Just to clarify, no tentative start date has been set, nor will it until construction is back on schedule.
Bonus Ball
- Thread starter CrossSideLarry
- Start date
Just to clarify, no tentative start date has been set, nor will it until construction is back on schedule.
This is what I have been thinking, along with many other mid-level tournys.
Here I disagree. They can schedule on top of anything they want to IF they have the revenue stream and prize fund to back it up. Then they would become the new game in town, and others would schedule around them. For example, if a new IPT-like tour came out with an actual revenue stream and started offering six-figure payouts for first place, everyone would flock there.
The difficult thing is coming up with the money in a way that is believable. You can't just promise a prize fund. Anyone can look at Bonus Ball and see that there's no revenue source to justify the numbers they are throwing around. It's the IPT all over again.
If they had come out six months ago and said that they would start on May 2nd, then other promoters would have had a chance to schedule around them.
On this kind of short notice, I seriously doubt that any of the other promoters are in a position where they can reschedule if Bonus Ball does start on May 2nd. A world championship (or any of the other majors that I listed) is not a simple event in a pool room. A lot of organizing and planning has to go into one of these events.
I appreciate Nathan's note that nothing is set in stone as far as scheduling, but we have all seen the players talking about it on Facebook.
I just hope that someone reminds Larry that there is more to professional pool than purple and orange balls.
Mike
On this kind of short notice, I seriously doubt that any of the other promoters are in a position where they can reschedule if Bonus Ball does start on May 2nd. A world championship (or any of the other majors that I listed) is not a simple event in a pool room. A lot of organizing and planning has to go into one of these events.
I appreciate Nathan's note that nothing is set in stone as far as scheduling, but we have all seen the players talking about it on Facebook.
I just hope that someone reminds Larry that there is more to professional pool than purple and orange balls.
Mike
Jennie... how life changing was it for those who zoomed up credit cards and personal loans to pay their entry fees into qualifiers to nowhere? How life changing was it for those who broke their family's bank to enter the qualifier, WIN it...and then couldn't even get their money back?
Care to guess how many vendors took a lump on the head?
I know you always stick up for KT because some players made money, but it's a better position to say "I am grateful some players got lucky and made money, but KT was still a thieving creep." For some reason, you defend this POS scumbag, but it's always for the wrong reason....$$$.
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Care to guess how many vendors took a lump on the head?
I know you always stick up for KT because some players made money, but it's a better position to say "I am grateful some players got lucky and made money, but KT was still a thieving creep." For some reason, you defend this POS scumbag, but it's always for the wrong reason....$$$.
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While Kevin was definitely responsible for an influx of money into the pro pool scene, Spidey points out the other side of the coin very well.
Not to mention the pro players that bought into the whole "three year" thing and planned accordingly. When Trudeau pulled the rug out from under everyone, I imagine quite a few of the top players were left owing money on purchases with no IPT money to help pay those bills.
Mike
Not to mention the pro players that bought into the whole "three year" thing and planned accordingly. When Trudeau pulled the rug out from under everyone, I imagine quite a few of the top players were left owing money on purchases with no IPT money to help pay those bills.
Mike
I understand that you feel ripped off. I get that. Really, I do.
But there are some who did not feel ripped off and in fact enjoyed the ride on the IPT train while it was on the tracks.
If I was on the receiving end of expending money and not getting paid, I would be pissed, but this didn't happen for us. We were treated good. There are other players who were treated good, as well.
Again, I'm sorry you were not made whole, but please allow me to express my thoughts on how the IPT affected us. Keith said it was the best pool tournament he had ever been to, bar none. Francisco Bustamante said he made more money coming in third place than he did in any tournament he ever shot in his life.
One similarity I see with Bonus Ball and IPT is that when Kevin Trudeau was confronted by the WPA to pay the sanctioning fee, he didn't buy into it, didn't want to be a part of it, felt his IPT tour was fine without it.
Bonus Ball also seems to me moving at a pace that suits them, without recognition of what was in existence before them. The players, sad to say, are going to go wherever the money is. Maybe the Bonus Ball people are doing something behind the scenes that will be magnificant to pool that none of us out of the loop are aware of. If that's the case, I will become a fan. Anything that helps pool move up, they got my vote.
Needless to say, we've got about $3,000 worth of fine suits, leather shoes, neckties, and vests that we purchased for the IPT. They're collecting dust in the closet.
I asked Deno and KT what their budget was numerous times before the Reno event and I was told "no budget- unlimited because that's how rich KT was.". Literally an hour after that, he announced a million dollar increase from $2 to $3M and then didn't pay, at first blaming it on tax reasons, then Ho, then Congress, while the entire thing was likely a money laundering scheme as noted in an FCC court docket.
Jennie... I like ya, buy try to defend people you would want to be associated with, not hardcore criminals. People were trying to cancel charges to their credit cards on services they wanted to end (unsuccessfully) which KT used to pay the pros. So he's a good person and great guy for outright stealing from people to hand out money to your pro buddies? You're defending that? You like defending thieves if their stolen money hits your bank acct?
Too bad the FCC didn't pull an SEC move and freeze all IPT payouts from everyone's bank acct and pool the money and pay it out to those who paid into the Ponzi scheme first.
If they had, and your bank acct hit -$5000, you would be whistling a different tune.
Back to BB...
Nothing about this contractor thing makes sense. Not one thing. I HOPE BB makes it as I want to see them succeed. That said, something isn't normal in the story. Expect it's done and if it happens, it'll be a pleasant surprise for everyone.
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Jennie... I like ya, buy try to defend people you would want to be associated with, not hardcore criminals. People were trying to cancel charges to their credit cards on services they wanted to end (unsuccessfully) which KT used to pay the pros. So he's a good person and great guy for outright stealing from people to hand out money to your pro buddies? You're defending that? You like defending thieves if their stolen money hits your bank acct?
Too bad the FCC didn't pull an SEC move and freeze all IPT payouts from everyone's bank acct and pool the money and pay it out to those who paid into the Ponzi scheme first.
If they had, and your bank acct hit -$5000, you would be whistling a different tune.
Back to BB...
Nothing about this contractor thing makes sense. Not one thing. I HOPE BB makes it as I want to see them succeed. That said, something isn't normal in the story. Expect it's done and if it happens, it'll be a pleasant surprise for everyone.
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So what do you think about the $30,000 Kevin Trudeau gifted to each BCA Hall of Famer for attending one tournament in December 2005, just for showing up? Oh, and they had two byes in the tournament, as well.
Which included Efren getting two byes, and he won it.
I don't know that he stole money from credit cards to pay us. You're saying that. I don't have any evidence of that. I'm in a legal procession, and until I see proof positive, I'm ain't biting.
For that matter, I don't know this Larry guy, either.
I understand that you feel ripped off. I get that. Really, I do.
But there are some who did not feel ripped off and in fact enjoyed the ride on the IPT train while it was on the tracks.
If I was on the receiving end of expending money and not getting paid, I would be pissed, but this didn't happen for us. We were treated good. There are other players who were treated good, as well.
Again, I'm sorry you were not made whole, but please allow me to express my thoughts on how the IPT affected us. Keith said it was the best pool tournament he had ever been to, bar none. Francisco Bustamante said he made more money coming in third place than he did in any tournament he ever shot in his life.
One similarity I see with Bonus Ball and IPT is that when Kevin Trudeau was confronted by the WPA to pay the sanctioning fee, he didn't buy into it, didn't want to be a part of it, felt his IPT tour was fine without it.
Bonus Ball also seems to me moving at a pace that suits them, without recognition of what was in existence before them. The players, sad to say, are going to go wherever the money is. Maybe the Bonus Ball people are doing something behind the scenes that will be magnificant to pool that none of us out of the loop are aware of. If that's the case, I will become a fan. Anything that helps pool move up, they got my vote.
Needless to say, we've got about $3,000 worth of fine suits, leather shoes, neckties, and vests that we purchased for the IPT. They're collecting dust in the closet.
You were treated well with the stolen money from others. Never forget that.
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You are stating it is stolen money from others. I don't know that to be the case.
Where is the Bonus Ball person getting their funds to pay the players? Does it matter? Does anybody care how he made his money?
Maybe it would be fruitful to read his C.V. and bio to get a better picture of what this Bonus Ball is all about.
Kevin Trudeau, like him or hate him, came with a vision to create an international pool tour. It failed. Like any business would do, he went belly up, bankrupt. That's what happens in business. There are no guarantees.
Heck, I don't even know if I'm going to get my Social Security in 3 years. Who should I blame?
The FCC lawsuit, subject to check, had nothing to do with the IPT. It had to do with the infomercials, if memory serves me correctly.
As of August 2012, it was in the Supreme Court ---> HERE
JAM, I get where you're coming from. Let's assume KT had the best of intentions (which is doubtful) going in. He put all his eggs in one basket (Ho & online gambling) and when that fell through, it would seem that priority one was saving his own ass and players got burned, and as much as we want to know the why it really doesn't matter. What happened to the IPT was the last thing pool needed and the blame clearly falls on KT's shoulders, be it for some combination of dishonesty and incompetence.
No matter what the whole story is, there was a right way things could've went down and a wrong way. KT chose the wrong way, and for that he will be persona non grata in the pool world for a very long time.
No matter what the whole story is, there was a right way things could've went down and a wrong way. KT chose the wrong way, and for that he will be persona non grata in the pool world for a very long time.
I understand what you mean, for sure. I can't tell you how many bankruptcy transcripts I have read. The parties involved seem like such good people, but their business venture went sour. Sometimes it can be things that they have no control over. Each situation is different.
I just don't see how anyone, unless they are in Kevin Trudeau's inner circle, can claim to know why the IPT went under. After expending several million dollars into it, I find it hard to believe that he deliberately, with malice aforethought, went out for these pool players and pool vendors with the sole mission of ripping them off.
But this thread isn't about Kevin Trudeau. The comparison of the IPT and Bonus Ball is an interesting one as it pertains to how they are interacting with the existing pool establishments.
It lists it as a laundering scheme. Swell guy, eh?
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There's a few affluent pool personalities today who most definitely accumulated their riches from avenues which might not seem kosher. Nobody says a peep to them for fear of getting verbally shot full of holes like Swiss cheese on this forum.
I guess it depends on which side of the fence you sit.
There's a few affluent pool personalities today who most definitely accumulated their riches from avenues which might not seem kosher. Nobody says a peep to them for fear of getting verbally shot full of holes like Swiss cheese on this forum.
I guess it depends on which side of the fence you sit.
Well, it really shouldn't JAM.
The fact that an illegal or immoral act was formerly made by one or several individuals or groups, regardless of whom, when, or where it was made, does not excuse, permit, or justify, the same illegal and/or immoral act from being made by another individual or group, especially when one person benefits from the harm done to another. Truth, legality, and morality do not change dependent upon "which side of the fence you sit" they are constant, and using that reasoning as an argument or belief system is equally irrational, immoral, and totally invalid.
Sorry, JAM, but although I usually like/enjoy/agree with most of what you post here, this one is just plain wrong.
Sometimes we are either too close or two far from the forest to see all the trees.
J
Let me ask for a clarification then, please.
Would you participate in a pool event funded by anyone who acquired their funds illicitly? I'm reading those words you wrote: truth, legality, and morality.
He gave with one hand and took with the other! Even in Ponzi schemes there are lucky ones who come in early and benefit at the expense of others who come in later. But you know that already and yet you chose to defend him. Trudough is a convicted criminal who has continually skirted the law in one enterprise after another. The IPT was no different. He left many people holding the bag; stiffing hotels, vendors, officials, staff, and yes even the players.
I'm still waiting for the $2,000 I paid for an entry fee into an event that never happened. There are many others like me that more than make up for the $30,000 he paid to a handful of players. Do you have any idea of how many civil suits there were after the demise of the IPT because of the unpaid bills? Trudough has a magnificent way of using the court system to his advantage. You of all people should know about this. Will I go to the trouble to sue for $2,000? No, and Trudough knows that most people like me won't go to the trouble either. Yeah he's a great guy! Thanks for constantly reminding me of that.