Scandal AFL auditing third party payments from Geelong

[Freddy Swift]

The article states this bloke was able to secure complimentary tickets to concerts etc. Doesn't that mean the tickets were free, so what would they have been paying him money for?

 

[FootyLad0]

I didn’t write anything about drugs. I’m just surprised he’s got such a penchant for events. 125 phone calls to the social coordinator would suggest an obsession with live gigs.

125 phone calls over a 2 year period (735 days roughly) with an events coordinator is not that much. there's 365/366 days in a year.
If you're in charge of a football list and dealing directly with AFL, AFLW, VFL, VFLW. That's how many players total?
Not to mention coaches, coaching staff, club staff etc.

63 calls per year (roughly) roughly 5 phone calls a month, roughly 1 call per week.
With a person dealing directly high up in management dealing with social and event management in which player welfare is a priority?
That's pretty standard in business.

And you made the assumption that every single call was to book an event or social outing and not just chit chat which, surprise surprise people do.

 

[Obeanie1]

The article says it so often it feels like they want you thinking that probably a shitload of improper things happened.

Using money stolen from charity to buy pubs and farms would surely trump Elliott's brown paper bags.

Sounds more like money stolen from a charity being used for purchasing fun tickets for Geelong players.

And the players hooked in big time.

Wonder if the players put everything on the gifts register?

Ex Geelong president now Chairman n of rhe AFL. So Geelong won't be getting any more audits.

All good down there.

 

[HairyO]

Sounds more like money stolen from a charity being used for purchasing fun tickets for Geelong players.

And the players hooked in big time.

Wonder if the I put everything on the gifts register?

Ex Geelong president now Chairman n of rhe AFL. So Geelong won't be getting any more audits.

All good down there.

Easiest solution to a club rorting is to make their boss the AFL boss. Risk free.

 

[Xtreme]

Is there anything that's above board at Geelong ?

 

[sosos]

Is there anything that's above board at Geelong ?

 

[1990crow]

Is there anything that's above board at Geelong ?

The AFL board is above the Geelong board, but its mainly just ex-Geelong people anyway.

 

[frggr]

The AFL board is above the Geelong board, but its mainly just ex-Geelong people anyway.

Geelong run the whole show. Just ask the Richmond board

 

[King Huskii]

Geelong run the whole show. Just ask the Richmond board

You guys are corrupt and get away with it

 

[frggr]

You guys are corrupt and get away with it

Absolutely.

That's why we've won two of the last 3 flags from 3 appearances and are being gifted academy talent as well as Father/Sons up the wazoo

 

[King Huskii]

Absolutely.

That's why we've won two of the last 3 flags from 3 appearances and are being gifted academy talent as well as Father/Sons up the wazoo

That's the AFL with their NEPO baby northern academy clubs.

You guys get to pay players outside the cap unlike most other clubs to continuously attract big name players

 

[frggr]

That's the AFL with their NEPO baby northern academy clubs.

You guys get to pay players outside the cap unlike most other clubs to continuously attract big name players

Big name players like James Worpel?

 

[King Huskii]

Big name players like James Worpel?

They don't call your club the cotton on kings for nothing. Plus farmland on the side for a cushy retirement

 

[Xtreme]

You guys are corrupt and get away with it

Geelong make a certain current US president look squeaky clean!

 

[jwikked]

Curious if any of Geelongs current players have the same kind of loan arrangement that Joel Selwood had with a wealthy club backer? One where Joel lent money to him, at a significantly higher interest rate than you'd get from the bank.

I suspect that's outside of the AFLs reach, when it comes to these kinds of audits.

 

[Obeanie1]

Curious if any of Geelongs current players have the same kind of loan arrangement that Joel Selwood had with a wealthy club backer? One where Joel lent money to him, at a significantly higher interest rate than you'd get from the bank.

I suspect that's outside of the AFLs reach, when it comes to these kinds of audits.

It shouldnt be.

 

[MSB ROYS]

Absolutely.

That's why we've won two of the last 3 flags from 3 appearances and are being gifted academy talent as well as Father/Sons up the wazoo

Look over there, it's the Brisbane Lions!

Let's not talk about Geelong's third party payments and their latest GF disappearance.

 

[frggr]

Look over there, it's the Brisbane Lions!

Let's not talk about Geelong's third party payments and their latest GF disappearance.

I think you missed my point

 

[frggr]

Curious if any of Geelongs current players have the same kind of loan arrangement that Joel Selwood had with a wealthy club backer? One where Joel lent money to him, at a significantly higher interest rate than you'd get from the bank.

I suspect that's outside of the AFLs reach, when it comes to these kinds of audits.

What's this arrangement? I've never heard of it

 

[frggr]

They don't call your club the cotton on kings for nothing. Plus farmland on the side for a cushy retirement

I'm sure we're paying James Worpel $2m a year to get him out of Hawthorn but only $450k of it is on the books

 

[King Huskii]

I'm sure we're paying James Worpel $2m a year to get him out of Hawthorn but only $450k of it is on the books

 

[jwikked]

What's this arrangement? I've never heard of it

The $100,000 loan contract between Cats legend Joel Selwood and an accused fraudster

Loan documents reveal a man now under police investigation proposed to borrow $100,000 from Selwood, who would be repaid the principal and interest of $10,000 after eight months.

www.theage.com.au

Geelong legend Joel Selwood was named in a contract as the lender of $100,000 to a club sponsor who is now under police investigation and accused in court documents of fraudulently obtaining an estimated $14.5 million from a charity.

Draft loan documents obtained by The Age reveal the 355-game champion was due to receive $10,000 in interest from the proposed loan in 2013 to Sy Giang Nguyen.

Coincides with his lovely 5 year contract he signed. Perhaps he took less money, in exchange for access to these types of loans?

In 2013, Nguyen made plans for a financial deal with Selwood, who had been appointed captain of Geelong the previous year and had signed a five-year contract extension worth several million dollars.
Loan documents reveal Nguyen proposed to borrow $100,000 from Selwood, who would be repaid the principal and interest of $10,000 after eight months.

No collateral was required under the loan agreement, which was made on November 27, 2013.
“The parties have agreed that no security is required for this loan,” the deed drafted by Nguyen says.

There's a pattern here. Why on earth would anyone take on a loan with those kind of interest rates, when you can get significantly better from the bank? I doubt the AFL can audit players companies.

Another loan agreement also made on November 27, 2013, reveals Selwood’s company, JAMS 14 Pty Ltd, planned to lend $100,000 to a financial planner for an eight-month term with an interest rate of 15 per cent per annum.

 

[Sttew]

The $100,000 loan contract between Cats legend Joel Selwood and an accused fraudster

Loan documents reveal a man now under police investigation proposed to borrow $100,000 from Selwood, who would be repaid the principal and interest of $10,000 after eight months.

www.theage.com.au

Coincides with his lovely 5 year contract he signed. Perhaps he took less money, in exchange for access to these types of loans?


There's a pattern here. Why on earth would anyone take on a loan with those kind of interest rates, when you can get significantly better from the bank? I doubt the AFL can audit players companies.

But where does it say the loan actually took place?

 

[STPer18]

At least the four-time premiership legend Joel Selwood didn't get scammed like Pendlebury and his dodgy loans.

The lawsuit also claims that Mr Sourasis owes Pendlebury $300,000 for a personal loan, which the premiership player said would be paid back in just a day.

Pendlebury claims he agreed to extend the loan by up to 12 months at a 50 per cent interest rate per year, but that it was never repaid.

 

[Mr Meow]

At least the four-time premiership legend Joel Selwood didn't get scammed like Pendlebury and his dodgy loans.

Rorting gone wrong by Pendles. Let's get him a job at Morris Finance. Ideally it would be one not involving financial decisions though.