our list? |
Very, very few football clubs routinely make a profit. Of the leading British clubs, Arsenal is the only one that does, and that is as much to do with a substantial property portfolio as with football. (Manchester United made a profit last year, but since the owners are American and the ultimate holding company is domiciled in Singapore, the club is scarcely British.)
Only eight of the twenty Premier League clubs have a majority shareholder who is UK-domiciled in any case, and all of those people were fabulously wealthy before they bought a football club.
(Everton - Bill Kenwright, theatrical impressario; Newcastle United - Mike Ashley, sporting goods; Norwich City - Delia Smith, cooking on television; Stoke City - Peter Coates, restaurants and online gambling; Swansea City - Martin Morgan, hotels; West Bromwich Albion - Jeremy Peace, City type; Wigan Athletic - Dave Whelan, sporting goods; Wolverhampton Wanderers - Steve Morgan, construction.)
As for the managers, Alex Ferguson (Manchester United) and Arsène Wenger (Arsenal) are certainly in the £5 million a year club, and it's been reported that Roberto Mancini (Manchester City) is as well. The Chelsea manager and the England manager would be too, were it not that the positions are currently vacant, but that probably is about your lot. |
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| Neotenic
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| 902144. Mon Apr 16, 2012 12:40 pm |
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| Quote: | | Only eight of the twenty Premier League clubs have a majority shareholder who is UK-domiciled in any case, and all of those people were fabulously wealthy before they bought a football club. |
I think this gives a glancing blow to another aspect that somewhat distorts the general perception of the rich and/or wealthy.
The focus here is on income tax, so - naturally - we're looking at high earners. However, part of the reason why the numbers of actual people feels smaller than it 'should' is because of other people that get lumped in with them - and, often, it is the types of people that own football clubs.
The likes of Roman Abramovich, Warren Buffett or Richard Branson (or their UK equivalents, where appropriate) are more asset rich than income rich.
So, while their total wealth may be measured in billions, what they actually take out of the companies they own may 'only' run to the hundreds of thousands - or, like Phillip Green did in a somewhat contentious fashion - they may take a big, fat cheque once, then a much lower amount for many years afterwards.[/quote] |
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| CB27
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| 902151. Mon Apr 16, 2012 1:13 pm |
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| Not sure Philip Green is a wonderful example to use :) |
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| Neotenic
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| 902159. Mon Apr 16, 2012 1:26 pm |
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| Of course - but I'm just using him as an example of someone that is undoubtably super-rich, but does not pay himself anywhere close to £5m a year, so he would not be in this supposed group of 400. |
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| dr.bob
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| 902379. Tue Apr 17, 2012 9:46 am |
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| His wife, on the other hand ;-) |
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| CB27
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| 909280. Mon May 14, 2012 5:51 am |
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You know that old cliche "I hate to say I told you so...", the problem is that it sometime is true in that you wish you weren't right.
When I was working in social housing I was aware of just how many service councils were providing in addition to the NHS, and I remember writing on more than one occasion that the claims "we are not cutting the NHS budget" were completely false because the NHS will have to take on more responsibilities and costs when the cuts to councils take effect.
The Royal College of Nursing is publishing results of it's research, which includes various points (the job losses one seems worrying), but the bit that caught my attention was this:
| Quote: | | Nine in 10 reported their caseloads had increased in the last year with some saying they were even having to fill in for council social care teams by making meals for patients and doing their shopping. |
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| CB27
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| 920011. Wed Jun 27, 2012 9:15 am |
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Rather than completely hijacking the Euro thread, I thought I'd reawaken this thread.
I didn't see last night's Newsnight, so after seeing mention of it on PMQ, I went in search, and it must have been a popular search because the BBC have kindly put the relevant section on a separate page: http://www.bbc.co.uk/news/uk-politics-18606060
When Milliband quoted Nadine Dorries on Osborne's cowardice, I thought it was a bit of a harsh comment to make (after all, a u-turn is not that bad), but watching that clip I can see where her comment came from because I can see how it can look excruciating to see a fellow MP of your party being barracked like that.
I might disagree with Chloe Smith's politics, but I reckon she deserves a stiff drink and a day off after that performance :) |
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