TV money is there, it's just allocated to everything BUT the future of the Game.
I know this business from the inside, I ran many tournaments at CJ's, and did a few for the PCA as well with ESPN and Jay Helfert in LA. We never tried to make money, our incentive was to do the TV Presentation and make money of residual income. I generated millions as a result of my participation, not just for myself, but for MANY other people and businesses. 50 Million total in pool related businesses (that's public record).
My point is the prize fund is just a small portion of what's available when you are getting TV involved to get to the mainstream public. As a result of the TV Shows we did in the 90s pool related businesses and ESPN made tens of millions of dollars......this is next to nothing now.
If 500 people go to a pool tournament (players and fans), and average spending $1500 apiece that's $750,000 and the tournament pays back $300,000 that's a Negative $450,000 Net loss to the pool players and fans. The promoter, hotel/casino, airlines, gas stations/restaurants split up the $450,000 in one way, shape or form.
In this scenario everyone wins except 70% of the Pro Players because the prize money only pays 30% of the players (at best). I'm figuring in some spectators on the "500 people scenario" to just make a point that the TV money is there, it's just allocated to everything BUT the future of the Game.
My point CJ is, Greg Sullivan ran DCC for years while not making anything. Yes, he does well on it now.
For that reason, he has my respect and gratitude.
You say its not nearly as difficult as some would lead you to believe, but I have only seen Greg do it and do it well.
The US Open? nope.
Ken
I know this business from the inside, I ran many tournaments at CJ's, and did a few for the PCA as well with ESPN and Jay Helfert in LA. We never tried to make money, our incentive was to do the TV Presentation and make money of residual income. I generated millions as a result of my participation, not just for myself, but for MANY other people and businesses. 50 Million total in pool related businesses (that's public record).
My point is the prize fund is just a small portion of what's available when you are getting TV involved to get to the mainstream public. As a result of the TV Shows we did in the 90s pool related businesses and ESPN made tens of millions of dollars......this is next to nothing now.
If 500 people go to a pool tournament (players and fans), and average spending $1500 apiece that's $750,000 and the tournament pays back $300,000 that's a Negative $450,000 Net loss to the pool players and fans. The promoter, hotel/casino, airlines, gas stations/restaurants split up the $450,000 in one way, shape or form.
In this scenario everyone wins except 70% of the Pro Players because the prize money only pays 30% of the players (at best). I'm figuring in some spectators on the "500 people scenario" to just make a point that the TV money is there, it's just allocated to everything BUT the future of the Game.