after tax that works out less than 25k a year- so its not really that much (baring in mind he can barely walk, so will unlikley be able to do majority of jobs easily and as stated at that early age why would he have started saving to "have anything he already had"
Dean Ashton
- Thread starter daz
- Start date
after tax that works out less than 25k a year- so its not really that much (baring in mind he can barely walk, so will unlikley be able to do majority of jobs easily and as stated at that early age why would he have started saving to "have anything he already had"
3m = 1.5m
1.5m / 50 years (approx.) = not that much per year
I still think he'd have had some saved up, already have a very nice property/many assets he can sell off. That's without the compensation package which could be very generous. I imagine that money will not be too much of a worry for him. If it is, welcome to the other 99.99% of us!
Soldato
And if you had 1.5m in the bank you would be earning interest, which no doubt you could live on to an extend... You would also have good monetary advise.
Put it this way I very much doubt Dean Ashton will struggle to survive as long as he is sensible (and has been, after all he's been picking up 60k a week for a while knowing his career was over) and doesn't do a Claridge/Merson.
I suspect he will have insurance etc, or will be claiming compensation
Put it this way I very much doubt Dean Ashton will struggle to survive as long as he is sensible (and has been, after all he's been picking up 60k a week for a while knowing his career was over) and doesn't do a Claridge/Merson.
I suspect he will have insurance etc, or will be claiming compensation
Are you forgetting about that little thing called interest?
£1,500,000 returns between £50,000 and £60,000 per year in interest alone after tax.
Of course he'll have other money, property etc.
Its someone's earnings - ie you pay rent / mortgage etc, plus general living expenses - I dont see why its so surprising why he wouldnt be getting anything like that amount of interest
Its not payed all at once - and as he is so young , at his peak earning power why would he be saving anything, until the last year of his contract when there is no gaurentee he would be payed that amount (baring in mind he was injured when he signed)
He never got a chance to build up this huge fortune and "other money /property" - before the injury he was 23 and just on the verge of the England team .... he hadnt been highly paid for any length of time at all
Soldato
He's getting £3m compensation from West Ham.
He's be fine financially.
He's be fine financially.
after tax that wont be that much at all (compared to what might have been as a top flight professional) - as stated above
I hope he is alright financially though - nothing he could have done differently
He was on about £60,000 per week before retiring.
He receives £3m pay-off.
He'll have his own insurance policy to cover such injuries.
He'll have received various lump sums throughout his career as part of transfers etc, signing on bonuses, yearly bonuses, goal bonuses, sponsorship etc.
He is probably within the top 0.1% of the population in terms of wealth.
Soldato
You make sound like he's retired at 19. He was a 26 year old man, who had been earning at least 10k a week since he joined Norwich in 2005. He was likely to be on 30k when he joined WHU in 2006.
I'm sure if you get a payout of £3m you will know the right accountants, who will show him how to keep most of that money, you can't believe you a minute he will be paying 40% tax + NI on that.
20 years ago I would agree with you it would be difficult to survive retiring at that age. Heck Arsenal's Paul Paul Vaessen is a prime example, Scored one of Arsenal most famous goals at 19, retired at 21, had no money became homeless, a drug addict, dead by 39. Dead Ashton will never have to work again should he choose to.