14 May
2020

“Football generates € 4.1 billion in taxes and you have to consider it”

first_imgJosé Guerra is the second authority in LaLiga after occupying the position left by Javier Gómez. He attends to AS by telephone in an interview that began last Thursday and was updated yesterday, since the events (and announcements) follow one another with almost no time to assimilate them.LaLiga delivered a report to the clubs analyzing how to share any losses with the players. Later, the employer’s association urged ERTE and AFE criticized it. Why did they make that statement in the middle of the negotiations?Because the Delegate Commission, last Friday, after analyzing the situation in an exercise of responsibility necessary to preserve a sector that represents 1.37% of GDP and employs about 185,000 people, considered that it should urge affiliates to start ERTE from reduction of working hours due to force majeure.LaLiga manages that there could be up to 957 million losses if no more is played and that footballers should take over almost 50%. Isn’t that an exaggeration? AFE puts the ceiling at 20%.As we have said on other occasions, LaLiga contemplates a scenario for the end of the competitions. However, logically it works in the analysis of the impact of the situation under different scenarios and, for each one, its impact.Does the step taken by LaLiga announce many more ERTE? Those of Barça, Espanyol and Alavés have just been made official.The ERTE to reduce working hours due to force majeure is the mechanism that, under current circumstances, LaLiga recommends to its associates.AFE calculated that in total the ERTE would be 9 clubs out of 42. What is your estimate?Each club has to make its own decision, but the Executive Committee considers that it is the best option now.Today they meet again despite the positions being far apart. What will they be seen for?A multitude of meetings are being held with different organizations at the national and international levels, forming part of the commission created ad hoc for UEFA, and they will continue to be able to advance on the best path.The Government is proposing measures for society. Does football also expect these specific aids, including through a Royal Decree, beyond those already provided to companies and workers?An athlete, a soccer player, is a worker, but with certain singularities … This specificity is what is being sought to be reflected in the different measures that the Government is promoting.It does not seem popular that a club with benefits turns to ERTE and that millionaire footballers can benefit from state aid. Is there demagoguery or is this vision understood?In my opinion, you have to dig deeper into the numbers when talking about professional football. This industry is generating direct, indirect and induced work to more than 185,000 many people and generates more than 4,100 million in taxes. The amounts withheld by the clubs from footballers for personal income tax purposes are very high: close to 3,000 million. The contribution to the state coffers is very important and must be taken into consideration. Will the Economic Control, which has given such a good result, be modified after this crisis?Not at the beginning. Precisely the clubs, when they endowed themselves with this rule, what they were looking for was to make entities financially sustainable. At the moment that objective is even more valid and is even more valid. It has to continue to be applied more than ever.Where will the effects of this catastrophe affect the most?The financial situation is going to be affected in all companies. Not only Spanish, but European and world. We are facing a global effect.The current salary limits will also be modified …Clear. It will affect us all. And football is no stranger.The clubs have won nothing more than ever in transfers, € 1,018M. How will the market change? More barter and less millionaires?It is possible, yes. We will see it soon. It has to affect this exceptional situation. Clubs will have to look for new alternatives in which to obtain the resources they need within their capacity, so there may be more transfers or transfers for lower amounts. It is difficult to foresee it now.Debts with the Treasury were reduced to a minimum. Is there a risk of returning to the old ways?The figure is around € 50M. There is no risk: the fiscal and tax issue is highly protected with the Economic Control.Before the virus, there were clubs with problems. Are they more dangerous?Economic standards are going to run their course. We will apply them the same. Those clubs will have to work and adjust more. But you have to look at the data with optimism.Tell me how …In the 12-13 season, the clubs other than Madrid and Barça had a net worth of 18.5 million; less than 0.5 per club. Today, they have 1,060 million equity; more than 60 each. This means that its ability to face an exceptional situation like this is much greater and more solvent than it was seven years ago.There is a lot of dependence on television income. What percentage, on average, do they assume in the budgets?They are 34% on average. But it is very dispersed: there are clubs that depend a lot on their budgets (in some cases it exceeds 80%) and others much less.However, some have a more diversified income. Will the crisis affect the adults more than the children?The key is that now what is being affected is the consumption of museums, restaurants, shops, T-shirt sales … Those clubs that have a lot of income from these concepts will be affected.Does LaLiga, as an institution, also meditate on cuts in its workforce and, especially in senior management, or even an ERTE?As it is happening in almost all of society. LaLiga’s objective is to revive the competition. And we need to use all the resources. We hope to have a stable situation for our clubs as soon as possible. So LaLiga is not exempt or isolated from the effects that the rest may have.last_img read more

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11 Aug
2019

Tyrann Mathieu looks on at Arizona Cardinals camp

first_imgTyrann Mathieu looks on at Arizona Cardinals camp on Aug. 2, 2016. (Adam Green/Arizona Sports) 0 Comments   Share   When the Arizona Cardinals signed Tyrann Mathieu to a five-year contract Tuesday that made him the highest-paid safety in the NFL, any quibbles about it would begin with mention of the defensive back’s two ACL injuries before his 25th birthday.Nonetheless, it appears that such a unique hybrid player signing such a unique contract could be worth the price tag.ESPN Insider’s Matt Bowen said the Honey Badger is “worth every penny” of his new contract that with bonuses could eclipse the $60 million mark. Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires So why is Mathieu, with his injury history and his position, worth all that cash?Bowen lays out his unique abilities flatly.Sixty-two percent of his total snaps came in the slot, while he played 21 percent at linebacker, 12 percent at safety and 5 percent outside of the numbers at cornerback. You want true versatility? Yeah, this is what it looks like.…With Mathieu, the Cardinals can take away specific offensive targets (or schemes) based on down and distance, game situation or field position. Mathieu can be a run defender one play and then roll to the middle of the field on the next snap. He has a role in base, nickel and any other package you want to draw up.That also gives the Cardinals an enormous amount of flexibility in the game plan and with their own personnel.In short, the contract was the best of both worlds: It rewarded Mathieu’s unique abilities with a large signing bonus and backloaded the deal with large non-guaranteed salaries that won’t be on the Cardinals’ tab if the defensive back struggles with injuries. – / 23center_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling We’ll get to the reasoning there in a bit. First, let’s turn to NBC Sports’ Mike Florio, who divulged the details of Mathieu’s new contract.A large chunk of the contract comes up front: Without a physical, Mathieu will make $15.5 million thanks to a signing bonus.The 2016 and 2017 base salaries jump from $1 million to $4.75 million as the new deal begins, but the key for the Cardinals is that they protected themselves if Mathieu’s injuries pop up thereafter.Here are more details from Florio.4. Salary of $5.75 million in 2018, not guaranteed at signing for injury or otherwise. On the first day of the 2018 league year, it becomes fully guaranteed.5. Roster bonus of $5 million due on the third day of the 2018 league year.6. Salary of $10.75 million in 2019, $8 million of which becomes fully guaranteed on the first day of the 2018 league year.As you can see, Arizona has backloaded the contract in a major way.After 2019, Mathieu has another non-guaranteed $10.75 million in 2020 and a non-guaranteed $9.25 million in 2012. There are additional bonuses for winning Defensive Player of the Year honors from 2017-2021 and a separate bonus for winning the award in every one of those seasons, reports Florio. Top Stories last_img read more

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