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Re: Salary cap breaches revealed
Posted by: Marlow Nick
Date: 23/01/2020 14:22
Quote:
Primavesi2
Quote:
Marlow Nick
Maro: I want more salary
Nigel: what about if I bought shares in your image rights company
PWC: a 30% stake would be 1.6m
Maro: OK then I want 1.6m for 30%
Nigel: sounds like a fair market price based on the valuation of one of the biggest consultancy firms in the world, one that is trusted by premier rugby.

RECKLESS is being very generous

Fixed it for you

So Nigel (well known for his expertise in property deals) is now an expert in image rights?
You have to admit that even without the dispute about valuations this is sailing very close to the wind and pushing the spirit of the salary cap to breaking point
One of your highest profile players wants a pay rise. Low and behold Nigel decides to get into the image rights business and suddenly the player has 1.6M in their bank account. Maybe it was worth 1.6M, maybe it was worth 0.8M but either way surely this shouldn't be a transaction with a connected party.

I hope this sort of dodgy deal is explicitly banned in the next version of the cap rules. Nothing to stop Itoje selling his image rights - but not to any individual or company with any links to the club.

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