Case-Study: Protecting a Footballer’s Salary from Currency Losses

If you earn in pounds (£) but send money home in euros (€), exchange rate volatility can cost you thousands each month.

How Salary Protection Works

At Elite FX, we help you lock in an exchange rate for up to 75% of your currency transfers home. This means that you:

  • Fix the exchange rate for up to two years

  • Know exactly how much you’ll send home each month

  • Keep flexibility for the rest of your transfers, using spot transfers when the rate is favourable

With salary protection, you can safeguard most of your income while maintaining some flexibility.

The Problem:
Exchange Rate Risk

If you earn in pounds (£) but send money home in euros (€), currency fluctuations can cost you thousands each month.

Example Scenario

A Premier League footballer signs a £36 million, 3-year contract. He plans to send £750k per month home to his family. But...

If the pound weakens, his euros decrease without him realising. Over a year, this could mean a loss of over €242,000!

The Solution: Salary Protection by Elite FX

We can lock in the exchange rate for 50–75% of your salary transfers home, so you:

Fix the currency exchange rate for up to 2 years
Know exactly how much you’ll receive each month
Keep flexibility for when rates are favourable

🔹 Protected Salary = Stability
🔹 Unprotected Salary = Risk
🔹 We don’t charge any fees

Security of your money

Your funds are safe and kept in their own segregated and ringfenced client account with Barclays and fully protected under stringent UK FCA Regulations.

We work with HNWs and famous sports stars from around the world. Our clients include Rugby World Cup winners, UEFA Champions League football players, Olympic gold medalists, world-renowned golfers, and Ashes-winning cricketers.

Elite-FX has helped 100s of top athletes. These athletes have represented their clubs and countries, including England, France, Australia, South Africa, Portugal, Spain, and Argentina, winning major trophies in international and local competitions..

What This Looks Like in Real Life

Real Example: A Footballer Earning £9.36 Million per year

The player sent home 75% of their nett income (after tax and NI taken off) to their home country which is £3,732,075

Period Protected Rate (GBP/EUR) EUR Received (Protected) Unprotected Rate (GBP/EUR) EUR Received (Unprotected) Difference (€)
Jan – Mar 2020 1.1831 €1,104,119 1.1600 €1,082,562 -€21,557
Apr – Jun 2020 1.1765 €1,097,960 1.1425 €1,066,455 -€31,505
Jul – Sep 2020 1.1693 €1,091,241 1.1250 €1,050,904 -€40,337
Oct – Dec 2020 1.1627 €1,084,658 1.1100 €1,035,900 -€48,758
Total €4,477,978 €4,235,821 -€242,157

Total EUR Received (Protected): €4,477,978
Total EUR Received (Un-protected): €4,235,821
Total Lost Without Protection: -€242,157

Why Salary Protection Matters

  • No surprises – You know exactly how much you’ll send home.

  • Financial security – You avoid currency losses.

  • More control – You lock in a fair exchange rate while keeping flexibility.

  • Your Bank – Typically charge much higher fees, reducing what you send home.

Why
Elite FX?

No Hidden Fees: We don’t charge fees—only a modest spread on the exchange rate.

Better Rates: We offer better exchange rates than most banks.

Security: We use Barclays ring-fenced accounts to keep your money safe.

Trusted by Sports Professionals: We already work with many high-profile sports people, helping save money on transfers home.

Protect Your Earnings Like a Pro

If you earn in GBP but send money home in EUR or any other currency, exchange rates can cost you thousands. When the market moves, you could lose money without even realizing it.

Elite FX helps you lock in a stable rate for most of your transfers. This means you always know how much you’re sending home—no surprises, no stress.

Don’t let currency swings take a cut of your salary. Let’s protect your earnings. 🚀

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Schedule a Call

Want to learn more? Schedule a free Zoom call with our expert team to discuss how we can protect your earnings. No obligation—just expert advice.

info@elite-fx.com
+44 (0)208 1297217