Best of the Week
Most Popular
1.What Happened to the Stock Market Crash Experts Were Predicting - Sol_Palha
2.London Housing Market Property Bubble Vulnerable To Crash - GoldCore
3.The Plan to Control ALL Your Money is Now at Advanced Stage
4.Why Gold Is Set For An Epic Rally This Spring - James Burgess
5.MR ROBOT NHS Cyber Attack Hack - Why Israel, NSA, CIA and GCHQ are Culpable - Nadeem_Walayat
6.Emmanuel Macron and Banking Elite Win French Presidential Election 2017 - Nadeem_Walayat
7.Trend Lines Met, Technical's are Set - US Dollar is Ready to Rally (Elliott Wave Analysis) - Enda_Glynn
8.The Student Debt Servitude Sham - Gordon_T_Long
9.Czar Trump Fires Comey, Terminates Deep State FBI, CIA Director Next? - Nadeem_Walayat
10.UK Local Elections 2017 - Labour Blood Bath, UKIP Death, Tory June 8th Landslide - Nadeem_Walayat
Last 7 days
SPX/NDX/NAZ Hit New All-time Highs - 27th May 17
GBPUSD Top in Place, GOLD Price Ready to Rocket? - 27th May 17
Silver Mining Stocks Fundamentals - 27th May 17
BBC Newsnight Falls for FAKE POLLS, Opinion Pollsters Illusion for Mainstream Media to Sell - 27th May 17
UK Local Election Results Forecast for General Election 2017 - 26th May 17
Stock Market & Crude Oil Forecast! - 26th May 17
Opinion Pollsters UK General Election Seats Forecasts 2017 - 26th May 17
Bitcoin and AltCoins Crypto Price Correction - 26th May 17
Bearish Head and Shoulders in EURUSD? - 26th May 17
SELL US Stocks - Massive Market CRASH WARNING! - 26th May 17
EURGBP: A Picture of Elliott Wave Precision - 26th May 17
Credit Downgrades May Prompt Stock Market Capital Shift - 26th May 17
Rosenstein and Mueller: the Regime Change Tag-Team - 25th May 17
Stock Market Top - Are We There Yet? - 25th May 17
Should I Invest My Fortune in Gold? Inaugural Lecture by Dr Brian Lucey - 25th May 17
USD/CAD Continues Decline - 25th May 17
Bitcoin Price Goes Loco! Surges through $2,500 Despite Unclear Fork Issues - 25th May 17
The US-Saudi Arms Deal - Sordid Saudi Signals - 25th May 17
The No.1 Commodity Play In The World Today - 24th May 17
Marks and Spencer Profits Collapse, Latest Retailer Hit by Brexit Inflation Tsunami 2017 - 24th May 17
Why Online Trading Platforms Are Useful for Everyone - 24th May 17
The Stock Market Will Tank Hard - 24th May 17
It’s Better to Buy Gold & Silver When It DOESN’T Feel Good - 24th May 17
Global Warming - Saving Us From Us - 24th May 17
Stock Market Forecast for Next 3 Months - Video - 23rd May 17
Shale Oil & Gas Production Costs Spiral Higher As Monstrous Decline Rates Eat Into Cash Flows - 23rd May 17
The Only Metal Trump Wants More Than Gold - 23rd May 17
America's Southern Heritage is a Threat to the Deep State - 23rd May 17
Manchester Bombing - ISIS Islamic Terrorist Attack Attempt to Influence BrExit Election - 23rd May 17
What an America First Trade Policy Could Mean for the US Dollar - 22nd May 17
Gold and Sillver Markets - Silver Price Sharp Selloff - 22nd May - 22nd May 17
Stock Market Volatile C-Wave - 22nd May 17
Stock Market Trend Forecast and Fear Trading - 22nd May 17
US Dollar Cycle : Deep Dive - 21st May 17
Bitcoin Breaks the $2,000 Mark as Cryptocurrencies Continue to Explode Higher - 21st May 17
Stocks, Commodities and Gold Multi-Market Status - 21st May 17
Stock Market Day Trading Strategies and Brief 20th May 2017 - 21st May 17
DOW Needs to Rally Big or Correction is Next - 20th May 17
EURUSD reaches DO or DIE moment! - 20th May 17
How to Get FREE Walkers Crisps Multi-packs! £5 to £28k Pay Packet Promo - 20th May 17

Market Oracle FREE Newsletter

Why 95% of Traders Fail

China Super League Clubs Burning Cash with Tevez

Personal_Finance / Gambling Jan 06, 2017 - 03:58 PM GMT

By: Submissions

Personal_Finance

With Shanghai Shenhua offering Tevez a weekly salary of £615,000, he has quickly risen to being the top paid footballer in the world. New research from bettingexpert.com shows how Tevez could literally light his money on fire, and still earn a ludicrous profit.

The Chinese have realized that this kind of spending by their top tier clubs is completely unsustainable, and are planning on installing salary caps on incoming players. Luckily for Tevez, his lucrative deal has been signed, sealed and delivered before the caps are to be instated. At this stage, Tevez stands to earn £1 every second for the next 2 years.


His ridiculous salary is just one recent example used by China’s General Administration of Sport accusing the CSL clubs of “burning money” to entice superstars to their league—and at this point, Tevez can literally burn his money and earn a profit. For every £1 he could physically set aflame, he would earn £29 in the process.

This profit has been calculated from the approximate 37 seconds it takes to burn a $1 notes which is the equivalent of £0.81—meaning it takes around 30 seconds to turn a £1 value to ashes. Since Tevez earns a £1 a second, his hourly wage would be £3,480 if his profession was continuously burning bills.

Tevez’s high price salary blows any average wage out of the water, however, compared to the local average salary in China, Tevez sits in an ivory tower that outshines the architectural prowess of The Great Wall. The average Chinese annual salary lies at around £8,772.92—a salary that Tevez earns in a measly 146 minutes. In one football match alone, with a short warmup, Tevez has earned the fruits of one person’s entire year’s labour.

If a football match is too much work for Tevez, he could also relax and watch one of the following films and earn the same amount:

  • Harry Potter and the Deathly Hallows pt 1
  • The Shining
  • Captain America: Civil War
  • Star Wars Episode 1
  • Hunger Games: Catching Fire
  • Goodfellas
  • The Help
  • War Horse

Additionally, if Tevez needs to travel home to Buenos Aires from his new Shanghai abode, the flight time earns him the salary of 8 working individuals in China. As if first class could not be cushy enough already…

At this rate, it is quite understandable as to why the Chinese officials are trying to implement a salary cap on football players. However, Tevez is probably quite excited to be the example of why it should be capped, rather than suffering from the consequences of his move. 



 

This is an paid advertorial. This is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any investing and trading activities.


© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife