Author Topic: The Casey Fishhead Just Keeps On Rotting / AFL probes Tigers' property dealings  (Read 4792 times)

Offline mightytiges

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Since when has any INVESTMENT of this type - being property development had a Guaranteed profit? Investment always has risk, sometimes you win, sometimes you lose, whether its the stock market or property prices or collecting stamps lol ...its dependent on market conditions, supply and demand, and in the case of property, it requires a buyer to love your property - especially if you want a premium price. Or is this wrong?
Not related to this but some developers mention specific rental returns when selling new estates. I guess it still is buyer beware but may be if these returns are never realised then the buyer can take legal action against the developer for false promises. In any case this has nothing to do with the RFC so Barrett harping on about our salary cap in every article he writes about this is a load of crap.
All you touch and all you see is all your life will ever be - Pink Floyd

Offline one-eyed

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Clinton Casey set to settle (Herald-Sun)
« Reply #46 on: March 06, 2011, 04:22:06 AM »
I couldn't find this on the net so I typed it in.


Casey set to settle
By Craig Hutchison, additional reporting Julian Bayard
Sunday Herald-Sun
06 MAR 2011, Page 70



THE legal battle between former Richmond president Clinton Casey and ex-Tigers Matthew Richardson, Nathan Brown and Kane Johnson appears to be over.

The former players have been in dispute over a property deal signed when Casey was president at the club.

It is understood Casey has agreed to a settlement with each player, believed to be in excess of six figures.

When contacted, Richardson said the issue was private and refused to make any comment.

The long-running saga has been investigated by both the club and the AFL.

Several clubs raised concerns over the deal's potential salary-cap breaches.

It is understood the AFL notified Richmond there hadn't been any breach of salary cap rules in regards to the dealings.

AFL investigations manager Ken Wood scrutinised the deal closely in 2009.

The pursuit of the six-figure sums by Richardson, Brown and Johnson came after the players were involved in investments in a Casey-owned Torquay resort.

Casey was president of Richmond from 2000-05.

Brown and Johnson could not be contacted.