Of course at the end of the day he is running a business. Without kids (and their parents) signing up to Ole there is no business.
Ole is a charitable trust.
Excuse my ignorance but what does that mean?
I assume Declan and the other staff are still paid. But there would just be no performance bonuses paid for example?
Works differently to a company structure, where directors are paid director's fees and/or receive share of the profits?
Employees like Declan are just paid a flat wage, regardless of how many students enrol at Ole?
And the students (or their parents) have to pay to enter Ole? It's not free?
Does the trust receive, any transfer fee I wonder by way of Western Suburbs, when a Ole grad sign for an overseas club?
It means it's not for profit. And comes with tax exemptions.