Soccer
Mikel Arteta Will Be Forced to Pay £7.04 million-per-year in Tax as he Nears Bumper Extension With Arsenal
![8d440610-28e4-49c9-8247-27d2135843a3](https://sports7.us/wp-content/uploads/2024/05/8d440610-28e4-49c9-8247-27d2135843a3.jpg)
Arsenal will reward Mikel Arteta’s title-challenging efforts with a sizeable pay package, seeing him pocket an extra £6m-per-season.
Liverpool’s outgoing manager Jurgen Klopp had been the Premier League’s second-highest managerial earner, but his departure means Arteta will take his spot.
The Spaniard’s bumper new extension means he will earn £15m-a-year, which is still someway off Guardiola’s £20m-per-season.
With those at the very top of the earning charts being taxed the heaviest in the UK, it got us thinking - how much will Arteta and his fellow managerial counterparts actually earn after tax?
Mikel Arteta Will Be Taxed Almost Half of His New Yearly Salary
Arsenal will reportedly table an offer which will see manager Mikel Arteta earn £15m-per-year.
Using Money Saving Expert’s income tax calculator, this would comfortably place him in the additional rate tax bracket for anyone earning over £125,140.
Below we have listed the full breakdown of what Arteta would expect to pay in tax as a result of his new salary.
Year | Month | Week | |
Gross Wage | £15,000,000 | £1,250,000 | £288,462 |
National Insurance | £302,011 | £25,168 | £5,808 |
Take Home Pay | £7,961,786 | £663,482 | £153,111 |
Tax Paid | £6,736,203 | £561,350 | £129,542 |
Taxable Wage | £15,000,000 | £1,250,000 | £288,462 |
Only Pep Guardiola Will Pay More Tax as a Manager Than Mikel Arteta
Below is the full list of confirmed managers in the Premier League, along with their salaries and actual take home pay.
All three promoted teams are yet to disclose their managerial wage.
West Ham’s Julen Lopetegui’s wage is thought to be around £4m but there is no official confirmation, while Brighton and Chelsea remain managerless.
Manager | Salary Per Year | Take Home Pay |
Pep Guardiola | £20m | £10.6m |
Mikel Arteta | £15m (expected salary) | £7.96m |
Erik Ten Hag | £9m | £4.78m |
Unai Emery | £8m | £4.25m |
Arne Slot | £6.85m | £3.64m |
Sean Dyche | £5m | £2.66m |
Ange Postecoglou | £5m | £2.66m |
Thomas Frank | £4.5m | £2.39m |
Oliver Glasner | £4.5m | £2.39m |
Eddie Howe | £4m | £2.13m |
Marco Silva | £4m | £2.13m |
Nuno Espirto Santo | £2m | £1.07m |
Kieran McKenna | £1.2m | £647,000 |
Andoni Iraola | £1m | £541,000 |
Commentary
Head of News Lee Astley commented on the findings, saying: “Mikel Arteta no doubt deserves a significant pay rise to reflect his position just behind the league’s highest earner.
“The Spaniard had been tentatively linked with his boyhood club Barcelona during the early stages of the season - is Arsenal’s latest £6m-a-year pay bump an attempt to ward off potential suitors?
“There’s no doubting Arteta would earn more on the same salary in Spain given their slightly more favourable tax laws, but for now Arsenal’s latest incentive looks to have secured his services for at least the next few seasons.”