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Posted by: Duncan96
Date: 20/12/2019 12:38
I think where we are departing from each other Nick is that I really don't think it's rocket science during the pre approval process to see whether the shares and loans are on an arms length basis.

Is the percentage of the company being received appropriate for the risk taken? Is the interest rate and security on the loans reasonable? Are the salaries to the players working in the business reasonable?

Those really aren't difficult questions for a professional to determine. If someone really wants to cheat there are a lot easier ways to do it which you've already identified yourself (offshore payments etc).

I've outlined above the very real benefits of allowing bona fide player businesses to be supported by clubs. I can't see that it's in the best interest of the game to prevent it for the reasons you give. Especially as I know from experience that the best, most committed advisors are those who have risked some money in you.

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