U.S Open Escrowed by Accu-Stats

1) so it's basically 90 days prepaid registration/cutoff @ JUL 23?
2) otherwise the "game" changes w/ WPA & Accu-Stats "ägreements"?
3) the hotel isn't a lock till 30 days prepaid?
4) RE: BOA cash pmts - this should be prearranged, so that BOA has enough CASH ON HAND at all times, to PAYOUT IN FULL. period.

PL <---- hates BOA cause they 'can't' cash more than $6K, unless you call the day before to notify.
 
JoeyA said:
Having Pat Fleming involved, IS A GOOD THING.

JoeyA
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I completely agree. If/when they get all the money, we know everyone will get paid.

But they have to get the money first...

Accu-Stats will also be collecting the $75,000 in added money derived from ticket sales, sponsorships, and promoter Barry Behrman.
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If by July 23, 2015, the total of $75,000 in added money is not reached (received by Accu-Stats), the WPA may take the event off its calendar and not sanction the event. At the same time (If that delisting should occur), an accounting of the monies in the account will be addressed and other decisions may be made.
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I wonder what those other decisions will be.
 
JoeyA said:
Having Pat Fleming involved, IS A GOOD THING.

JoeyA
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Of course having Pat Fleming involved is a good thing.

But I am still willing to give away $50 - and will give action to anyone I know - I don't know ideologist.
 
Pat is no dummy.

The success of his product is directly tied to the success of the U.S. Open. I'm wondering (and hoping) Pat strong armed Barry and told him "this is how it's going to be."

Even the two press releases are all telling. Pat gets right to the point. Barry diddle daddles into a bunch of tangents.
 
Well this is good news-not perfect but good. The $1000 entry i think will be a problem and Accu-Stats i guess is the big 'Corporate Sponsor' Barry promised would be issuing the checks this year.
 
Who pays the $75K in added money?


Having Pat collect and distribute the money is very good. This does certainly put pressure on Barry to have all the cash ready on hand to put the actual event on. He can't dip into the player entry fees to make up for any short-term cash flow issues.
 
Cardigan Kid said:
Great to see Pat bring his professionalism to the us open. I'm very confident that some of the best us opens are yet to come now that there will be a sense of security.

Did the entry fee go up or was it always that high?
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It went up. It has traditionally been $500. Last year it went to $750, although they said for a while that it would be $1000, they ended up going with $750, so this is a new high.
 
jeffj2h said:
Who pays the $75K in added money?
.
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That area seems to be a bit problematic-Barry is supposed to give it to Pat out of ticket sales, sponsorship money and Barry himself. In the past BB has said most of the sponsorship money came in AFTER the event so there are still a few issues that could prop up and if half the people who said last year they are never coming back, actually don't come back, there will be a problem there too.
 
watchez said:
Of course having Pat Fleming involved is a good thing.

But I am still willing to give away $50 - and will give action to anyone I know - I don't know ideologist.
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I'd put the appropriate odds at somewhere between 10 and 20 to 1. Let's say 15 to 1. So you'd either have to put up $750 to get $50 or you could get about 3 bucks for your $50 bet.

A bet, by the way, I still wouldn't take. As soon as I put my money up I feel like it's a guarantee the $75k won't be there as promised. The odds don't even matter, my gut tells me I'd be a loser. Maybe I should be the bettor that the money WON'T be there, thus increasing the chances that it WILL, a la Murphy's Law.
 
Nick B said:
Looks like our friend Barry got training wheels and a leash. Let's see if Pat can keep him off the mic and bar.

I could also do without a 30 minute rendition of the National Anthem.


Regards

Nick B
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From Barry directly: It's the U.S. Open & a tradition to sing our national anthem every night & no my friend, you must not be able to tell time. Also, F.Y.I., I only have 2-3 cocktails all day & night but I appreciate your concern.

GideonF said:
This is a very good development and kudos to Pat for stepping up.

However, shouldn't it be clear that if the $75,000 in added money doesn't materialize and/or the WPA points are cancelled, the players have the option of getting their entry fee back?

Gideon<----Hopes the US Open can be saved
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From Barry: The $75,000.00 added will surely be in Pat's account 90 days out as it's been arranged.

watchez said:
I will make a small sweat bet of a friendly $50 that the $75,000 is not in escrow come July.

Any takers?
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From Barry: Why bet small like $50.00? Let's both post $1,000.00 anytime.

jeffj2h said:
Who pays the $75K in added money?


Having Pat collect and distribute the money is very good. This does certainly put pressure on Barry to have all the cash ready on hand to put the actual event on. He can't dip into the player entry fees to make up for any short-term cash flow issues.
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From Barry: No, I will not be able to "dip" into player's entries as the $75,000.00 added & all entries will go directly into Pat's account.

Now that the Open is a max 128 top quality field, having the entry fee at $250.00 more makes sense. Considering the prize fund breakdown as well as paying deeper than any other promoter such as 33rd-48th receiving $2,000.00, double the entry fee. All other promoters having a filed of 128 players only pay through 32 spots.
 
RobertaAgnor said:
From Barry: Why bet small like $50.00? Let's both post $1,000.00 anytime.
.
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last year BB wanted to bet $10k he'd fill the field with a $1000 entry fee. Ahahaha

PS-make sure you squeeze in about 4 extra seats per row in the VIP seats-It's easy money and the customers will still come back.. (Except this one)
 
uwate said:
This is the first ive seen of a 1099 for the larger events. I wonder how that will work out with all the players who get staked.
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Legitimate business ventures pay contractors, this should have been the practice long ago if it wasn't
 
bdorman said:
Well, as we both know, talk is cheap, especially on the internet.

Maybe people will bet V-Cash with you. :D
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I'm not exactly sure what your post here is intending to mean. However Watchez is a stand up guy and can be trusted to pay. Just my two cents in case you thought Watchez was someone who hides behind a keyboard and runs his mouth.. Well he is but that's not the point :) he would make good on the bet if anyone wanted it.

On another not ABR may be back in business this week we got Barry B back in the headlines :) I think he is doing the right thing getting Pat involved who has a reputation that I have never heard anyone say anything bad about him. Maybe that's my interview for this week on ABR? MMMM
 
purpdrag said:
It went up. It has traditionally been $500. Last year it went to $750, although they said for a while that it would be $1000, they ended up going with $750, so this is a new high.
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Yes it is a new high but $1,000 isn't what it used to be.

For the most coveted and prestigious tournament in America, I don't think $1,000 is too much.

Without the higher entry fees, the professional players are playing for crumbs. For those who want a GREAT vacation, a $1,000.00 for entry doesn't seem like a lot of money. And for those who want to put a horse into the race, you know you are at least going to win something decent enough to split up any way you see fit.

JoeyA
 
bfdlad said:
I'm not exactly sure what your post here is intending to mean. However Watchez is a stand up guy and can be trusted to pay. Just my two cents in case you thought Watchez was someone who hides behind a keyboard and runs his mouth.. Well he is but that's not the point :) he would make good on the bet if anyone wanted it.

On another not ABR may be back in business this week we got Barry B back in the headlines :) I think he is doing the right thing getting Pat involved who has a reputation that I have never heard anyone say anything bad about him. Maybe that's my interview for this week on ABR? MMMM
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Watchez already has some questions lined up for the interview. :wink:

Me? Just tell Pat THANK YOU FOR ALL THAT HE HAS DONE FOR POOL and continues to do.


JoeyA
 
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