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Manchester City and the taxman

Tuesday, August 10th, 2010 at 5:44 pm
Manchester City Spending

Manchester City Spending

So with Man City’s spending already hitting the £100m mark this summer, many pundits and fans are not happy with their ability to throw silly money at any player and offer them six figure salaries a week, which in turn is creating a hugely over inflated market. Titus Bramble was touted around for £6million before common sense prevailed and he moved to Sunderland for £1million (still far to much too much).

However, there is one group benefitting from the huge salaries being offered to these overseas players and that is everyone’s least favourite person…… The Tax Man. Take the following four Man city players and their reported wages:

  • Yaya Toure £220k a week = £475k tax a month
  • David Silva £160k a week = £345k tax a month
  • Gareth Barry £100k a week = £214k tax a month
  • Carlos Tevez £150k a week = £323k tax a month

From these four players alone the tax man is taking in £1,357,000 per month. Multiply that by all of the EPL’s top earners and that is one hell of a tax contribution from our sporting heroes. Still think Man City’s billionaire owners are a bad thing? Ask the work shy people benefitting from state handouts.

* If this article is factually incorrect or offends you please send an email to: iliketomoanandneedtogetoutmore@averagejoesblog.com (no please don’t – Joe)

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  • jake

    You are missing an important part of this jigsaw. Most players, especially ones earning that much money have very good accountants. A simple dodge/avoidance scheme theyuse is to have the players money split with as little paid as wages as possible. A large part is paid to private companies set up by the players’ accountants, often in tax havens where tax paid is nominal or zero. The image rights of the payer are paid to that company thus avoiding the player having to pay UK tax, NI etc. This is why the Tax Man is taking people to court at the moment, this tax avoidance scheme is called unfair by the taxman.