Accounting:
• Michael Williams
• William Tuffley
Financial & Investment:
• Don Chandler
• Angus McMaster
SMSF, Financial & Protection:
• Toby Winten
Legal:
• Clinton Mohr
• Scott Keddy
Shaquille O’Neal spent his first million dollars
within 30 minutes of joining the NBA.
“It is not about how much money you make. The
question is are you educated enough to KEEP it.”
• After a call from his Financial & Legal Advisers
Shaquille O’Neal realised the importance of advice
and education.
• He is now the joint owner of:
• 155 Five Guys Burgers restaurants
• 17 Auntie Annie’s Pretzels restaurants
• 150 car washes
• 40 24-hour fitness centres
• a shopping centre
• a movie theatre
• several Las Vegas nightclubs
• In addition, he still earns US$22million a year from
his endorsement deals and as studio analyst for TNT.
STAYING AHEAD OF THE GAME
A study in the U.S. found that the average professional athlete will make more
in one season than the average person would earn in their entire lives.
However, despite this, 78% of NFL players, 60% of NBA players and a very
large percentage of MLB players (4x that of the average U.S. citizen) file
bankruptcy within five years of retirement. (Wyatt Investment Research
(25/03/2013).
Five
Reasons
Professional
Athletes
Go
Broke,
http://www.wyattresearch.com).
This is mainly due to the following:
• Overspending
• Career duration
• Lack of finance knowledge
• Poor investment decisions
• Choosing the wrong people to provide them with financial advice
GETTING STARTED EARLY!
GETTING STARTED EARLY!
GETTING STARTED EARLY!
https://www.moneysmart.gov.au/tools-and-resources/calculators-and-apps/compound-interest-calculator
OUR PURPOSE
ATG Sports Wealth Advisors has been established to provide:
• services and advice for professional sports men and women,
at the beginning, during and beyond their sporting careers.
Our aim is to:
• Focus on moving away from the traditional ‘Sports
Management Firm’;
• Focus on your accounting, financial and legal matters while
you focus on your sporting career;
• Prevent costly mistakes
• Guide you in your financial decisions not make them for you;
• Help at any stage of your sporting career all the way through
to working life and beyond.
HOW WE LINK TOGETHER
• Professional, qualified, registered and interested
• Objective, independent advice
• Choice of the advice you require – ATG team
and/or individual adviser(s)
• Cost is fee for service, not commission based
• Checks and balances with four advisers, across
four specialty areas, so your wealth creation
systems align
CASE STUDY
Initial contract
$100,000 per
year for 3 years
Deposit on
house &
investment in
share portfolio
Deposit on
overseas house &
start renting rent
out local house
Overseas IP deal
with HSBC
$200,000 per
year
Move back into house,
sell overseas house
and deposit on holiday
house
Career
beginning
IP deal with Nike
& Powerade
$100,000 a year
Retirement
Contract
renegotiation
$250,000 per
year for 2 years
Set up
SMSF
Overseas
contract
$500,000 per
year for 3
years
Move home for
final contract
$200,000 per
year for 2 years
Purchase and
set-up local
business (i.e.
coffee shop)
Get Married
CASE STUDY – THE RESULT!
• With no tax planning and investment over a 10 year career:
Year
1
2
3
4
5
6
7
8
9
10
11
Total
Contract
Income IP Income
Tax
100,000
-26,447
100,000
100,000 66,547
100,000
100,000 66,547
250,000
100,000 - 136,297
250,000
100,000 - 136,297
500,000
100,000 - 252,547
500,000
300,000 - 345,547
500,000
300,000 - 345,547
200,000
300,000 - 206,047
200,000
300,000 - 206,047
2,700,000 1,700,000 - 1,787,870
4,400,000
Living
Net
36,777
36,777
66,727
66,727
66,727
66,727
- 106,852
106,852
- 106,852
106,852
- 173,727
173,727
- 227,227
227,227
- 227,227
227,227
- 146,977
146,977
- 146,977
146,977
- 146,977 - 146,977
- 1,453,042 1,159,089
CASE STUDY – THE RESULT!
• With gearing investment and tax planning over a 10 year career:
Deductible
Contract
Investment Investment
Loan
Year Income IP Income Income
Growth
Interest
1
100,000
1,400
2,450 1,075
2
100,000 100,000
5,876
10,284 4,510
3
100,000 100,000
12,459
21,803 9,562
4
250,000 100,000
21,883
38,296 16,795
5
250,000 100,000
34,547
60,457 26,515
6
500,000 100,000
51,624
90,341 39,621
7
500,000 300,000
77,331
135,329 59,351
8
500,000 300,000
110,237
192,915 84,607
9
200,000 300,000
144,390
252,683 - 110,820
10
200,000 300,000
179,965
314,939 - 138,123
11
200,243
350,424 - 153,686
Total 2,700,000 1,700,000
839,955 1,469,921 - 644,665
6,065,211
Contract
Tax
Other Tax
26,447 98
26,447 30,410
26,447 30,869
89,797 31,526
89,797 32,410
- 206,047 33,601
- 206,047 95,394
- 206,047 97,689
66,547 - 100,071
66,547 - 102,553
13,967
- 1,010,170 - 568,587
- 1,578,757
Living
36,777
66,727
66,727
- 106,852
- 106,852
- 173,727
- 227,227
- 227,227
- 146,977
- 146,977
- 146,977
- 1,453,042
Investment Investment
Instalments Balance
35,000
37,775
72,000
121,425
72,000
218,125
120,000
381,509
120,000
569,998
186,000
858,342
276,000 1,287,651
276,000 1,782,196
192,000 2,260,449
192,000 2,809,230
3,206,211
- 1,541,000
Net
42,229
137,492
246,782
426,718
639,429
961,312
1,436,293
1,993,779
2,541,108
3,157,935
3,442,248
3,442,248
WHAT WE CAN DO FOR YOU
Legal
• Contract negotiations having regard to each stage of your
sporting career
• Establishing the right legal structure for optimal taxation outcome
and business succession
• Asset protection & risk management
• Utilisation of your brand & IP
• Third party contract arrangements including sponsorships &
endorsements
• Dispute resolution & mediation
• Wills & estate planning
WHAT WE CAN DO FOR YOU
Accounting
•
•
•
•
Review of current structure(s) & income streams
Set-up & implement new structure(s) including SMSF
Channel intellectual property (IP) early
Cash flow budgeting & management to create disposal
surplus to invest
• Incorporate & advise on international tax issues
• Prepare financial statements & income tax returns
WHAT WE CAN DO FOR YOU
Financial & Investment
•
•
•
•
•
Customised wealth management & portfolio management
Local & international equities, fixed income and managed funds
Plan your future with SMSF, gearing strategies & other solutions
Local & global research & market insights
Consolidated tax statement & quarterly performance reporting
WHAT WE CAN DO FOR YOU
SMSF, Financial & Protection
•
•
•
•
•
•
Tailored financial advice
Investment & lending solutions
Beneficial tax minimisation including gearing & SMSF
Strategies to identify potential issues & gaps in income
Protection of income, assets & estate
Passive income strategies during injury & post career