Ban Beckham endorsed products!
In an era where sports superstars' wages grow exponentially faster than inflation rate, it is a little known fact that it is ultimately, the consumers that are paying for the ridiculous wages. Case in point - expect Starhub to raise their sports channel charges especially bagging exclusive English Premiership TV rights for the next few years.
And what do these young sports superstar do with the money? Drugs, rape, assault - you-name-it-they-did-it. Well, in a way, some purists can argue that it's good for the economy as it keeps the money flowing and according to Keynes blah blah blah but hey, there must be a limit. The word "ridiculous" is getting a new definition every year and this year is no wonder.
Beckham has signed a 5 years, USD$250m contract with a stupid club in US. That's USD$50m per year; USD$4.2m per month; USD$1m per week; USD$149k per day; USD$6.2k per hour; USD$103 per minute, USD$1.72 per second. Ladies and gentlemen, Beckham makes USD$1.7 everytime he takes a breath for the next 5 years, guaranteed; and not including his sidelines which include advertising, endorsing and his own line of clothings.
AND to rub salt into the wound -
http://soccernet.espn.go.com/news/story?id=399538&cc=4716
I quote "Beckham, 31, insists he is not going for the money but to promote football in the USA."
Oh yeah? Do it for free then. You do not need so much to feed your skinny wife anyway.
If you are really interested in bringing trophy to the club, peg your salary to your performance then. Don't pay lip service. But you do it so well, you can consider becoming an American and run for its presidential election.
And what do these young sports superstar do with the money? Drugs, rape, assault - you-name-it-they-did-it. Well, in a way, some purists can argue that it's good for the economy as it keeps the money flowing and according to Keynes blah blah blah but hey, there must be a limit. The word "ridiculous" is getting a new definition every year and this year is no wonder.
Beckham has signed a 5 years, USD$250m contract with a stupid club in US. That's USD$50m per year; USD$4.2m per month; USD$1m per week; USD$149k per day; USD$6.2k per hour; USD$103 per minute, USD$1.72 per second. Ladies and gentlemen, Beckham makes USD$1.7 everytime he takes a breath for the next 5 years, guaranteed; and not including his sidelines which include advertising, endorsing and his own line of clothings.
AND to rub salt into the wound -
http://soccernet.espn.go.com/news/story?id=399538&cc=4716
I quote "Beckham, 31, insists he is not going for the money but to promote football in the USA."
Oh yeah? Do it for free then. You do not need so much to feed your skinny wife anyway.
If you are really interested in bringing trophy to the club, peg your salary to your performance then. Don't pay lip service. But you do it so well, you can consider becoming an American and run for its presidential election.
3 Comments:
At 10:46 PM,
alpha.lima.victor.india.november said…
Mr Ex-auditor..ask u smtg..there're 52 wks in a year, so logically speaking, he earns less than 1 mil a wk isn't it? so why you say he earns 1 mil a wk? how to solve this?..hahaha
At 11:46 PM,
Simon says said…
Cause for the sake of argument, it is assumed that a month has 4 weeks and a week has 7 days.
If I used 52 weeks, you will ask why I never consider leap year.
Not easy to satisfy everyone you know.
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