Semi pro golfer

Attracting sponsorship

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Just wondered if anyone acts for any of these?

I have a prospect looking to attract sponsorship by offering shares in his potential winnings. Look at similar ones, they are worded as investment opportunities/shareholding etc, but there is no Limited company. So presumably they are personal contracts entered into in a sole trader capacity?  

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By seandrowe
07th Aug 2020 16:31

Yes have dealt with this in the past, it is a personal contract between the individual and the sponsoring company. The company pays a fee (monthly or annually) in exchange for the pro agreeing to attend a certain number of company events and refunding them a %age of their tour earnings. Just need to be certain that the contract accurately defines what earnings are, eg before or after costs (travel, caddy, management, entry fee, local taxes, etc).

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