A business can't pay out more than it takes in and be successful, it's impossible.
Rodman Wanamaker was not a pro, rather he was a patron and a very fine businessman. If pool had a similar patron that the pros cooperated with pool might (a big "might" imo) have a chance. And to this day the PGA Tour is managed by professional managers :
http://www.pgatour.com/company/executive_bios.html
Yes it is a players organisation but they have the wisdom to hire business pros to run the tour business. It is a model that works, and I hope that some day the pool world will follow suit.
Dave
Pros drive the marketing/advertising, not by being in that business, by representing the products like Tiger Woods, Michael Jordan and some of the top NASCAR drivers make a reported 20 Million + off merchandising alone. However, the guys that write THEIR checks are what we call WEALTHY.....like Chris Rock says "there's a difference between "rich" and "wealthy".....
My points are very simple and it's about the Business Model of pool, that's the root cause of the failure through the years. A business can't pay out more than it takes in and be successful, it's impossible.....that means it's NOT POSSIBLE!
The Professional Pool example is the "sample example" of this being True.
Take a tournament with 100 Players (I'll use round numbers for this example) that has $50,000 Added (considered a "Major) and a $500 Entry Fee.
The Average Expenses per player is $1000. (room, food, travel, etc) + Entry Fee for a total of $1500 per players which totals $150,000 total to have the tournament.
The Entree fees add up to $50,000 and the added is $50,000 which equals 100k.
This means at the end of the tournament there's a $50,000 Net Loss AND only 16 of these players make their money back and maybe some profit (depending on prize money breakdown)....the higher you finish the more profit you make of course. The top 5 are only ones that make enough to last another month of expenses....maybe.
So the tournament loses 50k and over 70% of the players lose money..AND there's no TV to benefit promoting the Game to the general public... this a GOOD BUSINESS MODEL???.....it's not,
it's a model for failure, and that's what has happened to pool over the last 13 years.....it's been a failure (although some have done well, the majority has not, and the entire industry is down 40% as a result).
Why not take 8 of our most marketable players and add $30,000 with NO ENTRY FEE....the players will make an average of almost 4,000 and you can make first 10k or whatever makes sense, so last place makes at least $1000.
Take the other $20,000 and BUY TV TIME in a barter deal and GET IT ON TV, even if it's local channels and pay professionals to handle the marketing/advertising and "character development". This is what the industry should be doing if it really wants to pull the game out of it's depression....but it doesn't? I wonder why?
It's so simple to do, and at the end of the tournament everyone would be winner and the game would be broadcast out to many people that are unfamiliar that pool's even an entertainment option. DVD's could be made, streaming could be added later, etc.
Of course there's details that I didn't include, however, I could even write this business plan....but I wouldn't, I'd get friends that are attorneys, CPAs and Pro Marketers to do it and make the "Blue Print" as professionally done as possible. I would stick to what I do best....PLAY POOL. If we did this for a year it would have an immediate, lasting effect on the Game........the "Master Game".
Here's a Link to a TV Show like I'm suggesting on ESPN it was a HUGE commercial for Pool
'The Game is the Teacher'