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Overtime Elite grabs another…
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[QUOTE="Dogdeacon, post: 4032500, member: 1026"] That has parts of a decent argument, although kind of blending three different things: 1) a 'broker' type role of helping one get the best deal, 2) true speculative investment capital and 3) a loan which has defined interest, repayment etc.. Ironically if they were loaning these kids 100K and asking for 15% interest + less than 2yr payback (and they are actually getting wayyyyy more than that) THEN we'd definitely consider it borderline loansharking, usurious and exploitive. The 'obviously' parargraph is where as you say some percentage suffers from unfair trade practices, b/c the 17yr olds aren't exactly going to be business or contract savy and they are negotiating with their purported new adviser. So they'd need to hire a lawyer or some 2nd/3rd advisor to help with the contract. Not sure where that money comes from and opens up yet another person getting a piece of an actual person's earnings. It is exploitive if you negotiate a contract with someone who has no knowledge of what they are signing especially when you are bringing far greater resources to the lawyering & negotiating table to get that contract signed. To restate the player is significantly less sophisticated and the bargaining power is inequitable because OT Elite is the only 'team' paying high school kids 6 figure salaries. [/QUOTE]
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Overtime Elite grabs another…
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