R360 Discussion - Delayed 2 Years

Vlandys has said that Lomax and Paps are welcome back to the NRL after the R360 "postponement"

Vlandy's said

“They were just victims of the mirage,” V’landys told the AAP.

“(It’s) no surprise. Their current business model was never going to work. It’s a shame so many people were hoodwinked.”
 
Foordy said:
Vlandys has said that Lomax and Paps are welcome back to the NRL after the R360 "postponement"

Vlandy's said

“They were just victims of the mirage,” V’landys told the AAP.

“(It’s) no surprise. Their current business model was never going to work. It’s a shame so many people were hoodwinked.”
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If i was paps or lomax, i would be reconsidering my player agent. How do they not do their due diligence and assess the authenticity of the competition they are negotiating with? What are they doing for the percentage they charge?
 
NSW stables said:
If i was paps or lomax, i would be reconsidering my player agent. How do they not do their due diligence and assess the authenticity of the competition they are negotiating with? What are they doing for the percentage they charge?
Click to expand...

www.foxsports.com.au

‘Won’t be having anything to do with it’: Huge twist as Lomax, Paps’ agent pulls out of R360 talks

‘Won’t be having anything to do with it’: Huge twist as Lomax, Paps’ agent pulls out of R360 talks
www.foxsports.com.au www.foxsports.com.au

lol he told them to get a lawyer and wiped his hands 😂
 
NSW stables said:
If i was paps or lomax, i would be reconsidering my player agent. How do they not do their due diligence and assess the authenticity of the competition they are negotiating with? What are they doing for the percentage they charge?
Click to expand...

admittedly I have no idea what the situation is ... but for all we know Clinton Scifcofske could have done his due diligence, warned his clients about the viability of R360 and was instructed to negotiate with them anyway. Player managers still have to follow their clients instructions.

and TBF, I'm not sure too many people were expecting R360 to fall over now. most people were questioning R360 as a long term product. thinking that if they didn't make significant money in their first season, then the investors would pull out and the players would be left in the limbo mid contract
 
McHunt said:
This foreign tax exile fiasco would all go away if the Gubment could provide some rudimentary taxation exemptions. For example:

1. 15% flat rate for all income derived from approved sporting bodies (eg NRL, ARU). These kids earn a shitload of money for ten years tops, during which time they blow it all on handbags and instababes, and then wind up on a shovel. Acknowledge this might be the only time in their lives they can earn. Third party income might not be exempt.

2. The same flat rate could be extended to entertainers and creatives in general whose earning spans might amount to only a couple of years.

3. Or if you want to be really progressive, tax under all 30's at 15% flat.

It's not impossible for a country to think outside the tight arse box of robbing the "rich" no matter how nouveau. Ireland, for example, gives creatives a free kick at €50,000.

Unfortunately, I think we're too much of a bunch of ***** to cut anyone a break, and this is why anyone successful ****s off and we can't make shit here.
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Who gives a crap they only earn for 10 years? They earn 10 times as much per year so they are in front despite the tax. The fact some of them waste their money and have to actually get a job isn't the rest of Australia's problem.
In your world the mega-earner on a million a year gets to keep a higher percentage of his money than the toiler on $80k, while the toilers prop up the country so the rich can get richer.
Thank God you aren't the PM.
 
john1420 said:
Who gives a crap they only earn for 10 years? They earn 10 times as much per year so they are in front despite the tax. The fact some of them waste their money and have to actually get a job isn't the rest of Australia's problem.
In your world the mega-earner on a million a year gets to keep a higher percentage of his money than the toiler on $80k, while the toilers prop up the country so the rich can get richer.
Thank God you aren't the PM.
Click to expand...
Yes, you demonstrated my point about Australians precisely. We think small.
 
Foordy said:
admittedly I have no idea what the situation is ... but for all we know Clinton Scifcofske could have done his due diligence, warned his clients about the viability of R360 and was instructed to negotiate with them anyway. Player managers still have to follow their clients instructions.

and TBF, I'm not sure too many people were expecting R360 to fall over now. most people were questioning R360 as a long term product. thinking that if they didn't make significant money in their first season, then the investors would pull out and the players would be left in the limbo mid contract
Click to expand...

I don't agree with this at all. It was being universally panned across the globe by anyone who knew anything about professional sports. Once the major unions pulled the pin on their players being allowed to rep their country, that was the biggest nail in it's coffin.

Union players goal is to play for country. Once that's taken away, only the money hungry wannabes are left.
 
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