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Creative accounting in the salary cap

spirit of norm smith
in Melbourne Demons

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Posted

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!!! 

Season 6 What GIF by The Office

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    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?

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    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?

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    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 

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    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!!!

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

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    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. 

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    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….

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    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

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    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

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    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.

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