Not buying the new tour.
- Thread starter mnorwood
- Start date
People invest money in something like this for exposure. This is a KT type scam.
Fool me once shame on you.
Fool me twice...
Fool me twice...
They've got Millions and Millions from investors, they've got venues booked, they've got this impressive business plan, but yet they have a generic $69 website?
Another thing, this quote from the head honcho strikes me as pretty arrogant...
Asked how the tour would earn the trust of players without revealing their benefactors, Dennis said, 'Once the money is verifiable in the bank, who really gives a damn where it came from? Thats my approach to that. To be quite honest, if some people have trouble with that, thats their problem'
Sounds like a arrogant little Pri**
Another thing, this quote from the head honcho strikes me as pretty arrogant...
Asked how the tour would earn the trust of players without revealing their benefactors, Dennis said, 'Once the money is verifiable in the bank, who really gives a damn where it came from? Thats my approach to that. To be quite honest, if some people have trouble with that, thats their problem'
Sounds like a arrogant little Pri**
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Tim5000 said:
Sounds like embezzlement.
We'll just have to wait and see how it works out. Everyone's a little "cautious" after the IPT "mishap". I wouldn't get my hopes up, but, you never know.
reality check
It doesn't matter where the money came from or if the promoters only hold one event. If they wave money or just puff a little smell of money into the air pool players will converge like a pack of hungry wolves. Unfortunately, any time someone waves real money around no serious pool player can afford to turn their noses up. If Johnny and Earl play for the IPT, if professional pool players rush to this new Pied Piper, it isn't stupidity or greed, it is survival.
Hu
It doesn't matter where the money came from or if the promoters only hold one event. If they wave money or just puff a little smell of money into the air pool players will converge like a pack of hungry wolves. Unfortunately, any time someone waves real money around no serious pool player can afford to turn their noses up. If Johnny and Earl play for the IPT, if professional pool players rush to this new Pied Piper, it isn't stupidity or greed, it is survival.
Hu
ShootingArts......Bingo.....now that's a fact. It maybe a sad fact but still anyone who posts the money gets to make the rules. The players are forced to follow the money.
cheesemouse said:
or just the promise of money. Or, that there might be money.
The phrase extremely skeptical comes to mind. With the IPT debacle how could anyone feel any other way. Not to mention why do you come out with an announcement of a new tour, but then keep details cryptic. Also, the website does look rather cheap, and IMO the name of the tour and acronym are both too long. That being said I think there are some good ideas in there somewhere. Things I've been thinking that a pool tour should do for a long time. i.e playing the standardized rules, multiple game format etc
I am as skeptical as the next guy. But.
I have talked to people who know what is going on in the industry (not Billy Joe down at the pool room who saw it on a forum) according to them these people seem serious and the money is there. There is an explanation for the less than stellar website as well.
I am going to wait and see. It is very simple. If they put up the money in a transparent manner then it will work. If they come with "Trust us" it will be a much harder sell.
This was my biggest fear about the IPT debacle. That whoever came after would have such a massive mountain of skepticism to climb because they are following a world class con man.
I will not pass judgement for myself until many more facts are brought to light. Let's keep the pitchforks in the barn for a little while longer. The mob can be assembled at a moments notice if neccessary.
I have talked to people who know what is going on in the industry (not Billy Joe down at the pool room who saw it on a forum) according to them these people seem serious and the money is there. There is an explanation for the less than stellar website as well.
I am going to wait and see. It is very simple. If they put up the money in a transparent manner then it will work. If they come with "Trust us" it will be a much harder sell.
This was my biggest fear about the IPT debacle. That whoever came after would have such a massive mountain of skepticism to climb because they are following a world class con man.
I will not pass judgement for myself until many more facts are brought to light. Let's keep the pitchforks in the barn for a little while longer. The mob can be assembled at a moments notice if neccessary.
The private investor is KT. Hah.
I agree I'm not passing judgement on this yet, and I encourage others to do the same. We kicked our own asses last time by getting too up for the IPT, and likewise I think it would be just as much of a mistake to do the opposite for any new tour without giving all the facts to be presented in evidence.
Does anyone know Tim Dennis? It says he was a former semi- pro player. I think it would ease some minds if people knew him and knew he was legit- Justin(JCIN) did say he heard things from some insiders, and that is good. I have never heard of him, but I am not from that area.
This is my thoughts on this new Tour.
If it happens, GOOD for the pool players. If it doesnt and ends up like another IPT, I hope everyone gets thier money, before it die's.
Now, of course having a big Tour that is flashing big money around like the IPT did is always going to have its critics who are going to bash it left n right saying it isnt going to happen or it will end up die'n like the IPT.
But this is how I think, As long as the TOUR happens and keeps going, who cares where the money is comming from. I could care less if this thing was being backed by the Russian Mafia. As long as they can prove they have this money in escrow, before every tournament. Then more power to them.
I'm sure that once Feb and March starts to come around people are going to be dropping thier Membership fee's to join. Cuz, who wants to be the Pro or Semi-pro who says, damn maybe I should have paid the 2500$ so I had a chance of winning a couple hundred thousand.
It's kinda the same way, the World Series of Poker is, you drop your 10,000$ for a chance to win a couple million! Alot of those guys dont want to be left saying, man,,,, I had the money but, didnt think I had the chance of winning, yet my neighbor Bob, won, after dropping his money.
If it happens, GOOD for the pool players. If it doesnt and ends up like another IPT, I hope everyone gets thier money, before it die's.
Now, of course having a big Tour that is flashing big money around like the IPT did is always going to have its critics who are going to bash it left n right saying it isnt going to happen or it will end up die'n like the IPT.
But this is how I think, As long as the TOUR happens and keeps going, who cares where the money is comming from. I could care less if this thing was being backed by the Russian Mafia. As long as they can prove they have this money in escrow, before every tournament. Then more power to them.
I'm sure that once Feb and March starts to come around people are going to be dropping thier Membership fee's to join. Cuz, who wants to be the Pro or Semi-pro who says, damn maybe I should have paid the 2500$ so I had a chance of winning a couple hundred thousand.
It's kinda the same way, the World Series of Poker is, you drop your 10,000$ for a chance to win a couple million! Alot of those guys dont want to be left saying, man,,,, I had the money but, didnt think I had the chance of winning, yet my neighbor Bob, won, after dropping his money.
If you do not care then why would people who do care have any interest in your input?abbassi said:
For me personally, I am not a pro player but I make my living now working with pro players. This new thing could change that instantly. Also this new tour if it is real and is run correctly has the ability to completely change the face of high level pool in the U.S. If you do not care about pro pool why would you waste your time even reading about it let alone making your apathy known through posting?
I do not care about NASCAR or the NBA but I do not go to forums and tell people "I don't care. Who cares?" Just makes no sense to me.
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Well, I read the article written by Mason King. The way it was written can't help but leave one with question marks dancing in their head, and maybe that is the impression that Mason got as well.
I would have liked to have read something more optimistic and positive about the tour from the representative. Maybe he is not cognizant of the current climate for professional pool. If he is aware of the happenings of late, his attitude, as conveyed by Mason King and Billiards Digest, seemed flippant to this reader, with terms like: "fledgling, multimillion-dollar pro pool tour," "too-good-to-be-true pitch," "no connection to the billiard industry," "head-scratching details."
This response by Dennis, the tour's only known representative at this juncture, though, is very bothersome: Once the money is verifiable in the bank, who really gives a damn where it came from? That's my approach to that...To be quite honest, if some people have trouble with that, that's their problem.
On a good note, I was delighted to read that NONE of these events will be held in casinos. I happen to like that a whole lot and agree with this line of thinking.
Because of the business I am in, I don't always trust the media's interpretation. So I will remain in a wait-and-see mode and hope to learn more. So far, though, the initial reaction to Dennis' words in the article leave me a little disappointed, as they were less than forthcoming, IMHO.
JAM
I would have liked to have read something more optimistic and positive about the tour from the representative. Maybe he is not cognizant of the current climate for professional pool. If he is aware of the happenings of late, his attitude, as conveyed by Mason King and Billiards Digest, seemed flippant to this reader, with terms like: "fledgling, multimillion-dollar pro pool tour," "too-good-to-be-true pitch," "no connection to the billiard industry," "head-scratching details."
This response by Dennis, the tour's only known representative at this juncture, though, is very bothersome: Once the money is verifiable in the bank, who really gives a damn where it came from? That's my approach to that...To be quite honest, if some people have trouble with that, that's their problem.
On a good note, I was delighted to read that NONE of these events will be held in casinos. I happen to like that a whole lot and agree with this line of thinking.
Because of the business I am in, I don't always trust the media's interpretation. So I will remain in a wait-and-see mode and hope to learn more. So far, though, the initial reaction to Dennis' words in the article leave me a little disappointed, as they were less than forthcoming, IMHO.
JAM
JAM said:
Arent we just about about the only "media" covering this ???
Justin,
you said there was a reason behind the website........ and that would that be............ ?????
JCIN said:
Hi JCIN,
I missed the original announcement but let me just ask you.
What, if anything has been announced regarding the structure of the tour and its marketing plans.
Here's why I ask.
Say what you will about kt (and I can't think of a single good thing to say) but he did create a huge, albeit, short series of events that included most world reknowned pros of all ages and genders competing in the game that is most played, by far, by the American public...8 Ball.
Problem being..it just flopped big time with TV advertisers and obviously was a serious economic failure.
In addition, there are several highly prestigeous events like the Mosconi and others but again, the American TV ratings basically suck.
What new angle...perspective...structure...gimmick do these guys have in mind that would make their tour a financial success on a large scale, that others before them have not thought of??
Thanks!
Jim