Creative accounting in the salary cap

[spirit of norm smith 16,299]

We all laughed at the Chris Judd deal to be an ambassador to Visyboard, one of the Blues major sponsors.   It was ticked off as okay but in hindsight even Judd himself laughs that his actual hours were low and his hourly rate was astronomical!!! 
 

now this … 

Geelong coach Chris Scott has been appointed Chief of Leadership & Performance at Morris Finance - a key Cats sponsor

crazy!!! 

[DistrACTION Jackson 8,671]

Add this to the Bailey Smith Cotton On deal, or the nice little land packages on offer down there…. AFL say they are keeping an ‘eye on it’, but really what can they actually do?

[biggestred 5,016]

soft cap just got bigger for the cats

[darkhorse72 1,906]

After the Judd special deal I thought they rewrote the rules to include external package into the salary cap calculation.  I assume the same for the soft cap?

[Diamond_Jim 12,551]

epl has no salary cap but about 10 years ago it introduced a rule limiting losses.

So you can spend as much money as you make.(favours big clubs)

Anyway Manchester city is now in danger of relegation on the basis of:

1. That amounts paid by Abu Dhabi went way beyond arms length sponsorship agreements

2. Amounts paid to the Manchester city coach to advise Abu Dhabi football were disguised salary payments.

The sporting world awaits the outcome which should come by the end of January.

Sports accounting has come a long way from the Saturday post game sling 

[Sir Why You Little 36,987]

1 hour ago, Diamond_Jim said:

epl has no salary cap but about 10 years ago it introduced a rule limiting losses.

So you can spend as much money as you make.(favours big clubs)

Anyway Manchester city is now in danger of relegation on the basis of:

1. That amounts paid by Abu Dhabi went way beyond arms length sponsorship agreements

2. Amounts paid to the Manchester city coach to advise Abu Dhabi football were disguised salary payments.

The sporting world awaits the outcome which should come by the end of January.

Sports accounting has come a long way from the Saturday post game sling 

Should have happened about 7 years ago, meanwhile they have the last 4 titles!!!

Absolute Disgrace 

don’t get me started on Jeeelong!!!

[Call Me What You Will 751]

And an incredibly smug Scott on 7 News tonight. “Go ask they AFL” - it’s been ticked off.

[Where Demons Dare 150]

Geelong must have photos/videos of the AFL HQ senior staff... these guys getaway with everything. Not only do they gift farms and other back alley deals to players (including shutting up the media). Now the coach is involved with one of its key sponsors. Talk about conflict of interest. 

[Little Goffy 14,463]

The 'soft cap' is called the 'talcum cap' down on the peninsula.

What a f'ing disgrace.

[whatwhat say what 22,702]

it seems pretty brazen

[Sir Why You Little 36,987]

12 hours ago, Where Demons Dare said:

Geelong must have photos/videos of the AFL HQ senior staff... these guys getaway with everything. Not only do they gift farms and other back alley deals to players (including shutting up the media). Now the coach is involved with one of its key sponsors. Talk about conflict of interest. 

Yep. The late Frank Costa set them up beautifully on so many levels….

[spirit of norm smith 16,299]

Mitch Cleary reporting …

Chris Scott has had a role with Morris Finance for several years which was initially ticked off by the AFL.
However the League is looking into the Chief of Leadership + Performance position that was announced last week. 

It’s understood multiple rival clubs have raised eyebrows

[DistrACTION Jackson 8,671]

6 minutes ago, spirit of norm smith said:

Mitch Cleary reporting …

Chris Scott has had a role with Morris Finance for several years which was initially ticked off by the AFL.
However the League is looking into the Chief of Leadership + Performance position that was announced last week. 

It’s understood multiple rival clubs have raised eyebrows

Geelong have been taking the p 1 double 5 for years and the AFL just say 'we are keeping an eye on it'.... that means sweet FA

[Diamond_Jim 12,551]

Obviously they all read Demonland.

It will be approved. Once you have a willing sponsor it's not hard to construct a role. The one protection is the Corporations Law but in reality it only imposes brakes on listed companies in that all payments need to be in the interests of shareholders and properly characterised.

The answer is to have a prohibition on all non football payments unless positively approved by the AFL. It's not that unusual as many employment contracts prohibit outside employment unless approved by the employer. While strictly speaking the AFL is not the employer of the coach or players but they are the regulators.