Congrats Pat Fleming and Accu-Stats!!

Guys, read the article. BB says it isn't moving. does that sound like a clean deal with BB not having to have anything to say or do with the event? Not to me. The Only thing the tournament has to offer is the name...much like a domain name. Start a North American Open at Turning Stone, same time, spend your money on the purse
 
phil dade said:
With normal owners yes. However, do you think anything with BB would be easy, equitable or fair?
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Well I do see what your saying, but taking it to the extreme the contract could include anything you wanted including Barry agreeing to not be present at event etc. Stiff $$$ penalties could be written in if Barry even tries to not abide by any part of agreed upon contract stipulations. But I agree with the others that are saying Barry prob wants way more money to sell it outright than anyone would want to pay. As far as selling it and taking payments I'm not so sure about that one either. He is getting up there in age, has health problems as he stated, and most of all prob worried about him being the one who gets the shaft this time.
 
Promoter of the most prestigious pro event in the country says he is retiring and Pat is going to run it.

Pat says no details have been discussed and won't comment further.

Gotta just shake your head and laugh. It would be great for the game if Pat was able to do it his way but...Barry is always gonna Barry.

I don't see how it would work. It would surprise me if anyone comes in and does all the work required plus add the money and have to deal with Barry in the background. I just don't see it. If Barry is gonna post the money, get sponsors and deal with the location thats not retirement.

I'm guessing the location is on a year to year deal so that has to be handled. If Barry owns the event he is not letting it get moved away from the area of his pool room. So now the new guy has an event he cant move with no solid location to hold it in.

No one is going to pay Barry anything more than pocket change for the US Open 9 Ball name. All it would get you is the right to risk a shitpot full of money for the chance to break even.

I'm guessing Mikey is right and in the end Pat will say no and you will see Barry make his triumphant return. He may just end up calling it a wrap at 40.
 
I'm still not comprehending the thread title. Congratulations for what?
 
sjm said:
I'm still not comprehending the thread title. Congratulations for what?
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I skimmed over it at first and thought it was a done deal, then when I reread it I noticed "he would like Pat and crew to take it over" hence the edit. Is there a way to change the title? lol.
 
JCIN said:
Promoter of the most prestigious pro event in the country says he is retiring and Pat is going to run it.

Pat says no details have been discussed and won't comment further.

Gotta just shake your head and laugh. It would be great for the game if Pat was able to do it his way but...Barry is always gonna Barry.

I don't see how it would work. It would surprise me if anyone comes in and does all the work required plus add the money and have to deal with Barry in the background. I just don't see it. If Barry is gonna post the money, get sponsors and deal with the location thats not retirement.

I'm guessing the location is on a year to year deal so that has to be handled. If Barry owns the event he is not letting it get moved away from the area of his pool room. So now the new guy has an event he cant move with no solid location to hold it in.

No one is going to pay Barry anything more than pocket change for the US Open 9 Ball name. All it would get you is the right to risk a shitpot full of money for the chance to break even.

I'm guessing Mikey is right and in the end Pat will say no and you will see Barry make his triumphant return. He may just end up calling it a wrap at 40.
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You said it much better and more complete than I did. This is what I was trying to say. Plus you coud never get a contract done with BB, let alone enfroce it.
 
Hence, the buyout.

As you mentioned, the US Open name, itself, only carries so much goodwill premium(probably aint worth much). If a deal were to work, it would have to be backend weighted i.e. a buyout over time, where you pay as you go. It wouldn't hurt if there were certain performance clauses and exit options if certain metrics weren't met.

This would be the only way I would do it. Then again, I'm just armchair quarterbacking this, so who knows?


Eric

JCIN said:
Promoter of the most prestigious pro event in the country says he is retiring and Pat is going to run it.

Pat says no details have been discussed and won't comment further.

Gotta just shake your head and laugh. It would be great for the game if Pat was able to do it his way but...Barry is always gonna Barry.

I don't see how it would work. It would surprise me if anyone comes in and does all the work required plus add the money and have to deal with Barry in the background. I just don't see it. If Barry is gonna post the money, get sponsors and deal with the location thats not retirement.

I'm guessing the location is on a year to year deal so that has to be handled. If Barry owns the event he is not letting it get moved away from the area of his pool room. So now the new guy has an event he cant move with no solid location to hold it in.

No one is going to pay Barry anything more than pocket change for the US Open 9 Ball name. All it would get you is the right to risk a shitpot full of money for the chance to break even.

I'm guessing Mikey is right and in the end Pat will say no and you will see Barry make his triumphant return. He may just end up calling it a wrap at 40.
Click to expand...
 
JCIN said:
Promoter of the most prestigious pro event in the country says he is retiring and Pat is going to run it.

Pat says no details have been discussed and won't comment further.

Gotta just shake your head and laugh. It would be great for the game if Pat was able to do it his way but...Barry is always gonna Barry.

I don't see how it would work. It would surprise me if anyone comes in and does all the work required plus add the money and have to deal with Barry in the background. I just don't see it. If Barry is gonna post the money, get sponsors and deal with the location thats not retirement.

I'm guessing the location is on a year to year deal so that has to be handled. If Barry owns the event he is not letting it get moved away from the area of his pool room. So now the new guy has an event he cant move with no solid location to hold it in.

No one is going to pay Barry anything more than pocket change for the US Open 9 Ball name. All it would get you is the right to risk a shitpot full of money for the chance to break even.

I'm guessing Mikey is right and in the end Pat will say no and you will see Barry make his triumphant return. He may just end up calling it a wrap at 40.
Click to expand...

Bro I talk to Pat...he's one of the busiest guys around. I've asked him this very question a million times and each time he answers exactly the same....a resounding NO! I've been wrong before but directly from Pat's mouth the last time I spoke to him, which was this week, the answer is no he's not going to take that tourney over. The players got paid and that was all he wanted to get done.
 
mikeyfrost said:
Bro I talk to Pat...he's one of the busiest guys around. I've asked him this very question a million times and each time he answers exactly the same....a resounding NO! I've been wrong before but directly from Pat's mouth the last time I spoke to him, which was this week, the answer is no he's not going to take that tourney over. The players got paid and that was all he wanted to get done.
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A lot of us have spoken to Pat, at the local poolhall.

Pat has always said no to buying it outright, but my hunch is that if the terms of the deal were more favorable than, say, a cash-n-carry deal, then he would go for it. If there were minimal upfront cash to be laid out and a multi year buyout based on performance, with Barry assisting in the transition, over several years, then it might make sense?


Eric
 
Dockter said:
So do you guys see the US Open dying here? I know Barry caught a lot of crap but it also can't be easy to make money off these events. Does anyone see someone else picking it up?
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:frown:


Someone might pick it up for a year then it will die.

Then people will be crying because Barry doesn't run it anymore.




.
 
According to the article, Barry announced his retirement from being the promoter. He didn't say anything about giving up his ownership rights to the event.

Maybe he's looking for a partner.
 
Don't forget whomever is taking over is also responsible for the added money.

Dockter said:
So do you guys see the US Open dying here? I know Barry caught a lot of crap but it also can't be easy to make money off these events. Does anyone see someone else picking it up?
Click to expand...
 
Retiring is not giving it up

My own speculation:

1) Pat probably doesn't want the headache of "running" the Open
2) Pat probably doesn't want to BUY the Open
3) Barry probably doesn't want to SELL (thereby giving it up) the Open
4) If what they say is true about the Open "not making money" then who
would want to BUY it?
5) Anyone who took over the "running" of the Open, with Barry still owning it
and in the background, is still liable to encounter what Jay did this year.
 
If the rights to the US Open are sold (however that ends up), I hope the new owner finds every excuse in the book to not pay Barry on time each and every year, if that was their agreement. Pay back's a biatch. :)

This should be interesting to follow.

Dave
 
I predicted this in a post a month before the US Open. It just made sense. I hope Pat picks up the US Open. I'd hate to see the US Open go away.
 
Isn't crux of the matter the added money ?
If new promoter cuts added money to half of less , it may be viable event . But problem then is it will not get much WPA points which will cut the strength of field as few international players will show up. Lesser prizemoney also cuts strength of field as we can see in ongoing All Japan event . Now winners cheque just around $14K and field this year is weaker than past year . Used to be $20K + for winners cheque in past



NYC cue dude said:
IMO, what's happened here is that Barry has picked Pat to manage the event, for him. He may or may not choose to do so. But the event would still belong to Barry.

The only way a new and separate entity gets involved is if Barry decides to sell the US open 9 ball name. Knowing Barry, he thinks the name is worth much more than it is. If he is reasonable, someone will buy it. But at this point, I don't think it's for sale. I think Barry is just retiring from "RUINING" it.
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There fixed it for you :thumbup:
 
efirkey said:
I predicted this in a post a month before the US Open. It just made sense. I hope Pat picks up the US Open. I'd hate to see the US Open go away.
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New traditions start many times . Moving an event to a new venue sometimes kills the feel . If someone started a new event in the center of the country and had a higher payout and scheduled it at the same time as the Open it would effectively kill it . Not everybody is nostalgic and money talks . I don't know anything about BB but if he manages his business this way he might kill any value the event might have for his children .
 
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