Sports Prize Money - How to bank...?
Discussion
Just a thought I had, does anyone know how people receive the money from large scale sports events.
With the US Open paying $2.5 million to the winner and that golf tournament $10 mil, I assume they don't get a cheque and pop down to their local branch, nor a briefcase full of 50s.
Anyone have any clue?
With the US Open paying $2.5 million to the winner and that golf tournament $10 mil, I assume they don't get a cheque and pop down to their local branch, nor a briefcase full of 50s.
Anyone have any clue?
king hell.Along slightly similar lines it did get me thinking what happens to the cash...
- presumably she has some sort of company that it gets paid to
- presumably fees/wages are then paid out of that to trainers, physios, image consultants etc
- I was also wondering whether the associations that support people going through the ranks get anything from it, whether there's anything written into the memberships that x% of winnings gets paid back to them
Only idle curiosity of what it must be like to have £1.8m land in your lap, and then see what may be a large %age evaporate (just like when you get paid and HMRC do their grab in a more normal job
).
- presumably she has some sort of company that it gets paid to
- presumably fees/wages are then paid out of that to trainers, physios, image consultants etc
- I was also wondering whether the associations that support people going through the ranks get anything from it, whether there's anything written into the memberships that x% of winnings gets paid back to them
Only idle curiosity of what it must be like to have £1.8m land in your lap, and then see what may be a large %age evaporate (just like when you get paid and HMRC do their grab in a more normal job
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