Heroes & Villains, the Aston Villa fanzine
Heroes & Villains => Heroes Discussion => Topic started by: Boz on November 05, 2014, 08:48:14 AM
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If this hasn't been posted elsewhere, an article on the BBC web site has four footballers who have been declared bankrupt.
Three played for Villa - David James, Lee Hendrie and Eric Djemba Djemba.
Here's the link - http://www.bbc.co.uk/newsbeat/29896728
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You can add Brad Freidel to that list an all
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You can add Brad Freidel to that list an all
In this country ?
I thought that it a business of his in the USA that had gone bust.
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I believe that this is happening. That's cool
For this, I never know if you do not post it, I would not know.
And then I learned the most about it.
Well thanks for that.
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I believe that this is happening. That's cool
For this, I never know if you do not post it, I would not know.
And then I learned the most about it.
Tru dat
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It really astounds me that the modern-day footballer can get into this state.
I'm sure I read somewhere recently that the average Premier League player is earning £35000 per week.
Assume player Joe Bloggs is *only* earning £20,000 p/w, he will lose approximately half of that in tax and NI (assuming Joe *doesn't* have a "creative accountant" to call on). So Joe may have £10 p/w at his disposal. Assume he has a vast-sized mortgage costing him £4000 a month (roughly £1000 p/w), that's nine grand p/w left. After repayments on a couple of flash cars, regular domestic bills and some fine dining with a gold-digger with expensive tastes in jewellery, that's still surely a pretty penny left over (I suppose there are only so many Armani suits you can buy).
Do these players not think to themselves, "I don't see many 40 and 50 year olds playing at this level - I must save for the future"?
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That's the rub, these players have been focused on football since adolescence and are basically lacking real life skills and brain cells. Also you forgot the wholly reputable agent who skims his 15%.
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Assume player Joe Bloggs is *only* earning £20,000 p/w, he will lose approximately half of that in tax and NI (assuming Joe *doesn't* have a "creative accountant" to call on).
Their salary is PAYE, like any other employee. Tax and NI is deducted at source. No doubt all of their other earnings (endorsements and the like) would be dealt with by an accountant as you suggest, but there wouldn't be much scope to fiddle their normal wages.
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I did mean to mention the agent but forgot. And if he did get 15% (I don't know if that's an accurate percentage) of the assumed £20k, it is still leaves Joe a huge amount to blow.
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If I was a footballer I would only spend a week wages every month. No sympathy for them. Robbie Fowler is doing alright for himself.
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If you read Stan Collymore's book, he mentions David James and is none too complimentary about his wastefulness. I may be wrong, but I'm sure Collymore said if James got a slight dent in his car, instead of getting it repaired, he'd just buy another one! Some of these players are so far out of touch with reality.
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Financial mismanagement of the highest order.
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Financial mismanagement of the highest order.
Agreed - if us lot can survive 12 months on what the majority of these players earn in a week, it's difficult to have much sympathy.
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It's all relative. The majority of the world's population would regard our minimum wage as untold riches.
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How do you make a small fortune?
Start off with a large fortune.
Most of these lads are still that, young lads that have suddenly had large wealth thrust upon them. When the average joe (me) were fighting to stay afloat, or paying to get through Uni and then trying to find a job/buy house etc etc, they missed out on this, which really teaches the value of every single penny. I listened to some pieces on R5 last year talking about how the real world and understanding day to day expenses, income and outlay is so far away from footballers.
However, David James who wrote a piece in the Observer for months suggesting how intelligent he was, this news somewhat puts a dampener on it!
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I wonder if a big part of the problem is that after they retire they carry on with the same lifestyle they had as players, but are obviously not earning anywhere near the same money.
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I never have too much sympathy with bankrupt footballers, even the nicer guys who seemed as if they were sensible. It's a lot of not particularly bright young men earning a truckload of money and spunking it up the wall. It was actually our old boy J'Lloyd who probably ebbed away any last semblance of sympathy I could ever have for a footballer losing money. He was on MTV Cribs (or something similar once) showing off his gaff. It was disgustingly big but the interior decor was probably the worst thing you'll ever see in your life. Hideous. I kind of liked J'Lloyd up to that point. As soon as I saw his gaff, suddenly some of his less endearing on pitch qualities suddenly become twice as annoying.
Likewise Phil Nevilles imfamously gawdy mansion. Disgusting. No one with that hideous taste should have so much money. Ironically though if there's one footballer you'd fancy to be set for life and never have money trouble, you'd probably think of someone like Neville.
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I wonder if a big part of the problem is that after they retire they carry on with the same lifestyle they had as players, but are obviously not earning anywhere near the same money.
There's probably a few who could easily spend it as quickly as they earned it.
Mike Tyson was a good example of that. The amount of money he shat away was incredible and he almost ended up penniless.
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I believe that this is happening. That's cool
For this, I never know if you do not post it, I would not know.
And then I learned the most about it.
Er wise words mate.
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I saw Diego Costa's wages and I'm surprised at how relatively little he earns after tax.
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Assume player Joe Bloggs is *only* earning £20,000 p/w, he will lose approximately half of that in tax and NI (assuming Joe *doesn't* have a "creative accountant" to call on).
Their salary is PAYE, like any other employee. Tax and NI is deducted at source. No doubt all of their other earnings (endorsements and the like) would be dealt with by an accountant as you suggest, but there wouldn't be much scope to fiddle their normal wages.
The top players argue that some of their wages are image rights, but yes, other than that bang on.
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I saw Diego Costa's wages and I'm surprised at how relatively little he earns after tax.
Aren't you in immigration? Couldn't you keep him banged-up abroad unless he agreed to play for us?
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I saw Diego Costa's wages and I'm surprised at how relatively little he earns after tax.
Do you think his misses gets tax credits
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http://www.listentotaxman.com/
Just pretend you are a player on 40k a week and you can see the deductions ,23k after Tax
20k a week would leave you on just under 12k
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http://www.listentotaxman.com/
Just pretend you are a player on 40k a week and you can see the deductions ,23k after Tax
20k a week would leave you on just under 12k
We should have a whip round for the poor beggars
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It's all relative. The majority of the world's population would regard our minimum wage as untold riches.
This is why there are a few thousand people waiting in Calais to get to UK and of course our benefits system is also very enticing which is why they don't want to stay in France, Germany, Spain etc.
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It's all relative. The majority of the world's population would regard our minimum wage as untold riches.
This is why there are a few thousand people waiting in Calais to get to UK and of course our benefits system is also very enticing which is why they don't want to stay in France, Germany, Spain etc.
We've banned Christmas as well.
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Never makes 'friends' with a builderwho convinces you to develop your property based on increasing prices and demand. Property development looks great from a builders pov but they have no scruples when it comes tomoney and if the demand drops and the rental does not pay for the new cost quite simply you are bankrupt even though you believed you were doing the right thing.Worst thing the builder won't buy you a pint down the pub and tells everyone how he made a fortune and you went bankrupt.
I can see James' problems.Once the income that sustained the lifestyle and outlay has gone trying to replace it with 'quick' profits from property stuffs you.
It is hard making money..never borrow more than you can afford to pay back in a month!!
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If this hasn't been posted elsewhere, an article on the BBC web site has four footballers who have been declared bankrupt.
Three played for Villa - David James, Lee Hendrie and Eric Djemba Djemba.
Here's the link - http://www.bbc.co.uk/newsbeat/29896728
Plus Brad Freidel and Nigel Spink.
3 goalkeepers ... hmmmmmmm
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If this hasn't been posted elsewhere, an article on the BBC web site has four footballers who have been declared bankrupt.
Three played for Villa - David James, Lee Hendrie and Eric Djemba Djemba.
Here's the link - http://www.bbc.co.uk/newsbeat/29896728
Plus Brad Freidel and Nigel Spink.
3 goalkeepers ... hmmmmmmm
Did they find it hard to save for a rainy day?
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Nigel Spink isn't a modern day player, so I'd have a degree of sympathy for him. Sure, he earned a good wage for the time, but nothing like the astronomical figures they do today.
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http://www.listentotaxman.com/
Just pretend you are a player on 40k a week and you can see the deductions ,23k after Tax
20k a week would leave you on just under 12k
We should have a whip round for the poor beggars
We do most Saturdays!
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John Carew was declared bankrupt too.
I guess you don't get too many football agents going this way do you?
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Weren't the following all bankrupt -
Adrian Mutu
Colin Hendry
Paul Merson
Ray Parlour
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I guess you don't get too many football agents going this way do you?
Probably not, but they are in the advantageous position of being able to negotiate better contracts for their clients, enabling both parties to reap the benefits, and have the first clue about money's worth while not spunking it all up the wall.
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I saw Diego Costa's wages and I'm surprised at how relatively little he earns after tax.
Aren't you in immigration? Couldn't you keep him banged-up abroad unless he agreed to play for us?
I think his missus is Portuguese so he could - and probably did- come in without any immigration hold ups.
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Weren't the following all bankrupt -
Adrian Mutu
Colin Hendry
Paul Merson
Ray Parlour
Maybe the last two has something to do with some creative accounting.
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Ched Evans.
Oh, actually bankrupt rather than morally so? Sorry.
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Ched Evans.
Oh, actually bankrupt rather than morally so? Sorry.
He's served his time for an awful crime. Is he to be further punished by not being allowed to do his job?
Anyway, this is off the subject.
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Ched Evans.
Oh, actually bankrupt rather than morally so? Sorry.
He's served his time for an awful crime. Is he to be further punished by not being allowed to do his job?
I agree. I was just being facetious, as is my wont.
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Ched Evans.
Oh, actually bankrupt rather than morally so? Sorry.
He's served his time for an awful crime. Is he to be further punished by not being allowed to do his job?
Anyway, this is off the subject.
I agree - although I know that wasn't your point Richard - but it appears he is being discriminated against because he's a footballer.
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Mr & Mrs Ruddock. What a nice couple they are.
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Good job the HCEOs weren't taking Ruddock himself away, they'd have needed a bigger van and a crane.
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I quite like Leah Ruddock.
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Ched Evans.
Oh, actually bankrupt rather than morally so? Sorry.
He's served his time for an awful crime. Is he to be further punished by not being allowed to do his job?
Anyway, this is off the subject.
I agree - although I know that wasn't your point Richard - but it appears he is being discriminated against because he's a footballer.
I'm not sure any ex rapist would get an easy time of it being reintroduced into society or employment
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Ray Parlour as I recall his ex wife took him to the cleaners in the divorce hence his money problems
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I heard that David James when at our club was hooked on playing video games. So many of them are so immature their financial problems are inevitable. A Holte Ender I chat to has a sister who works for the insurance company who give cover to a very well known player recently retired from international football who has no fewer than 140 watches insured for more than £5000 each.
Compare that to the very happy man who lives in our village who played number 9 for both Newcastle and Manchester City and works as a yard man in the builders merchants. Lovely bloke, never in money trouble, born in Dudley, salt of the earth.
Leads me to believe that the excessive money today's footballers get is the root cause of their wanton stupidity.
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Think it might be Merson or maybe Collymore's book where there is a story about James away on England duty unable to sleep one night, just chucking video games against the wall so they smash. Sounds a bit of a twat.
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Ray Parlour as I recall his ex wife took him to the cleaners in the divorce hence his money problems
I think this was a test case where the former Mrs Parlour won the rights to not just the normal 50-60% whatever it is of former husbands estate / assetts but also something about future earnings and incremental increases etc .
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I heard that David James when at our club was hooked on playing video games.
Hey! I'm addicted to video games andd I have no problem managing our finances.
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Bit more addictive these days Chris from what I am told. I think James' compulsion was when Donkey Kong was the new big thing.