Premier League footballers to earn around £240,000-a-year more after tax cuts

Premier League players aren't usually short of a bit of cash but now they're set to be even more flush with it, after the government's recent tax cuts.

Premier League clubs pay huge amounts on wages, with 18 of the 20 clubs in England's top tier appearing in the top 50 clubs across all of Europe.

Manchester United players reportedly earn £223 million-a-year, making them the top earners in the league, with Chelsea and Manchester City next on the list.

According to reports, on average players in the league earn £4 million-a-year, or £75,000-a-week, with Cristiano Ronaldo apparently taking home a whopping £515,385 per week.

Zemura is reportedly the lowest paid player. Image: Alamy

In contrast to the United forward, Bournemouth's Jordan Zemura is apparently the lowest paid player in the league, although he was expected to sign a new deal before Scott Parker left.

But, according to the Times, all players will be receiving a boost thanks to the government's new tax and national insurance cuts, announced in last week's mini budget.

The outlet claims that the cuts will see players earn on average £240,000-a-year, with the highest tax bracket moving from 45 percent down to 40.

Finally something for Ronaldo to celebrate. Image: Alamy

A club chief executive told the paper that the change may make the league even more attractive to players moving from abroad.

"Tax can be an issue when negotiating transfers, as players want to know their net income, so I’m sure the tax cut will make the Premier League more attractive," the exec told the paper.

In other European leagues there have previously been tax exemptions for players from abroad, in order to try and attract players but that has never existed in England.

The report reckons that Ronaldo will be able to take home another £1.3 million-a-year following last week's tax cuts, which may soften the blow of not starting for United as much.

He was actually unhappy with his pay going down this season, after the club missed out on qualification to the Champions League in the previous campaign.

It was reported that it was a major reason for him wanting to leave in the summer, having only returned to Old Trafford, and agreeing to that clause, a year before.

Could the tax cuts persuade the likes of Mbappe to move to England? Image: Alamy

Perhaps the lower taxes could attract a player such as Kylian Mbappe, not that the World Cup winner is on a small amount in France.

His PSG contract was initially thought to run until 2025 but he can actually leave the Parc des Princes in 2024, making a transfer next summer a possibility.

If that does happen then the fourth highest paid athlete under 25 in the world may well consider a move to the Premier League, having previously been linked with Liverpool.