Wait until they sacked Fonseca and bring in a new manager. They will then be paying 3 managers at the same time. Insane!
Serie A doesn't pay all that well compared to the prem... although I suppose that's true of basically everywhere. But he probably is up there with Leao as the top earners. Still I'd imagine he's on a huge paycut from his Chelsea wages.
According to Capology: Puli is on €4m per year net (€5.1m gross), same tier as Theo, Origi, RLC, and Chuk. Only Leao (€5m net + €2m in bonuses) and Morata (€4.5m net + €1m in bonuses) earn more. However, Capology doesn't distinguish between performance bonuses and signing bonuses, so it's unlikely that Leao is actually earning €7m net each year.
Per their FAQ, they consulted, "international tax professionals to determine best taxation rates across many countries" and use those estimated tax rates to calculate the net salary. Because some countries report net player salaries instead of gross player salaries, Capology defers to the country the club is located in to determine which figure is the "single source of truth". So, for Puli, the net salary of €4m is likely what's been reported to Capology, and the gross salary of €5.1m is a rough estimate they calculated.
That gross wage is because of the growth decree as well (I know you're aware from the McKennie thread). Only way Milan were going to be able to afford him.
I'm curious to know if Capology has changed the taxation calculations since the expiry of a Growth Decree, because the back of the envelope math on Puli's numbers suggests that he's only paying like 22% in taxes. It somewhat depends on what kind of business Capology sees itself as... like, who is paying a monthly fee to access an API that provides EXTREMELY rough financial information on player salaries? If they want to market themselves to clubs or agents, they need to have up-to-date tax calculations.
I'm pretty sure those who had contracts with the decree in place will maintain the previously approved tax benefit. The question for me is whether or not they maintain it if they renew/extend their contracts.
If CP is working in Italy on a 5 mill salary and pays 25% tax... Could someone intro me to his accountants? Thanks in advance.
Ah - i thought it had already finished. Didn't realize it was en force till Feb. Thanks. Now, does CP and everyone else's tax double on 2/1/25 or is it for run of contract? (I guess it depends if you negotiated a net or a gross with your team. Wonder if anyone has "after tax" number in their contract. That would encourage some player sales.)
I think the tax expired this past February (2024). My understanding (which could very well be wrong) is that any contracts that were in effect before the expiration are grandfathered in to the Growth Decree tax rates. So Puli, having signed in 2023, will have the growth decree tax rate until his contract expires in 2027 or he signs a renewal.
If it was grandfathered then transferring players inside Italy really needed a bump to make a move worthwhile. Interesting.
Tensions between Ibra and owner. https://football-italia.net/growing-tension-ibrahimovic-redbird-milan/
Busy stretch ahead … Sat v Venezia Tue v Liverpool Sun @ Inter Reports suggest that (following international travel) Pulisic may rest v Venezia to remain fresh for Liverpool (and then Inter).
That would make inter-Italy transfers pretty expensive for either club or player (esp if extensions retains the previous tax rate.) You have to get a lot more gross pay moving from one Italian club to another not to take a net pay cut vs. extending. Wonder if it has/will increased the outflow of higher paid players from Serie A.
Another in a long-line of "guys who are very good at soccer not being good at running a sports business"
@Rossonero23 Have you been following the chatter this week about a new (shared) stadium? Anything new?
Ibra was an amazing, exciting, annoying, entertaining player. I cannot imagine having him run my business, except maybe if it was a restaurant or fancy hotel. He'd be a fun/annoying/entertaining/demanding host/owner, I bet.