Results 18 to 31 of 31
Thread: Nine more years of LYB
12-22-2013, 08:18 AM #18
12-22-2013, 08:21 AM #19
I think we talk about this in Tang Wei's thread. Apparently, Asian Badminton Championship is a major title for China, even though it's only a GP Gold event.
Last edited by pcll99; 12-22-2013 at 08:34 AM.
12-22-2013, 09:19 AM #20
Second, I too feel keeping 50% of the advertising money is substantial already but considering most if not all fully independent professional athletes get to pocket 100% of it, it may not be too far-fetched or unreasonable an expectation. As for the taxation part, the athlete is subject to China's income tax law which is rather progressive -- http://www.worldwide-tax.com/china/china_tax.asp .
Third, maybe LYB is thinking that instead of letting the state, not CBA (which shares 50% of the prize money only), take 50% of the advertising income, why not let the athlete have more, up to 100%, to incentivize them and raise the attraction and stature of the sport as a profession, esp when he considers badminton players are not as well rewarded as , say, their table tennis counterparts in proportion to the physical demands and risk of injury.
Besides, CBA is known to be adequately if not well funded by the Chinese government as Chinese badminton is already doing so well on the world stage (as only any sport that is doing poorly get reduced funding) and the prize money the association is collecting from the players' winnings on a regular basis, 50% of it, is a welcome bonus, even possibly a reliable and good source of revenue for CBA in actuality, I'd say.
12-22-2013, 09:23 AM #21
12-22-2013, 09:32 AM #22
2. World Championship
3. Asian Games
4. TUC and Sudirman Cup
5. All England
6. Asian Badminton Championship
7. SS Finals
8. Other PSS events.
9. Other SS Events.
10. GPG events.
Just my personal observations.
12-22-2013, 10:20 AM #23
As for the GPGs, I think you can disregard its importance for CHN - it's more for their second tier and junior players to acquire experience and earn ranking points as needed. Seldom do we see CHN's elite players at GPG events.
But I do sense that the CHN players themselves actually do want to win the All England. For example, when LXR won it last year she expressed at the post-match court-side interview that she was aware of its special significance in view of its long tradition and illustrious history. And Chen Long who won it this year beating Lee CW actually said at the post-match interview that the All England is widely regarded as a mini-WC of sorts and he was delighted to have gained such a victory.
12-22-2013, 08:12 PM #24
12-22-2013, 11:24 PM #25
12-23-2013, 12:12 AM #26
Whether you're a fully independent professional or not, your earnings/income (from salary,advertising,prize money,etc) are taxed accordingly, the amount depending on your tax bracket (say, 45% for monthly income 80,001 RMB and above); that's how I understood it. CMIIW.
12-23-2013, 01:03 AM #27
Also noteworthy is that the Asian Games though important to CHN but being a regional rather than world event is discounted as far as LYB is concerned. Furthermore,just saying, if LYB had included the All England as well, he would probably, offhand, have reached or exceeded his target of 100 already.
12-23-2013, 04:36 AM #28
12-23-2013, 06:19 AM #29
Come to think of it, there is a fair bit of truth to it. Taking Lin Dan as an example again,during his almost a year break after the London Olympics and before his sterling WC comeback, Lin Dan was practically enjoying himself away from active competition hence zero tournament prize money, yet his advertising income from various product endorsements keep rolling in, pretty solid figures to boot compared with which the prize money is measly sum.
Anyway, I can understand LYB's motivation for intending to propose that badminton players be allowed to keep all 100% of the advertising money, esp. when he has in mind their table tennis counterparts of whom he once said many of them are already capable of owning their own houses, let alone other more lucrative sports such as tennis.
Luckily, badminton ranks as one of the top 3 sports in China,if I'm not wrong; still, LYB has to be mindful of other currently less popular sports, such as golf,snooker, swimming,even athletics, steadily gaining in popularity and contending for the same pool of athletes and sports enthusiasts so much so that he cannot rest easy but to constantly find ways to attract and retain more talents to badminton. Fighting for more advertising money for the badminton players is but one of the steps in the right direction,I suppose.
12-23-2013, 08:00 AM #30
LYB needs money to run his team. He has trainers for strength, endurance, weight, etc. Nutritional specialists, physiotherapists, etc.
Needless to say, he has hundreds of people on payroll.
Lin Dan's 50% contribution is a big part of China National Team's source of income.
If I remember correctly, LD's income for last year was over RMB 40 million.
12-23-2013, 07:43 PM #31