DIR Return Create A Forum - Home
---------------------------------------------------------
ComeAllWithin (Harlequins Rugby)
HTML https://comeallwithin.createaforum.com
---------------------------------------------------------
*****************************************************
DIR Return to: ComeAllWithin Board
*****************************************************
#Post#: 21640--------------------------------------------------
Re: Saracens Under Investigation
DIR By: Monte
Date: April 12, 2019, 4:57 am
---------------------------------------------------------
--- Quote from: deadlyfrom5yardsout link ---
>
> In which case you need a secondary line of punishment such as
forfeiting points if you are unable to fulfill a fixture or
something similar...?
>
--- End Quote ---
Excellent do you think 35 would do it?
#Post#: 21682--------------------------------------------------
Re: Saracens Under Investigation
DIR By: Quinky
Date: April 12, 2019, 8:38 am
---------------------------------------------------------
--- Quote from: DOK link ---
>
> And they don't see the benefit of their investment now (that
would be salary) it's further down the line (post their time at
Sarries).
>
> I imagine a lot of people come back from a stint with England
or whoever with enough cash to buy a house (or at least put a
deposit down). No problem with rugby players buying houses for
investment there.
>
> It's the Saracens input I wonder about.
> Suppose as a player you have a spare £100,000 (as you do), and
this will get you a house that will improve at 5% of that a year
.
> Now suppose you could buy a house in a CrossRail area, houses
there improve at 20% a year.
> However, you need at least £200,000 to buy one of these
houses.
>
> Sarries go in 50/50 with you for the investment, now you can
buy the £200,000 house.
> Say you have 5 years left at Sarries, on your own you'd have
made £25,000 from your £100,000.
> In the joint investment system you've made £100,000.
> Can that £75,000 extra you've made be regarded as remuneration
from Saracens or just good investment? A helping hand from the
club?
>
> I know in reality you'd probably just pay deposits and take
out mortgages and use one property as surety for another etc..
and I don't even want to think about compound interest.
>
>
>
>
--- End Quote ---
I think the profit would be pro-rated to the share of capital
input. So the £200,000 example would be 50% of the profit each.
I think you need to have a proper look at values though - £100k
might but you a decent garden! ;)
As has been mentioned previously, the joint venture could be an
above board thing - but they also need to look at surveyor's
fees, legal fees, stamp duty etc etc. It may not sound much, but
on a £1 million house that can be substantial - ask Deadly! And
of course they could be getting free business/legal advice,
which really isn't cheap these days.
#Post#: 21753--------------------------------------------------
Re: Saracens Under Investigation
DIR By: Mayor West
Date: April 12, 2019, 3:54 pm
---------------------------------------------------------
I think it’s more likely that the investment from Nigel is never
paid back. In effect giving the players X100K each.
#Post#: 21755--------------------------------------------------
Re: Saracens Under Investigation
DIR By: Rocker
Date: April 12, 2019, 4:19 pm
---------------------------------------------------------
I think it's more likely that Sarries are benter than a 9 Bob
note. 🤬
#Post#: 21779--------------------------------------------------
Re: Saracens Under Investigation
DIR By: deadlyfrom5yardsout
Date: April 13, 2019, 3:22 am
---------------------------------------------------------
I have a Conveyancing Butler to deal with that sort of thing.
*****************************************************
Page 4 of 4
DIR Previous Page