Absolutely not.
Yet when Laundy announced he was coming on board to sponsor Dogs a few years ago, he publicly stated he would do all he could to help players, including help them after their footy careers - and no-one said boo about it.
Probably because if it's all on a handshake with a trusted billionaire, there's bugger all way to prove the salary cap breach which is an obvious salary cap breach
That is a false statement - the NRL put a stop to it.
Laundy Hotels is a major sponsor of the Canterbury-Bankstown Bulldogs NRL club, with a long-standing partnership that includes the prominent placement of their logo on the team's jersey. Discussions about a potential third-party agreement involving Laundy Hotels and a player arose in the context of the Bulldogs' attempts to recruit Tino Fa'asuamaleaui, but this deal was ultimately blocked by the NRL due to concerns about its potential impact on the salary cap.
Here's a more detailed breakdown:
Laundy Hotels as a Sponsor:
Laundy Hotels has been a major sponsor of the Bulldogs since 2020, with an initial five-year deal that could extend to 2032.
The sponsorship involves the Laundy Hotels logo prominently displayed on the front of the Bulldogs' jersey.
The partnership is described as a strong alignment of values between the two organizations.
The Laundy family has a long history with the Canterbury area and the Bulldogs club.
Third-Party Agreements and the NRL:
What they are:
Third-party agreements (TPAs) are contracts between a player and a company that is not the player's club or a related entity.
Purpose:
TPAs allow players to earn additional income through endorsements and other ventures, but they can also be a way to circumvent salary cap restrictions.
NRL oversight:
The NRL closely regulates TPAs to ensure they are legitimate and don't breach the salary cap.
Potential for abuse:
If a TPA is connected to the club or its sponsors, it can be considered part of the salary cap, as it could be a way to indirectly pay a player more than allowed.
The Tino Fa'asuamaleaui situation:
The proposed deal where Laundy Hotels would offer Tino Fa'asuamaleaui a share in their business, with a guaranteed return, was flagged as a potential salary cap breach.
NRL intervention:
The NRL intervened to stop the deal, as the guaranteed return on investment, especially if tied to the club, could be seen as a way to circumvent the salary cap.