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Rugby Union
Premiership Rugby / Premiership Cup
Salary Cap Investigations
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<blockquote data-quote="Mr Ruggleby" data-source="post: 984748" data-attributes="member: 41553"><p>I think the reason this is somewhat defensible is because the initial valuation was recommended by an independent adviser (PWC). As part of the investigation, another accounting firm (Deloitte I believe) valued the image rights differently. Because it is not really as tangible an asset as something like property, there is probably a greater degree of subjectivity when it comes to valuation. That said, the investment was still clearly a way of paying him outside of the cap - albeit, it seems, a legal one (had the value not been questioned).</p></blockquote><p></p>
[QUOTE="Mr Ruggleby, post: 984748, member: 41553"] I think the reason this is somewhat defensible is because the initial valuation was recommended by an independent adviser (PWC). As part of the investigation, another accounting firm (Deloitte I believe) valued the image rights differently. Because it is not really as tangible an asset as something like property, there is probably a greater degree of subjectivity when it comes to valuation. That said, the investment was still clearly a way of paying him outside of the cap - albeit, it seems, a legal one (had the value not been questioned). [/QUOTE]
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Salary Cap Investigations
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