Geelong captain Joel Selwood has a third-party deal with former Cats president Frank Costa. Picture: Wayne Ludbey. Source: Herald Sun
FORMER Geelong president Frank Costa says he is confident his third-party deal with captain Joel Selwood will be ticked off by the AFL despite the crackdown on the controversial arrangements.
Costa said he was in the process of appointing Selwood a paid ambassador for his land development business Costa Property Group.
Former Cats star Gary Ablett filled the same role before he left for the Gold Coast, with businessman and official Geelong patron Costa saying he had nothing to hide from the AFL.
He said it was logical as a businessman trying to sell land for subdivision that he would hire a footballer who was a "hero" to many Geelong people.
The Herald Sun revealed this week Carlton captain Chris Judd had been told his ongoing $200,000 sponsorship with Visy must be included in the salary cap next year due to the AFL crackdown.
Under new AFL rules, any sponsorship or paid role linked in even a remote way with a club board member, associate or even paid-up member must be ticked off.
"We are quite happy for (AFL investigations officer) Ken (Wood) to come down and look at the contract," Costa said.
"We have nothing to hide or change.
"We have heard they are going to come down and look at everything, but I have got no qualms with what Gary did and I have no qualms about Joel. It will stack up. That is being genuine. We are getting value for money.
"In the Geelong area these boys are heroes of the community. We had Gary Ablett working for us as an ambassador going to openings for us and he absolutely earned his money."
Selwood is known to be frustrated at any insinuation he has done anything wrong with the third-party deal.
The star, who signed a five-year deal with Geelong this season, will not go ahead with the deal if it is ruled contrary to AFL regulations.
"We have to demonstrate to Ken it is worthwhile, and he is a very smart man and he looks at both sides of the equation," Costa said.
"We will show him what the company requires from Joel's services, and what the company is receiving in the way of value for the money we pay.
"It is no different to any event - you go for big names so people come along. The AFL paid $600,000 for Meat Loaf in 2011.
"No doubt when Ken examines all the third-party payments there might be one or two that don't stack up in terms of the value for the company, but this will."
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