Golden Greenery

Chapter 043: Quitting professional football

2015 is over, but football has not cooled down.

The 44th America's Cup kicked off in Chile, and the 201st Continental Cup qualifiers are also in full swing. The old king of football has been lost, and the whole world is still waiting with all its attention for the new king to ascend the throne.

In the still bustling bustle, the eye's information did not attract much attention, including those involved, who tried their best to keep a low profile.

——After friendly negotiation, Real Madrid and Zhuo Yang terminated their work contract.

Of course, it was not Zhuoyang who reached the termination agreement with Real Madrid himself. He was still cut off from all contact with the real world, and was still dreaming of a long dream in which he was desperately looking for a way home.

My sister Zhuo Qiu, who had just finished her confinement, went to Madrid in person and completed all the contract termination procedures with Real Madrid as the plenipotentiary representative of her brother Zhuo Yang.

No longer a Real Madrid player in 2015, he is no longer a professional player.

The original contract period was to terminate cooperation with Zhuoyang in the first three years of 2018.

Real Madrid took the lead in proposing a contract termination proposal. At first, Zhuo Yang's agent, Fat Raiola, firmly disagreed. He stubbornly demanded that Real Madrid fulfill the full contract. But after discussing with my sister, my parents decisively agreed to terminate the contract.

The fat man wants to fight for Zhuo Yang's interests, and the old Zhuo family has more backbone.

In fact, Real Madrid also came under strong pressure from the Postal Bank of Madrid and made such a decision.

Zhuoyang's 150 million euro transfer to Real Madrid from Barcelona four years ago was a special investment made by Postal Bank of Madrid in Real Madrid, with Zhuoyang himself as collateral. Since then, all profits or losses incurred by Zhuoyang during his time at Real Madrid will be divided between Real Madrid and Postal Bank according to the agreed ratio, which is basically a 50-50 split.

In the first three years of Zhuoyang's tenure, Postal Bank had already recouped its original investment of 150 million and made a lot of money. If Zhuoyang's transfer to Manchester United is successful last summer, Real Madrid and Postal Bank will reap the last big cake from the huge transfer fee.

If so, if there were no subsequent story, this investment case would become the most classic example of financial investment in the field of football, and Real Madrid and Postal Bank would also be the most successful example of this type of cooperation.

Even if there is no transfer, even if Zhuoyang continues to play for Real Madrid for four years and leaves on a free transfer in 2018, Real Madrid and Postal Bank will continue to make money for four years.

But that all ended in an accident in London in November 2014.

The world of capital is cold and ruthless. From November last year to this year, Yamashita's home was isolated from the outside world. His media traffic was also quickly abandoned by the capital economy. By now, Zhuoyang basically has no useable value.

In other words, Zhuoyang can no longer generate a penny of profit for Real Madrid and Postal Bank. Maybe because of sentiment, I can sell a few more jerseys, but that’s it.

But Zhuoyang's annual salary in his contract is the highest in the football world at 20 million euros.

Nowadays, the annual contract salary of professional players is basically after tax. The advantage of this is that the income is not affected by the fluctuation of the personal income tax rate of the country where the league is located. No matter how much tax is paid, it is the club's responsibility.

Spain’s personal tax rates are very interesting. Those with an annual income of more than 300,000 euros are considered high-income earners, and professional players are undoubtedly included in this category. More than ten years ago, the personal tax rate for all players was 43%. For example, if the annual salary after tax is 1 million, the personal income tax is about 7, which should be 1.76 million.

Player salaries have always been the club's biggest financial pressure.

In 2003, in order to successfully introduce Beckham, Florentino Lafayette successfully lobbied the Spanish government and established a clause to reduce the tax rate for foreign players.

According to the terms and conditions, qualified foreign players only need to pay 24% personal income tax, which is different from the 43% for local Spanish players. This is the famous "Real Decret" (Real Decret, commonly known as the "Beckham Act").

This tax provision played a very important role in the prosperity and rise of La Liga after 2003. After all, compared to Serie A, the Premier League and the Bundesliga, Spanish clubs can spend less money to attract big-name stars with higher salaries.

In the summer of 2007, Henry left Arsenal and ultimately did not choose AC Milan, but came to Barcelona because Barcelona offered a higher salary and because of this bill.

However, as the subprime mortgage crisis swept the world in 2008, the Spanish government, whose economy was becoming increasingly depressed, finally canceled the "Beckham Act" in 2010. Foreign players and local players also have an individual tax rate of 43%, which has since risen to 52%.

Since Zhuo Yang came to Real Madrid, his maximum salary has made Real Madrid bear a high tax rate.

In other words, Zhuoyang now has an annual salary of 20 million, and Real Madrid has to spend 21 more related financial expenses for him. Zhuoyang cannot generate profits for Real Madrid and Postal Bank, but they need to have a net annual expenditure of close to 100,000 yuan according to the contract. 50000000.

In three years, Postal Bank and Real Madrid will lose 150 million. This is not a small amount of money for anyone. Real Madrid is a members' club and members will not care about this, but Postal Bank must face accountability from shareholders and the board of directors.

Therefore, after harvesting the last remaining heat of Zhuoyang, it became inevitable to terminate the contract.

Don't accuse capital of being ruthless, because you are not capital.

And to be honest, Zhuoyang's accident had nothing to do with Real Madrid. It happened while he was handling personal matters in his private time. It was not a so-called 'work injury', and it was not easy for Real Madrid to bear all the losses.

Zhuoyang is essentially an asset of Postal Bank, and Real Madrid has the right to use it. It stands to reason that the real murderer has been discovered, and both Postal Bank and Real Madrid, whose assets have been damaged, can claim compensation from the murderer through the law.

But Sharma has escaped, and even if he is caught, he will definitely not be able to afford the compensation. Hercule and the Monaco royal family could afford to accompany them, but there is no conclusive evidence that the attack on the Thames River was related to them.

Furthermore, people's hearts sometimes have to make guesses based on the most malicious intentions.

The whole world is waiting for the moment when Lao Zhuo's family releases official news. Postal Bank and Real Madrid were also waiting. Zhuoyang is currently completely isolated. In fact, it is not known whether he is dead or alive. It is only based on the words of the old Zhuo family.

In order to receive his father's monthly retirement salary of 1,000 yuan, some people were willing to conceal the news of his death for ten years. Similar things have happened all over the world. Zhuoyang earns 20 million euros per year.

Therefore, Lao Zhuo's family immediately agreed to Real Madrid's request to terminate the contract without even mentioning a penny of compensation. Zhuo Qiu went to Madrid in person. In addition to signing, he mainly signed a memorandum with Lafayette, making him promise as Real Madrid chairman: No To stigmatize Zhuo Yang in any form, Zhuo Yang’s merits and demerits during his time at Real Madrid must not be stigmatized in any form.

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With the completion of the contract termination, starting from July 1, 2015, Zhuoyang retired from professional football. The news didn't attract widespread attention because it was both sensible and yesterday's news.

Including Zhuoyang's good brothers in football, they can't do anything except sad.

On July 4, the Chinese national team, which is preparing for the top 40 of the 2018 World Cup Asian Qualifiers, issued a statement: The number 18 of the Chinese team will always belong to the captain Zhuo Yang. From now on when the Chinese national team participates in any official international competition, the roster will only be 22 people outside of the 18th, until the day when our captain actually retires.

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