Real Madrid is soon to welcome Kylian Mbappé: according to the Spanish press, it will be under quite specific financial conditions.
Mbappé is already making his mark in Spain. According to Mundo Deportivo, the government of the Madrid region is set to implement a new law, nicknamed the ‘Ley Mbappé’ (Mbappé Law, Editor’s note).
This law will reduce income taxes for foreign fortunes that invest in the Madrid region. The Mbappé Law also stipulates that the investor must reside in Madrid.
PSG couldn’t compete
The autonomous government of Madrid is taking a page from the past. Several years ago, the ‘Beckham Law’ set a maximum tax rate on income for foreign workers at 24%. This allowed for the arrival of Galacticos like David Beckham…
Kylian Mbappé will thus benefit from these tax advantages, which allows Real Madrid… to pay him less. PSG couldn’t compete…
