Originally posted by Metec
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in the past it was 20% and they changed that to 45%. olympiakos had signed papaloukas on 3.5M/year with the 20%,they tried to do what you said cutting his salary to something like half or even less which would cost them less mixed money(to the player and taxes) even with higher tax rate and agreed with him to pay the rest "under the table". which they didnt cause papaloukas appealed to greek civil courts for that difference between the 2 contracts(his previous one didnt expire,it still had 1 year left) and he won the case and aggelopouloi had to pay him 1.75M.
about panathinaikos and our transfers i think that one of the reasons(if not the main one) we havent got someone was that. waiting for the 1st of january. this summer anyway the budget will probably increase,even if the total stays the same (right now the salaries are like 8,5-9M and total 16-17),the new tax rate will allows us to give close to 11 or a bit more,havent done the math. its actually a big difference cause we can go for top quality center and more expensive role players (we will get rid of johnson's 1m/year,pappas wont stay and even if he does wont get 800K/year like he does now etc)
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