Russian star highlights a potentially big problem.
Arsenal midfielder Andriy Arshavin says he expects a large number of Premier League stars to abandon England in the near future, as the tax band is almost twice as big as in Spain.
The diminutive Russian joined the Gunners in February from Zenit St Petersburg and has made an explosive start to his Premier League career, scoring six and setting up seven goals in 12 appearances last season.
The 28-year-old’s form has showed no signs of slowing so far in 2009/10, with the playmaker netting his fifth of the campaign during Saturday’s 3-1 victory over Birmingham City.
However, he expressed his concern earlier this year about the exorbitant amount of his salary that was being lost through tax in the UK compared to Russia.
And with a new 50 percent tax band set to take effect in the New Year, he has warned that Premier League players will soon be lured to Spanish shores for financial reasons, with the likes of Cristiano Ronaldo, Kaka, Zlatan Ibrahimovic and David Villa paying almost half as much in tax – 27 percent.
“The Premier League still has enough stars, like Rooney, Fabregas, Adebayor and Tevez but next year players will leave England,” he said in The Telegraph.
“They will want to play in Spain because of the tax. For the Premier League that is not good.” (Four Four Two)
On the one hand what Andriy says seems pretty sound but on the other hand one does wonder just how much money footballers will be happy with, surely there is no future in the ever increasing obscene wages that players have been handed.
The higher level of tax for those high earners is also in many ways fair and proper and it wouldn’t surprise me if similar tax policies were adopted across Europe. There are of course those clubs with billionaire owners who can offer a wage even crazier than is the norm and hence you have a situation as you do at Man City which decided the best way to populate their team with quality stars was to set their sights on players unhappy at their clubs and eager to make a quick buck, something that will surely backfire if the club doesn’t achieve on the pitch and quickly.
Happily Arshavin himself seems very happy at the Emirates so hopefully he was only raising the issue of large tax hikes to highlight the problem as opposed to trying to renegotiate a new deal.