News :Arsene Wenger : Tax Hikes Could End EPL Dominance
Soccer Extreme : Arsenal manager Arsene Wenger has admitted that he is concerned that the new British tax system could put top foreign players off moving to England.
The chancellor, Alistair Darling, has raised the top rate of income tax to 50 per cent for those earning over £150,000 from April next year, a move which Wenger feels could hit football hard.
Speak! ing to the Sunday Telegraph, the Arsenal boss insisted the move could spell trouble for English football and predicted that the Premier League's domination of the Champions League would end.
"That time will soon be over, because with the new taxation system, and the collapse of sterling, the domination of the Premier League on that front will go," he said.
"That is for sure. It will be a financial problem for all the English clubs."
Wenger failed to address the fact t! hat the new rate of income tax merely brings Britain in line w! ith othe r European countries.
But, should he be proved correct, Arsenal could be particularly affected, as they posses a large quota of foreign players within their ranks.
Of course, should foreign players decide not to come to England, it should mean great opportunities for home-grown players to make the breakthrough.
Yet, as Arsenal prepare to take on Manchester United in the Champions League semi-final, the Frenchman insisted that whilst English football might be set for some darker days, fans should simply enjoy the good times while they last.
"Sometimes when all goes well, you don't know what you have," he commented.
"I don't believe, frankly, that the quality will last in England. Let's enjoy it."
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The chancellor, Alistair Darling, has raised the top rate of income tax to 50 per cent for those earning over £150,000 from April next year, a move which Wenger feels could hit football hard.
Speak! ing to the Sunday Telegraph, the Arsenal boss insisted the move could spell trouble for English football and predicted that the Premier League's domination of the Champions League would end.
"That time will soon be over, because with the new taxation system, and the collapse of sterling, the domination of the Premier League on that front will go," he said.
"That is for sure. It will be a financial problem for all the English clubs."
Wenger failed to address the fact t! hat the new rate of income tax merely brings Britain in line w! ith othe r European countries.
But, should he be proved correct, Arsenal could be particularly affected, as they posses a large quota of foreign players within their ranks.
Of course, should foreign players decide not to come to England, it should mean great opportunities for home-grown players to make the breakthrough.
Yet, as Arsenal prepare to take on Manchester United in the Champions League semi-final, the Frenchman insisted that whilst English football might be set for some darker days, fans should simply enjoy the good times while they last.
"Sometimes when all goes well, you don't know what you have," he commented.
"I don't believe, frankly, that the quality will last in England. Let's enjoy it."
Related Hot News :
teens,
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