Spread the love

Italy found the perfect ruse to crush European football, a real “Italian-style heist” /></p>
<p> Thanks to; Under this recent law, Italian football clubs can recruit the best players in the world and pay them less, while plundering other European clubs. A real heist Italian… </p>
<p>In April 2019, the Italian Parliament voted the "Decreto Crescita" ("growth decree"), which entered into the in application at the start of 2020. This decree, although at first glance unrelated to football, is perhaps due to its consequences. the origin of the return to the forefront of Italian clubs, the image of the two Milanese clubs (AC Milan and Inter Milan) present last season in the semi-finals of the Champions League.</p>
<p>Originally, this law aimed to repatriate the "brains" Italians gone to abroad, but also abroad. attract foreign talent, in the field of scientific, academic or engineering research. But article 5 includes a clause which concerns sport and favors Italian clubs compared to Italian clubs. their European rivals.</p>
<p>This famous article 5 of the growth decree provides that players recruited from abroad only pay taxes on half of their income. of their salary, which halves the tax rate, going from 43% to 50%. just over 20%. Above all, this means that Italian clubs can offer a higher net salary. to players from other championships, while paying less in gross salary. Only condition: the recruit must have passed the the last two years at abroad, whether of foreign nationality Italian or not.</p>
<h2>A French nugget concerned?</h2>
<p>To better illustrate the advantage provided by By this measure, we can compare the salaries of players who arrived before and after its implementation. At Napoli, Hirving Lozano and Victor Osimhen each earn around 4.5 million euros net per year. Both players were playing at a high level. abroad before being recruited. But Lozano was recruited a few months before the growth decree contrary to his teammate.</p>
<p>Result: his gross salary (what the Naples club must pay) is almost 8 million euros, compared to less than 6 million for Osimhen, who arrived in Barcelona. as for him to in the summer 2020. On such a salary, Napoli therefore earns more than two million euros per year thanks to This measure ; and on even higher salaries, like those of some Juventus players, the savings are even greater.</p>
<p>AC Milan seems to be making the most of this growth decree, by recruiting extensively in foreign championships: 7 of the 10 players recruited this summer. did not play in the Italian championship. Christian Pulisic and Ruben Loftus-Cheek, who had significant salaries at Chelsea, were undoubtedly able to be attracted in part thanks to this tax advantage. Likewise, on the side of Inter, the recruitment of Marcus Thuram this summer may have been permitted by this law. His net salary is 6 million euros, which would have cost more than 10.5 million to Inter before this measure, compared to around 7.5 million currently.</p>
<p>For clubs in difficulty; financial, like Inter Milan or Juventus, these few million saved per year for many players significantly reduce annual expenses. But there is a risk: if the big Italian clubs no longer recruit from the small Serie A clubs, preferring players from abroad, the young transalpine talents risk quickly leaving for France. abroad and the championship could weaken in the long term, both sportingly and economically.</p>
<!-- adman_adcode_after --><script async src=

Teilor Stone

By Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116