frankncali said:
Mike
Turning $1,000 into $4,000 in four years is a good return. No doubt.
Whats the risk? If its really high then maybe the 3k profit isnt worth the risk.
What have you got on your mind???
Ahhhh, the question I have been waiting for.
Total Revenues = $1,699,100
Total Expenses = $1,161,450
Projected Profit over 5 Year Period = $537,650
The above represents the projected Revenues, Expenses and Profits over a 5 year program for pro pool.
When I approached the BCA regarding this proposal it did not include any profits. The profits were to go back into the program to keep the US Pro Tour in operation. That's probably why they didn't want to do it. However, If I had to seek outside funding there would be a need to show a profit and pay a return on an investment.
The figures are based on my proven track record of promoting and directing events and based on what I know the minimum revenues to be from such a program.
Anyway, this would need 60, $1,000 contributors to get off the ground. I will be putting up $120,000 and I need another $60K to guarantee it's success. I might reach this goal on my own by next summer but I sure would like to get it off the ground sooner than that.
If you have read my previous posts about my new system for Pro pool you know what it is about. If not, you may want to do some research on the subject.
Additionally, I can not guarantee that this will not lose any money but I can give my personal guarantee that if anyone who is interested in starting this system with me that I will guarantee 100% of the monies from any future income I make in my lifetime. You can look at it like this. If this program does not work and it loses all the money you would be guaranteed by the future revenues from the Viking cue 9-Ball Tour of which I am the sole owner.
Right now, I just need the guaranteed cash to get things going.
Based on my projections an investment of $1,000 would create a return of $4,480 over the 5 year period. Even though I will own 2/3rds of the 180 shares I will still split the profits 50/50 with the any partners at the end of the 5th year. After that time everyone will have a choice tostay im at whatever current level it is worth or take their profits, If any and run or take my guarantee if it loses. If at anytime during the 5 years the partners may take their original $1,000 back out as long as someone else or myself is willing to buy it for the $1,000 regardless of what the current value is.
I have in the past done similiar projects like this but only with personal friends. When I started the Tournament Guide Magazine my partner and I at the time both put in $1,000 and my partner received $56,000 profit over the 9 year lifetime of the magazine. Also, when I started the Buckeye Pool League my partner Ritchie "Rockin Ritchie" Madison bought in for $3,000 but after the 1st year I bought him out for $36,000.
According to the Securities and Exchange Comission I can not ask anyone to invest in this venture. So I am not asking you to invest in this.
However, if something like this peeks your interest and you want to get involved there is nothing stopping you from contacting me.
Thanks, Mj
Mj
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