One of the first moves by Spain’s new Mariano Rajoy-lead Partido Popular government has been to increase the maximum personal income tax (IRPF) rate by seven percentage points to 52 percent for annual salaries over €300,000. Given the shocking state of the Spanish government finances this should not really have been a difficult decision to take, especially considering the small percentage of Spanish tax-payers affected. For most Spanish citizens the most visible losers (of this particular increase) will be the football teams they follow. Spain’s politicians have traditionally been keen to be seen to support football, and a past PP tax ‘incentive’ aimed at attracting higher earners from … [Read more...] about Spain’s tax hike threatens La Liga’s appeal
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Seeking the perfect leader for a two-horse race
The Spanish league season that has just ended may have been a thriller, with Barcelona only securing the title on the last day of the season, but in a couple of ways it has been an entirely predictable affair. Once again, only two teams were ever serious contenders; and once again, Real Madrid seems intent on replacing its coach. Manuel Pellegrini, the former Villarreal manager drafted in to mould a team from an expensive but disparate collection of summer signings at Real Madrid, is a man whose days are numbered; so much so that the Chilean can count them on one hand. There is little in the way of reassurance emanating from the Bernabéu boardroom that Pellegrini will be invited to see … [Read more...] about Seeking the perfect leader for a two-horse race
What now for Real Madrid’s €250-million flops?
Legend has it that on one of the several occasions that Real Madrid was wooing Arsène Wenger in the hope of persuading him to become the team’s new coach, he visited the Bernabéu to meet with senior club officials. After the meeting, as the unimpressed Arsenal boss drove away from the stadium, he said to his translator: “Real Madrid thinks it’s a big club, but it behaves like a small one.” When Real crashed out of the Champions League at the last-16 stage after drawing 1-1 against Lyon at the Bernabéu, the gap between the club’s lofty ambitions and reality was plain for all to see. This year, of all years, was when the nine-time European champions were supposed to return to the top of the … [Read more...] about What now for Real Madrid’s €250-million flops?