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Originally Posted by touring fan01
"The operating fund will cover everything from driver salaries to the cost of running a racing operation, but it will not apply to spending on promotion and marketing."
Well there's a terrific loophole, for a start!
Define "promotion and marketing"?
Let me give just one example; The driver gets paid, say, $100,000 from the team for driving. But he gets paid $700,000 for "promotional & marketing" duties from the manufacturer or sponsor etc.
Or what about this one; Tell me the difference between racing in the championship, or racing for "promotional and marketing" purposes? Some team could say it has a budget of, say, $3 million for competing in the series and another $8 million for competing in a "promotional & marketing" program - which just happens to coincide with the races.
If they think the shrewd operators are going to meekly comply with the "cap", they are dreaming.
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Ross Oakley was involved in the application of the salary cap in AFL & just because you dont believe in it does not mean it wont work.
The wages/promotion issue is addressed by the AFL & policed - go & research its application in the AFL,
google it
The biggest problem for most teams is raising the budget.