RUMOUR Matt Lodge signs until 2020

Kyall said:
Long term contract coming up for Lodge. No way would the bank would give him a loan that size without our club having a massive part in it. He would of surely had to sign something to stay with us. Though great investment for the club he’s a great player with huge potential.
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Yep. After watching the presser I agree. White said that while they have not provided any money they have been working with the bank. To me that says providing evidence of an income that can service the loan.
 
Unsure of how it works in America but will the courts be required to publish the settlement as part of court documents?? Or will it just be stated as settled out of court??

If there is no disclosure by the courts then I hope they had to sign a non disclosure agreement as part of the settlement otherwise the media will get a hold of it and if it's anything less than $700 million they will be looking for blood and trying to force Lodge to pay more.
 
Not that I’m suggesting anything of the sort happened but surely it wouldn’t be hard for the ceo of an nrl club to speak to the vicitims lawyers and agree to a non-disclosed amount that the player will take a loan to pay off with no help from the club, while a completely “unrelated” large sum of money coincidentally finds its way to the victims with little to no way for the nrl to trace it.
 
Tom said:
the loan he got can't be too big if he was on minimum wage. You would think..
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Banks will loan off contracts like they do in business. Ive had a few clients get sizable loans based off tendered contracts moving forward. My expectation is that Brisbane have already offered him a new deal in writing, he has taken it to the bank and settled the court judgement on that basis, and now its only up to the NRL to sign off on the deal which I would expect would be a formality. The only condition the NRL had specifically put in place was that the court case needed to be settled which it has. The behaviour clauses would have already been attached to his old contract.
 
The reason the amount is kept a secret is because of what BroncsFan said. Any less than 1.6mil and Kunt and Rumfield and all the other scum will have a field day for a month writing stories about how the couple still wake up in the middle of the night in cold sweats and the little boy wets the bed etc etc.
 
Kyall said:
He was on a normal rate salary so he couldn’t of paid off more than 100k. So he would need a loan over 1mill.
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you can get a 300k loan on a salary of 60k ... trust me ... and 60k is half the NRL minimum.

it is also not like the victims were negotiating from a position of strength, as they had no legal way to make Lodge pay a single cent ...

it wouldn't surprise me in the least of the settlement was a third of the original judgment
 
Foordy said:
you can get a 300k loan on a salary of 60k ... trust me ... and 60k is half the NRL minimum.

it is also not like the victims were negotiating from a position of strength, as they had no legal way to make Lodge pay a single cent ...

it wouldn't surprise me in the least of the settlement was a third of the original judgment
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And that would still be too much
 
Kyall said:
They were demanding Lodge payed full amount that’s including judge as well.
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They can demand whatever they want, doesn't mean that is what they will get.

I mean, if I demand a 58% pay rise from my boss, I'm very unlikely to receive it, no matter how much I complain to the media about it. Oh sure, we can make the boss look like a bad guy, Attila the Hun, Hannibal, etc but he or she still wouldn't have to give me a cent. Of course if the government stupidly then stipulates though that because of bad media vibes, the boss and I have to reach a settlement or he gets sacked, of course that gives me a bit more leeway but I know I'm still not going anywhere near 58%. We'd both probably settle somewhere around 10%. After all, 10% is a lot better than nothing.
 
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Kyall said:
They were demanding Lodge payed full amount that’s including judge as well.
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they can demand that ...

but all Lodge had to do was say negotiate or you get zero and there was absolutely no way to force him to pay them a single cent, (unless of course, he decides to move to and work in the US ... a bit hard since he likely has zero chance of getting a green card)
 
He did a pretty dumb thing and Ive done more than my share I can assure you of that, It seems to me there are a shitload of saints here in our country, betcha I meet up with them when I'm trying to get into the devils Mrs pants because I'm tipping most of them will be joining me.
Hopefully this will get ALL the sanctimonious bastards off his back.
 
Foordy said:
you can get a 300k loan on a salary of 60k ... trust me ... and 60k is half the NRL minimum.

it is also not like the victims were negotiating from a position of strength, as they had no legal way to make Lodge pay a single cent ...

it wouldn't surprise me in the least of the settlement was a third of the original judgment
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House loan, yes, as long as it’s secured by property. But not for something like this.
 
Foordy said:
you can get a 300k loan on a salary of 60k ... trust me ... and 60k is half the NRL minimum.

it is also not like the victims were negotiating from a position of strength, as they had no legal way to make Lodge pay a single cent ...

it wouldn't surprise me in the least of the settlement was a third of the original judgment
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Im no financial expert but I think youd need a fair bit of savings and in a permenant (not contract) job to get that loan with that income
 
I would say Brisbane went guarantor on the loan. Held the press conference to tell the world 'Hey Matt Lodge is paying his dues'. Expect Matt Lodge to be a Bronco for a few years.
 
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