Feb 5, 2013, 11:13 AM EDT
I was assailed by some as a hopeless cynic last week when I dared wonder about David Beckham’s contract with Paris Saint-Germain – specifically about the philanthropic salary handoff.
At last week’s introductory news conference, Beckham said his salary would go to a local children’s charity. In fairness, any amount of money donated to service and good cause is certainly a worthy thing.
But was the gesture a little less grand and noble as it seemed? It’s not so far-fetched. After all, Beckham does have a full roster of handlers, agents, reps and story spinners who are invested in reaping as much sweet publicity fruit from every vine in the (now diminishing) Beckham vineyard.
How much, I wondered, of his total compensation was “salary,” and how much was in apparel sales, bonuses or some other high-dollar hocus pocus?
The Times of London did a little digging and, voila!
David Beckham’s financial footwork in moving to France was hailed as equal to his football skills yesterday after experts suggested that the deal had been structured to avoid a big tax bill.
The former England captain’s move to Paris Saint-Germain saw him dribble past France’s tax regime last week while portraying himself as a philanthropist.”
This piece from the Sports Business Daily is a good summation of the structure and numbers within Beckham’s deal.
Again, charity is charity and everything helps. And we could be talking about a lot of money going to local children. Still, it always seems tacky when athletes or celebrities want credit for their good works without being quite so open about the true details or the actual intent of the effort.
Sep 1, 2014, 3:32 PM EDT
What originally was thought to be a steal is turning out to be quite a hit to Manchester United’s wallet.
Sep 1, 2014, 3:07 PM EDT
AC Milan made the terrible mistake of confirming a deal before it was complete, and now they’re forced to rescind their confirmation.
Sep 1, 2014, 2:50 PM EDT
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Sep 1, 2014, 2:40 PM EDT
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Sep 1, 2014, 1:45 PM EDT
The biggest deals of the summer listed here.
Sep 1, 2014, 1:27 PM EDT
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Sep 1, 2014, 1:02 PM EDT
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Sep 1, 2014, 12:25 PM EDT
A fee of around $15 million breaks Hull City’s transfer record for a player.
Sep 1, 2014, 11:46 AM EDT
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Sep 1, 2014, 11:23 AM EDT
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Sep 1, 2014, 10:57 AM EDT
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Sep 1, 2014, 10:25 AM EDT
PST’s Lead Writer and Editor takes an alternative look at all the action from Week 3 in the PL.
Sep 1, 2014, 10:06 AM EDT
Stay up to date with everything happening on Deadline Day with our live ticker.
Sep 1, 2014, 9:39 AM EDT
Rumored to be wanted by Real Madrid and Bayern Munich, the young Italian star will instead stay at his current home.
Sep 1, 2014, 8:35 AM EDT
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Sep 1, 2014, 7:55 AM EDT
Manchester United are reportedly close to securing a world-class striker for just $9 million.
Sep 1, 2014, 12:42 AM EDT
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Aug 31, 2014, 10:57 PM EDT
Roundup of football transfers across Europe today.
Aug 31, 2014, 9:55 PM EDT
Real Madrid manager insisted that his squad just lost focus on Sunday when they were upset by Real Sociedad.
Aug 31, 2014, 8:24 PM EDT
Darren Fletcher isn’t perturbed by Manchester United’s super-early season struggles.
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