Problems in the MVP camp?
Posted: Thu Sep 29, 2011 9:10 am
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"It is understood that the current MVP Track Club sets up seed funds from main sponsors Nike - the US-based sports goods manufacturers which also sponsors several athletes at the club - lodged directly to the club's management, which then make the disbursements to the athletes. This disbursement is made after the coach's take - believed in some instances to be as high as 20 per cent - is deducted. This is compared to 10-12 per cent collected by most coaches on the international stage. It is, however, unclear whether or not this 20 per cent includes a five per cent fee that each athlete is required to pay towards the running of the club. It is an arrangement that has caused some athletes to now raise concerns as they are said to be uncertain of their worth and just how much they are raking in."
"It is understood that the current MVP Track Club sets up seed funds from main sponsors Nike - the US-based sports goods manufacturers which also sponsors several athletes at the club - lodged directly to the club's management, which then make the disbursements to the athletes. This disbursement is made after the coach's take - believed in some instances to be as high as 20 per cent - is deducted. This is compared to 10-12 per cent collected by most coaches on the international stage. It is, however, unclear whether or not this 20 per cent includes a five per cent fee that each athlete is required to pay towards the running of the club. It is an arrangement that has caused some athletes to now raise concerns as they are said to be uncertain of their worth and just how much they are raking in."