Is the APA still making a decent profit?

C

cluelesscuer

New member
I think a lot of us tend to criticize the APA. But my question is do they still make a good profit (is there business gaining or losing).

I guess I am asking this question because we all tend to have our points of what they could better...but why should they, if they are making $ (this is not a moral question, just a business question)
 
Yes, and the draw of Vegas lures in folks willing to overlook all the flaws in their system that other, newer leagues have made strides in fixing within their own. To be honest, I really wish they would struggle a little bit so that maybe they would take a look at their structure and fix some things. I might go back and play again if they were to do that.
 
I think I was wondering if they were going up or down relative to their prior years. Obviously, they must be doing well enough to stay in business.
 
Despite all the bashing, they are still the biggest. They have a strong foothold in many areas. I think this napa league is going to take off.
 
APA Profits

Once a league gets to a certain size it becomes really profitable just based on the cummulative weekly fees. Just add up the number of teams playing per night and do the math. This allows them to pay more during city and trip cup as well. I think APA national skims $2.50 per player per match. Here in Austin, we pay $7 per match and the room doesnt charge green fees. I think they run 12-14 teams at least 5 nights a week and some are double jeopardy so the two teams that match up play both 8 & 9. There are three or four halls doing the same thing so you can imagine how large the pot really gets.
 
RFranklin said:
Once a league gets to a certain size it becomes really profitable just based on the cummulative weekly fees. Just add up the number of teams playing per night and do the math. This allows them to pay more during city and trip cup as well. I think APA national skims $2.50 per player per match. Here in Austin, we pay $7 per match and the room doesnt charge green fees. I think they run 12-14 teams at least 5 nights a week and some are double jeopardy so the two teams that match up play both 8 & 9. There are three or four halls doing the same thing so you can imagine how large the pot really gets.
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Bar owner at the place we shoot out of said the APA also charges them a fee for having teams out of there.
 
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APA makes a ton of money. They have sweetheart deals with the casinos too for bringing in thousands of fish and filling the rooms. If they don't clear 20 million they are doing something wrong. I mean what expenses do they have? They don't sell a product. They sell a game.
 
ChicagoJoe said:
Bar owner at the place we shoot out of also the APA charges them a fee for having teams out of there.
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I don't think the host gets charged directly. If the did, there would be no APA. National takes a small cut of your weekly fees and the 25 dollar yearly dues. And if it was true, the host certainly wouldn't offer bar rounds to players or open the tables for league play. If I owned a bar, I certainly wouldn't under those circumstances.
 
takeitdown said:
APA makes a ton of money. They have sweetheart deals with the casinos too for bringing in thousands of fish and filling the rooms. If they don't clear 20 million they are doing something wrong. I mean what expenses do they have? They don't sell a product. They sell a game.
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Hey, they have to pay for those fancy satin jackets and other swag that they give away every year in Vegas ;). And they actually do sell stuff. Those patches arent free to the league operators and you would be suprised how much of that APA crap gets sold out of the catalogues.

Also, in our area if the bar owner charges a green fee, the operator passes the cost to us so that $7 a match goes to $8.
 
RFranklin said:
Also, in our area if the bar owner charges a green fee, the operator passes the cost to us so that $7 a match goes to $8.
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Interesting. In our area, any greens fees are paid by the teams directly to the bar, pool hall, etc.
 
smenzel said:
Interesting. In our area, any greens fees are paid by the teams directly to the bar, pool hall, etc.
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Same here. Only 1 bar won't open the table. And its not their call. The owners of the tables (I think Ohio Vending) won't allow it.
 
I've only played in apa and valley so I have a limited exposure. I enjoyed valley better because my friends and I could all play together as we are 6's and 7's apa but I really think the key in my eyes is what the apa does for pool as a whole. It forces a team to bring in new blood to the game and in turn the pool community grows. ...look at it like this, if poker didn't have a HUGE shot in the arm by Internet gambling those years ago or televised moneymaker winning the whole thing where would poker be.....its sliding downward because of lack of internet gambling. ....pool without the new people would just die off....so those new weaker players are needed and the apa does a good job of making you find newbies or quit apa......I prefer other league play but apa does its job
 
I think you can safely ignore pretty much all the replies that try to answer
your question directly.

How would anyone know, except the APA national office?

They're not a publicly traded company so their profit and loss info is private.
Nobody here has that info.

A lot of these answers are based on anecdotes and personal bias.
Just because someone's local league is doing well,
doesn't mean the entire APA is.

That's like thinking "I have to wait in line at my local McDonald's every morning,
their stock must doing well."

They haven't gone under yet, that's a good sign, but for all we know
they could be right on the edge of it. Or it could be record profits this year.
Who knows? You could try calling them I guess but you'd need
a pretty good story to get a straight answer about their financials.
(636) 625-8611
 
You can't get a straight answer from them with a rules question. No way they're answering a one on there financials. Lol


CreeDo said:
I think you can safely ignore pretty much all the replies that try to answer
your question directly.

How would anyone know, except the APA national office?

They're not a publicly traded company so their profit and loss info is private.
Nobody here has that info.

A lot of these answers are based on anecdotes and personal bias.
Just because someone's local league is doing well,
doesn't mean the entire APA is.

That's like thinking "I have to wait in line at my local McDonald's every morning,
their stock must doing well."

They haven't gone under yet, that's a good sign, but for all we know
they could be right on the edge of it. Or it could be record profits this year.
Who knows? You could try calling them I guess but you'd need
a pretty good story to get a straight answer about their financials.
(636) 625-8611
Click to expand...
 
Really? NOBODY but them knows? LMAO You can very accurately figure that the parent company is getting at least $200,000 per week in royalty payments. Take that low estimate times 40+ weeks and you get a ballpark of $8,000,000 in gross royalty revenue annually. They pay out about 1.5 million in prize money at two national tournaments (which are not free to operate). Administrative salaries are likely another couple couple of million (figuring that the brunt of that is coming off the top to the owners and president). That leaves a ballpark estimate of $4,000,000 annually in profit. That would make it quite successful. For anyone who wants to bet that the APA will fold...the window is open. :rolleyes:

Scott Lee
http://poolknowledge.com

CreeDo said:
I think you can safely ignore pretty much all the replies that try to answer
your question directly.

How would anyone know, except the APA national office?

They're not a publicly traded company so their profit and loss info is private.
Nobody here has that info.
Click to expand...
 
cluelesscuer said:
I think a lot of us tend to criticize the APA. But my question is do they still make a good profit (is there business gaining or losing).

I guess I am asking this question because we all tend to have our points of what they could better...but why should they, if they are making $ (this is not a moral question, just a business question)
Click to expand...

Their business model is tops! Where else would someone pay (in my league) $7 per week per league night per session with the hope of winning the only real prize. A trip to Vegas. Our league gives out two trips. One for eight ball. One for nine ball. I did the math. Seems very few other players have or even care. It really is just to socialize. Brilliant!!!!!

Lyn
 
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