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Posted by: Marlow Nick
Date: 20/12/2019 12:11
He put together investor groupings by saying to his mates "I believe in this, I'm putting a bit of money in, will you join me?" The people he brought in were experienced business people who have helped these inexperienced (in a business sense) rugby players buck the trend of most start ups (which usually go bust) with help and advice well beyond the money (much better than the PRL could do it).
Duncan, To my mind putting players in touch with advisors to reduce the risk of start-up failure is to be applauded and for me comes under the category of training/education/advice/non-financial-support. Where I think we're on a slippery slope is when money starts changing hands. " I'm putting a bit of money in, will you join me?" could turn into "if you don't want to put money in then what if I gave you money and then you put an equivalent amount in" which risks becoming money laundering to get round the cap - and increase the temptation to use one of the current loopholes which might be already being used by some clubs.

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