this post was submitted on 05 Feb 2024
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I can believe this.
A family friend worked for a major international bank - they did the anti-fraud calls when a card had clearly been skimmed or had been used out of the usual spending pattern. They were assigned to the private banking arm, generally reserved for the rich, famous, or both.
Nine times out of ten, if they called a footballer, they'd end up being put on to their mother who handled the finances.
Smart move, I suppose. If I was a word-class sportsman raking in six figures when I was younger, I absolutely would have pissed it up the wall.
Just look at Michael Jordan. His mother negotiated the everliving crap out of everyone who wanted to be associated with him, and now the dude's still raking in absolutely obscene amounts of money every year without doing absolutely anything at all.
Makes sense. It allows him to focus on his career, while she focuses on everything around him as her full time job.
Although I think this greentext's equivalent wouldn't be possible to the same effect in the USA because MJ doesn't qualify as a dependent so the money that he officially made going to his mother would trigger the Gift Tax essentially taxing his income multiple times.