BOOFHEAD’S BAR AND GRILL

HE’S MY PRIVATE BANKER

WHEN your income triples, so do the opportunities to spend it.

There is no shortage of banks — with private bankers in tow — wanting to lend these players huge sums of dough, to fulfil their Instagram images.

“The average AFL player career is just three years,” says Brad soberly.

“So, yes, technically they can service the debt while they’re playing, but what happens when they stop?”

A financial shirt front. “I’ve seen it too many times,” says Brad. “Plenty of guys I’ve played with end their career with a negative net worth position.” That’s why Brad tells his players there’s only one thing THE final trap for many players — the world over — is that they tend to invest badly.

“They often invest in exotic investments,” says Brad.

Generally, it’s not their idea either.

The one thing I’ve learnt from dealing with professional sportspeople over my career is that there’s always a “bunch of blokes” waiting around to hip and shoulder them into something complex, confusing, and high risk: restaurants, bars, property developments, you name it. And best of all? These high-tax-paying players can be so negatively geared, they’ll be positively screwed!