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Anorak | Gareth Bale and the obscenity of a £350,000-a-week tax bill

Gareth Bale and the obscenity of a £350,000-a-week tax bill

by | 15th, October 2016

Is Gareth Bale obscene? The only comment beneath the Times’s article on the likeable Wales and Real Madrid player says he is. The story is that “Bale expects Real to match Ronaldo’s £750k a week.” The comment says: “Obscene amounts milked from the fans – disgusting!”

There is is again, that footballer’s salary being delivered in terms of money-per-week. It’s a huge number when delivered in terms of yearly wage: £39m. But it’s too big for all but a very few of us to relate to. Break the cash into weekly instalments and readers can easily compare it to their own yearly wage.

How dare Bale – the player who quickens the pulse and gives us “I was there’ moments – earn vast sums of money for kicking a ball. How dare a man who adds a crackle of excitement to weekends and summers make so much cash. Better the club kept the huge sums and used the money to invest in grounds and pay bigger dividends to shareholders. How dare a working-class lad who never went to college earn so much money.

The Times says Bale earns a net salary of “£260,000 a week”. He wants to join Ronaldo in “an elite group of global sports stars who earn £20 million a year after tax, with gross weekly wages of £750,000.”

Wow, indeed. Bale will pay £19m a year in tax – £365,000 every week to the Spanish government!

Do you find that obscene?

 



Posted: 15th, October 2016 | In: Back pages, Sports Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink