Telegraph: Ivan Toney’s Massive Salary in Saudi Arabia Equivalent to a Million-Pound Weekly Wage in the Premier League

In August 2024, Al Ittihad Jeddah secured the signing of English star Ivan Toney for a transfer fee valued at £40 million. Mike McGrath, a journalist from The Daily Telegraph, detailed Toney’s substantial earnings in Saudi Arabia.

Ivan Toney signed a four-year contract with Al Ittihad Jeddah. According to the terms, his base salary is a tax-free weekly wage of £400,000. For each appearance, he earns an additional appearance fee in the tens of thousands, and upon meeting certain appearance thresholds, he receives a significant performance bonus. These performance clauses are not difficult to achieve. All things considered, it is estimated that his weekly earnings will amount to a tax-free £500,000.

This figure of £500,000 refers to his pure income after tax each week. In the Premier League, when media mentions a player earning ‘X million pounds per week’, it usually refers to pre-tax income, which means players end up with only about half of this amount after taxes. Therefore, the British media points out: “In terms of post-tax pure income, Ivan Toney’s earnings in Saudi Arabia are equivalent to a weekly wage of £1 million in the Premier League”.

According to previous reports by the BBC, the highest-paid players in the Premier League during the 2024-25 season do not earn as much — for example, Kevin De Bruyne with a pre-tax weekly wage of £400,000 and Erling Haaland with £375,000. In comparison, Ivan Toney is really doing well financially in Saudi Arabia.