Cowboys may be in trouble

[voicefromthehill]

Exactly right! So could be a more serious breach than the storm.

This is the way I would rort the cap, set up a financial advisory firm that only advise club employees as a special purpose vehicle. Write down limited recourse borrowing arrangements inside super With a balloon payment at the end for players that they can use to purchase an investment property or build a portfolio of financial assets. When the player retires write off the loan. Leaving the player with the acquired assets. But if they leave make them pay it back!

But is the borrowing arrangement not with the trust? Can't see how that arrangement would pass the annual audit of the SMSF - at a minimum I see simple arms length test issues

 

[wombatgc]

Read somewhere that it might have to do with a builder in Townsville building houses for the players for free.

Going buy the choice of music last night I'd say he's building mobile homes, not houses. Yeeha

 

[Rex]

These deals have a clear stench.

If the NRL don't take this seriously, then wait for this to become the norm.