It was great to see Spain’s players celebrating in Madrid in front of over 2 million people after returning home from their win over Argentina. However, I think it would have been a good idea for them to visit a few other cities to give everyone in the country a chance to celebrate their heroes. Even a trip to Mallorca would have been nice! While I appreciate that they are tired and want to spend time with their families, a little trophy tour would have added to the feel-good factor around the country.
For the 26-man squad, nothing will quite match the euphoria of adding a second star above their nation’s badge.
However, each player is set to receive a gross payout of €754,701.92 (£640,500) for winning the World Cup. The sum aligns with the agreement reached with the RFEF, under which the players were to receive 45% of the prize money FIFA awards to the governing body for winning the tournament—a total of around €44 million (£37.3 million).
As a result, around €19.8 million (£16.8 million) will go to the players, after they reportedly agreed to collect major bonuses only if they reached the latter stages of the tournament.
However, the players will immediately have to part with a significant chunk of that money in income tax. Depending, of course, on where they play their club football, the Spanish players’ personal income tax rate is around 45%, meaning each player could lose as much as €370,000 (£314,000) to tax.
I also think the players, the governing body, and even the Government have missed a trick here. Let’s face it: while €44 million is a significant amount of money to most of us, in the football world it’s a drop in the ocean. The Government could have declared these payments tax-free, while the players and the governing body could have pledged that the money saved would be invested in grassroots football, helping to ensure that another generation of players can one day add a third star to that famous red shirt.
Having had two sons progress through the Spanish youth football system, I have no doubt that investment made now will have a significant impact on the future success of football here in Spain.
Dad Taxi Mallorca 