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Elliott Wave Trading

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. 



 

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