new KT message

J

jamesroberts

"Unheralded Amateur"
Silver Member
Dear IPT Player,

As promised, the December 8th installment of prize money has been sent
out.
We appreciate your patience and support during this time. I thank you
for
all the positive emails and encouragement from many of you IPT players.
Stay
tuned, there will be more news to report soon.

Very truly yours,

Kevin Trudeau, Founder
 
good

jamesroberts said:
Dear IPT Player,

As promised, the December 8th installment of prize money has been sent
out.
We appreciate your patience and support during this time. I thank you
for
all the positive emails and encouragement from many of you IPT players.
Stay
tuned, there will be more news to report soon.

Very truly yours,

Kevin Trudeau, Founder
Click to expand...

If this is true, it is definitely something positive....
 
I still maintain the belief that the IPT in not OFFICALLY dead until KT says it is or until he has sweetened the pot so to speak, to increase his take when he does close up shop.

Steve
 
Fantastic! Great news that the players will receive more of their prize dough from Reno. Better than nothing, IMO.

Martin




jamesroberts said:
Dear IPT Player,

As promised, the December 8th installment of prize money has been sent
out.
We appreciate your patience and support during this time. I thank you
for
all the positive emails and encouragement from many of you IPT players.
Stay
tuned, there will be more news to report soon.

Very truly yours,

Kevin Trudeau, Founder
Click to expand...
 
sde said:
I still maintain the belief that the IPT in not OFFICALLY dead until KT says it is or until he has sweetened the pot so to speak, to increase his take when he does close up shop.

Steve
Click to expand...

Of course not. There is only one thing about KT declaring it dead, can you trust him? Not very likely.
 
jazznpool said:
Fantastic! Great news that the players will receive more of their prize dough from Reno. Better than nothing, IMO.

Martin
Click to expand...

Great news. Now, they can go see Rocky Balboa Christmas Day, alone.
 
Last edited:
jamesroberts said:
Dear IPT Player,

As promised, the December 8th installment of prize money has been sent
out.
We appreciate your patience and support during this time. I thank you
for
all the positive emails and encouragement from many of you IPT players.
Stay
tuned, there will be more news to report soon.

Very truly yours,

Kevin Trudeau, Founder
Click to expand...

If his lips are moving.....you can complete this sentence.
 
sde said:
I still maintain the belief that the IPT in not OFFICALLY dead until KT says it is or until he has sweetened the pot so to speak, to increase his take when he does close up shop.

Steve
Click to expand...

I can go along with that.

The IPT is positively still alive, you can still buy DVD's, or memberships to view future live tournaments, nice shiny IPT equiptment, and even enter $2,000 future qualifiers to nowhere, and their books are still open and showing a few million dollars of active unpaid debt.

It's only the IPT Tour that's dead. That's the joke on the pool playing community that keeps KT laughing with every bank deposit he makes.

Jim
 
jimmyg said:
It's only the IPT Tour that's dead.
Jim
Click to expand...

I know what you mean that the Tour part of the International Pool Tour is dead, but I believe that it is only in a coma. And at some point it will be revived, possibly to include "scheduling" new dates for the cancelled tourneys and "promises" for next year in a attempt to generated more income from qualifiers. Everyone can guess what kt's plan for that money would be.:eek:
Though I seriously doubt that there will ever be another IPT tourney much less a tour, I still hold a faint bit of hope that the IPT can survive.

Steve
 
sde said:
I know what you mean that the Tour part of the International Pool Tour is dead, but I believe that it is only in a coma. And at some point it will be revived, possibly to include "scheduling" new dates for the cancelled tourneys and "promises" for next year in a attempt to generated more income from qualifiers. Everyone can guess what kt's plan for that money would be.:eek:
Though I seriously doubt that there will ever be another IPT tourney much less a tour, I still hold a faint bit of hope that the IPT can survive.

Steve
Click to expand...

My personal opinion really doesn't much matter, the entire issue is between KT and the IPT players.

Personally, I find it impossible to root for anything that KT is connected to, and I can't imagine anyone wanting to get involved with anything having to do with him, especially the already burned players involved with the IPT.

That said, I very much wish that a new reputable, professional tour with livable prize money would be established for the players, one that does not involve KT.

JIm
 
That said, I very much wish that a new reputable, professional tour with livable prize money would be established for the players, one that does not involve KT.

JIm
Click to expand...

Agreed

Steve
 
sniper said:
Didn't he also say that in his last message;)
Click to expand...
Something to that effect has been said in every announcement... the good ol "announcement about an announcement". What he obviously fails to realize is that he dangled the carrot on the stick too long... replacing it now is of no use...most gave up chasing it because they would've died of starvation. :rolleyes:
 
The $2,700,000 problem...

Thinking this through at this stage I can see very little hope of the IPT ever holding another event. The core problem is the $2,700,000 remaining from the Reno prize purse that KT has officially promised to pay in full before the next event.

He has also stated that he is now running the IPT on a logical business model that requires things like income and profit to stand on it's own feet and that, to read between the lines of his labyrinthine announcements, he will not be giving another penny of his own money to the IPT even if he has it available.

So therefore the only way he can pay the remaining 66% of Reno would be to raise not only those millions independently from sponsors, sales of the TV rights or (heaven help us) an IPO. However who can believe that there is anyone willing to invest that kind of capitol in the IPT? KT can talk as optimistically as he wants, either because he genuinely believes his own crap or because he thinks it sounds good, but real businesses look at the bottom line, and right now it sinking out of sight.

Remember that these investors would not only be guaranteed to lose $2,700,000 instantly to pay off the Reno debt, they will also have to cover any other accrued IPT debts (No-one knows what these are at present) AND have enough scratch left over to actually finance events for the 2007 season. Given how incredibly hard it is to get decent sponsorship for well known events like the US Open how likely is this?
 
As long as people keep entering qualifiers and buying the DVDs, KT will continue to dangle the carrot. All it costs him is the maintinance of a website, a few rah-rah emails, and a couple of shipping clerks.
I believe he will only pay 33% of the Reno funds to avoid jail time, minimize legal actions, etc. and in the end, chunk the IPT in the trash like a half eaten Happy Meal.
End of story, as long as a one sided revenue stream exists, except more "the future is bright" emails.
Just my humble opinion.
 
Due to the situation

Billiards has seen the level of advertising needed to draw out players for tourneys. Im still waiting on the competition to fall out of the woodworks.

This does not raise the level of awareness for mainstream, so KT failed at making the sport reach levels of PGA, Bowling or Ping pong.

Even video game tourneys are having higher draw outs. For the reason that it doesnt take much to make the game enjoyable.
 
Hi,

well the bottom line of this whole IPT (and all the other Professional Pool Tour Stories) story is (at least to me) :

Regardless what efforts are beeing made to make pool a true professional sport it just won't happen as pool is not able to draw any crowds besides us addicts. Regardless of what ever type and format someone comes up with, the normal people rather watch Poker (how thrilling ....snore) or half naked wimen playing JOJO or any other bullshi.... Sad but true. Best example this years mosconi cup. Even though 2 Germans have been in the team, they decided to do the event in Holland (Netherlands) rather then originally planned in Germany. Why, because they have been afraid that they won't get a livley crowd etc. The TV time here have been a couple of hours live coverage totally overcrowded with commercial breaks...

If there will ever be a real professional pool tour, it will be somewhere where pool hast a much higher acceptance than in Europe or the US. To me this can only happen in Asia......

Markus
 
I've said for years, it will first have to happen overseas, once the product is created we may have business people then clone it and bring it here to the states. The only thing that would work, a national amateur platform for now. Your words are only too well embedded in most of us in usa.
 
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