PONDI wrote:his tax bill must be close to 40% of his income. haya toa agent fee of roughly 10 of net income. then living expenses in italy. he has to maintain a certain lifestyle. ongeza the 'please saidia familia' appeals he must receive on a weekly basis. he probably has about 20% left to invest. hope he has a good financial advisor
The tax you can avoid - legally!!! All you need is a good tax advisor.
Here is one approach. A player forms an image right company and all his due are paid to the company. The player then obtains interest free loans from the company - which is now basically his salary. The taxation of image rights is a complex area and with the help of guru tax advisors some players have managed to reduce their taxes to as low as 2%.
The other approach - which has already been outlawed - was to form a film company (in the UK) and have all your money channeled through the film company. This was done to take advantage of the tax breaks extended to the film companies. This approach of legally avoiding to pay tax was started by super-rich hedge fund managers but premier league players followed suit.
So as you said, I hope he has a good financial advisor.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.