Between the Lines

"Of all unimportant subjects, football is the most important" – Pope John Paul II

Oh my Darling, oh my Darling

Posted by hakanrylander on April 28, 2009

Now and again I come across a sentence that reminds me why I love newspapers. This is from an article by Jonathan Freedland in the Guardian last Thursday:

To see Alistair Darling deliver his budget was like watching a man pushed from a sky-skraper window, falling calmly, even gracefully, as he somehow managed to remove his jacket, raise it above his head and tie it into a makeshift parachute. You couldn’t help but admire his ingenuity and optimism – but you still felt sure it was bound to end in a sticky mess.

I don’t know whether Mr Darling’s budget, or even the British economy, will end in a sticky mess, but one detail in the budget is bound to create at least a little bit of a mess for Manchester United and other PL clubs.

The budget included the imposition of a 50% tax rate on high earners (raised from 40%). Since a high earner is defined as anyone earning more than £150,000 a year, every first-team player in the PL falls into this category. This means that footballers will pay at least 5-10% more tax in Britain than in Spain, Italy and Germany.  For a player interested in how much his pay-packet contains after tax, moving to, or indeed staying in, England therefore becomes a little less attractive.

The tax-hike comes on top of the fall of the pound that has already weakend the clout of English clubs in the transfer market, and is a more severe problem. Maybe the transfer window this summer will be a little less exciting than it used to be.

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One Response to “Oh my Darling, oh my Darling”

  1. If this increases the 2.6 UK player average of the top 4 clubs with 0.1 or something I think this is bearable.

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