jay helfert said:
Burbank is a great town, with lot of great resturants, etc. That would give me a reason to see how it change from when I went to H/S there.
2009 Los Angeles Open
- Thread starter jay helfert
- Start date
Burbank is a great town, with lot of great resturants, etc. That would give me a reason to see how it change from when I went to H/S there.
jay helfert said:
Wow
I wasn't expecting such a high room night number. 100 per night for 9 nights would be tough IMO at $149 a night.
Is 25,000 sq ft a must? Also does the tournament location have to have an onsite hotel?
Here to hoping you find something better
Frank
frankncali said:
We need a minimum of 15,000 sq. ft. It does not to have a hotel attached. But with the hotel, you have the opportunity to get the ballroom for free.
If I could find a large meeting space that is not going to charge an arm and a leg then that is a possibility.
Im still in for a share but w tax 149 probably becomes $160-$170 nite. If so I just wont pay that much for a tournameent-I never have and Ive been to a few.
'
I'd still come but not staying there-I dont do roomates so Ill be around the corner hotwired somewhere.
Keep bargaining Jay!!!
'
I'd still come but not staying there-I dont do roomates so Ill be around the corner hotwired somewhere.
Keep bargaining Jay!!!
Jay, are you married to LA as the venue?
Why not Vegas? LA and Vegas are practically synonymous these days. Should be easy to find the right venue, and the entrants should find better room rates as a lot of them might have room comps already at the casinos. And remember how much of a blast it was at the Stardust opens.
Why not Vegas? LA and Vegas are practically synonymous these days. Should be easy to find the right venue, and the entrants should find better room rates as a lot of them might have room comps already at the casinos. And remember how much of a blast it was at the Stardust opens.
Vegas is always a possibility. It becomes a very different type of event over there. Yes, we can get more players possibly, but we'll never get the audience or the media attention we can in a major city like Los Angeles. Los Angeles is a special city on this planet, the heart of the entertainment industry. I feel like we should always have an event in New York and Los Angeles. And Chicago too for that matter.
I only have the energy to do one anymore. Someone else will have to produce the others.
I only have the energy to do one anymore. Someone else will have to produce the others.
jay helfert said:Okay here's the deal. I want to produce an All Around event in Los Angeles next year. I feel like men's pro pool needs something. There is a complete lack of quality events for the top men to play in. I mean, after the U.S. Open and DCC, what's left. There are a few good 25K added events put on by Mike Zuglan, Shannon Daulton and Mike Janis, and that's about it. Then you have the regional tours with two to five thousand added events, with the Seminole Tour being the lone exception.
I want to produce a Major tournament in Los Angeles with major prize money. I'm talking $60,000 in added money. It would look something like this.
Bank Pool - $225 entry fee - Limited to 64 players - $10,000 Added
With a full field, first prize would be $7,500
One Pocket - $325 entry fee - Limited to 96 players - $15,000 Added
With a full field, first prize would be $15,000
Ten Ball - $425 entry fee - Limited to 128 players - $25,000 Added
With a full field, first prize would be $20,000
Plus a $10,000 bonus fund that is distributed to the top three players overall.
$5,000 to first, $3,000 to second and $2,000 to third.
It's possible (but highly unlikely) for one player to win $47,500. I wouldn't be surprised if someone wins over 30K though. And several players may win 10K or more.
The entire event would last nine days, with the first five days devoted to Bank Pool and One Pocket. The last four days would be Ten Ball.
I'm projecting an overall budget of $100,000 to stage this event. I would be willing to put up $50,000 of my own money. I need another 50K to pull it off. I am looking for 25 partners to put up $2,000 each. They would each own 2% of the gross revenues the event brought in. Of course someone could buy a larger share. It is basically one point for $1,000.
Now for the risk assessment on this investment. YOU WILL PROBABLY NOT MAKE ANY MONEY! And neither will I. The best case scenario is realistically we break even or make a small profit. And the worst case scenario is you may get back only half your investment.
Projected income is as follows:
Live gate - $40,000 to $80,000. I'm looking at all day passes of $20. And a season pass of $120.
Exhibitor and Vendor income - $15,000 to $30,000. Ten foot booths that rent for $750 each.
Registration fees - $5,000 to $7,000. It all depends on how many players we get in each event.
Hotel rebates - $0 to $10,000. Totally a factor of what I can negotiate. Bottom line, we must get the ballroom for free based on room rentals.
Sponsor income - $1,000 to $20,000. Again dependent on what can be negotiated.
Table rental income - $3,000 to $6,000. This for after hours play on the sixteen tournament tables.
DVD sales - $10,000 to $25,000. There is a cost factor on this, so it is not gross income. Whether I produce the DVD's or have an outside company do it, we will get a piece of this pie.
So as you can see, the worst case scenario is that we all lose some money, me more than anyone else. I don't mind losing a few dollars, but I sure don't want to blow twenty or twenty five thou. The best case scenario is that we all make a few dollars, and put on a helluva event. NO ONE is going to get rich off this one!
Each investor gets two free passes to the event. That's it, sorry. We need that gate! All investors will get a full accounting of all expenses and all income. If it comes in under budget, the left over money will be considered as income. If it goes over budget, that is on me to make up. The investors still own their full shares. All investors will receive their full accounting plus a check within thirty days of the conclusion of the event. Supplemental income on DVD sales will be paid in quarterly intervals.
Investors will not be expected to do anything other than invest their money. The actual organization and conducting of the event will be up to me. Of course if any investors would like to help in some capacity, that would be a welcome bonus for all concerned. We will need personnel manning the box office, the doors and at the tournament proper. The fewer hired workers, the better the bottom line.
Okay first question.
This is a great idea, Jay. Could be a nice 'Encore' performance before your final curtain call in pool and billiards promotion. I don't have much means to commit to a share but should you need volunteers to man tournament stations, please put me down on the list. I'm in the SF Bay Area but I'll fly down there just to help make this thing happen. All I ask is for you to let me know at least a month before so I can make the necessary arrangements. I can do a full or partial volunteering for the event. Thanks and good luck!
fanthom said:
Thanks man, that's great!
Hi Jay!
I love that we have you here in California avidly trying to bring pool back to the west coast with some regularity.
You know that you can count on me to volunteer during your event. I have a lot of experience running tournaments also and would love to be used in more of that capacity vs. just collecting money at the door. But what ever you need, I'll do that!
I have a lot of contacts to the league players/fans in San Diego and will help you with promotion here. I have to tell you that a lot of people do not come to these large tournaments because they do not know about them.
We'll change that.
Just call me and let me know how I can help you promote here in San Diego.
We really need to get some people from the Bay area to chime in and help. There are a lot of players in the San Fran area that do not come down to LA often for our big events. Who do we know up there?
Tina
I love that we have you here in California avidly trying to bring pool back to the west coast with some regularity.
You know that you can count on me to volunteer during your event. I have a lot of experience running tournaments also and would love to be used in more of that capacity vs. just collecting money at the door. But what ever you need, I'll do that!
I have a lot of contacts to the league players/fans in San Diego and will help you with promotion here. I have to tell you that a lot of people do not come to these large tournaments because they do not know about them.
We'll change that.
Just call me and let me know how I can help you promote here in San Diego.
We really need to get some people from the Bay area to chime in and help. There are a lot of players in the San Fran area that do not come down to LA often for our big events. Who do we know up there?
Tina
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girlwon1 said:
Thanks Tina, You will get called!
vagabond said:Now i am guarenteed that i can slip in with out paying at the door.
You never have to pay anyway. You always look like you own the place. :wink:
When Ravi walks in, everyone stops in their tracks, and stares. He looks like a million plus change! :grin:
Vegas and LA are not interchangeable they both have advantages and disadvantages, Jay and I have talked about it alot.
Vegas advantages: Cheap to fly to, cheap rooms, lots of space for tournment.
Vegas disavantages: no gate, no action(casino's get that everytime), everyone was just here for the league shit.
LA advantages: Good gate at the event, no casionos to knock the action(unless its at the Bike or another card room) lots of people in the market that would be good for venors. Closer to the PI to grab a few Asian rim champions.
LA problems: Expensive to fly too, rooms are expensive, Finding the right spot for torunment,
Thats just a short list, I live in both citys(since 93) and know them well, and can make a case for either of them. They are both different and the event would be very different citys. there isnt a advantage of one over another its that close. I would perfer LA, LA needs it, pool needs a presence in LA, there is enough of it in Vegas and fvck the casio's for robbing all the action.
Vegas advantages: Cheap to fly to, cheap rooms, lots of space for tournment.
Vegas disavantages: no gate, no action(casino's get that everytime), everyone was just here for the league shit.
LA advantages: Good gate at the event, no casionos to knock the action(unless its at the Bike or another card room) lots of people in the market that would be good for venors. Closer to the PI to grab a few Asian rim champions.
LA problems: Expensive to fly too, rooms are expensive, Finding the right spot for torunment,
Thats just a short list, I live in both citys(since 93) and know them well, and can make a case for either of them. They are both different and the event would be very different citys. there isnt a advantage of one over another its that close. I would perfer LA, LA needs it, pool needs a presence in LA, there is enough of it in Vegas and fvck the casio's for robbing all the action.
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