Zlatan Ibrahimovic will receive in France an eye-watering salary of around €14 million a year after tax – a record-breaking sum for French football. This means he will earn about €38,000 a day with PSG, more than the average man in Sweden earns in a year. Amazing and ridiculous.
His cost will be much greater for PSG. In order to pay Ibrahimovic €14 million a year, it has been estimated that PSG will have to shell out a further €21 million per year to the French state in taxes and social charges.
But wait! President François Hollande and his socialist government are on the verge of introducing a 75% tax rate for those earning over €1million per year… If 75% tax bracket is passed, tax lawyers have calculated that Ibrahimovic could end up costing the French club a total of €80 million a year in wages and taxes.
I repeat: €80 million a year in wages and taxes.
€80m is about 80% of PSG’s natural income.
What can you do with €80m? Here are a few ideas.
1. Cristiano Ronaldo is seeking a new deal worth €15 million-a-year, which would mean Real outlaying an €23 million-a-year to extend his contract. With Zlatan’s gross salary you can pay Ronaldo’s future gross salary at Real Madrid for 3.5 years.
2. You can finance Southampton’s famous academy (yearly budget of 2.5 million Pounds) for 26 years.
3. Hell… You can finance Barcelona’s La Masia (yearly budget of 5 million euros) for 16 years.
4. 80 million euros are 94% of Chelsea’s entire match day revenue for a season. They are 148% of Tottenham’s match day revenue. This means that with Zlatan’s salary you can finance an entire season for Spurs fans and keep the change.
5. You can run Udinese (Yearly turnover of 44 million euros) for almost two seasons.
6. You can run Montpellier, the French league champions (annual budget of €33 million), for almost 2.5 years.
7. According to Transfermarkt.de values, you can buy Arsenal’s back four and Jack Wilshere with 80 million euros.
8. According to Transfermarkt.de values, you can buy half of Sweden’s premier league’s players.
9. Outside of football, with 80 million euros you can finance the Home Office programme to give police forces Blackberrys and other mobile devices.
10. And this is really sad: according to World Food Programme chief Ertharin Cousin, 80 million euros can save an African country with population of 16 million from hunger.