Agreed. Not to mention they are likely going to need a huge amount of PPV buys relative to what current pool events are bringing in.
Just some napkin math, 48 players x 1000k/wk = 48k/wk x 26 weeks = approx 1.2mil.
So.....needed 1.2mil in revenue from tickets + ppv + sponsors.....that's a lot of cheese to get out of pool spectators and sponsors.
I'd imagine they need at least 5,000 people to buy season PPV passes along with tickets and other things to break even.
Again this is just napkin math. Hopefully they've done their homework and did the required market research that shows its possible. From just an outsider's prospective of what I've seen so far, it looks more like they raised a lot of money with a pipe dream and don't really know if what the probability % of it working out is.
Hopefully I'm wrong.
This is what tilts me. The math. Take your 1.2 million and add the million dollar prize fund plus rent,production costs, insurance, utilities and all the other costs of operating a 13,000 sq ft venue.
Its a $2 million dollar season on the low end. There is NO SHOT to cover the nut let alone ever actually make money. But hey....its nothing new in pool. Dude gets some money, does everything his way without having a clue what he's doing, messes everything up for a short time then goes bust and is never heard from again. Its the American way. This too shall pass.