So Barry said to me, "you need to transfer that money into our account to pay the players. You can't have them paid with a check signed by Johnny Archer and Art Wiggins. Everyone will think they are paying with their money."
I said, "That's crazy. Who would think Johnny would take the money out of his pocket to pay. Just let everyone know this is the money that was escrowed in my account and that I transferred down to a joint account of Johnny and Art."
I guess Barry was right.
As I said on another thread, the initial $50,000.00 and most of the entry fees ended up in my account in Chicago to the tune of about. $120,000.00. Some of the money that Barry was going to pay to make up the $100 shortage on all of the early bird specials, was put together by Barry and Shannon and paid to the early outs in cash. We kept an eye on the payouts, made sure the early payouts were done, and then made sure there was enough of our escrowed money to pay the rest of the field. The money was transferred down to a new account opened by Johnny and his business partner, Art Wiggins to handle the payment. It was all entry fee money and added money by Barry.
Great Job by Barry and Shannon setting up the framework to make sure the money was there. Great Job by Johnny and Art keeping an eye on the numbers and making trips to the bank, all while Johnny was going deep into the tournament. :thumbup:
