by Ian Royal »
14 Jan 2009 13:44
Royal Rother Ian Royal Thaumagurist* £14K a week is still a lot of money, enough to live a life in luxury. I'd be happy with that. Wanting any more than that is simply being greedy.
And don't forget, Reading was the only "company" offering the money to Sidwell at the time - he could not talk to anyone else.
Don't forget that you'll lose a massive amount in tax, and only have the prospect of earning it for about 10 years, if that. Add in that your lifestyle is likely to be quite expensive and you have appearances to maintain and £14k / week suddenly isn't so massive. In fact that's only £7.2m before tax. I'd expect you can see that drop to £4.5m - £5m after tax at a guess.
That then has to keep you and your family, in the lifestyle you've become acustomed to for probably upwards of 40-50 years.
If I was a footballer I wouldn't be wanting to rely on getting a normal job when my playing career is over to keep me going. Or hoping I'd get caching, pundit or management job.
What would you expect to do then? Nothing?
There's got to be a reason to get up in the morning otherwise there's no chance of seeing out the 40-50 years you mention.
(Anyway, even today investing £4m would give a very nice income as long as you don't get too greedy. No need to eat into capital sum at all.)
You're assuming that none of the wages is spent whilst it's being earnt. £4m invested would give a very very nice lifestyle as far as I'm concerned, but then I have pretty cheap tastes.
Personally I would probably carry on working if I fell into a load of money to keep relatively busy, but equally I could find unbelievable amounts of things to keep me happy and active if I had millions in the bank to back me.