OK, here is the deal

ShootingArts

ShootingArts

Smorg is giving St Peter the 7!
Silver Member
Everyone who won money in Vegas will be paid, as soon as Mr. Ho assumes ownership. Of course being from Taiwan, the funds will be paid in Taiwan dollars. That means that Efren's five hundred thousand dollar win will be worth just over fifteen thousand US dollars at the current exchange rate! :D :D :D

It's Monday morning.

Hu
 
ShootingArts said:
Everyone who won money in Vegas will be paid, as soon as Mr. Ho assumes ownership. Of course being from Taiwan, the funds will be paid in Taiwan dollars. That means that Efren's five hundred thousand dollar win will be worth just over fifteen thousand US dollars at the current exchange rate! :D :D :D

It's Monday morning.

Hu
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OMG, go back and sleep more?!
 
Actually you might be right. That would be the only thing that really makes sense at this point. If KT did sell something to Ho then it only makes sense to let the payments come out of Ho's checkbook.

If it was all a scam why would he spend all that money just to get to this point? He certainly didn't take in enough money to come anywhere near paying the expenses he had.

I wonder if Gregg Sullivan received payment for installing the tables.

If one thinks he was perpetuating a scam then one would have to believe that all of his employees were in on it too. From looking at the gallary photos he sure did have a lot of employees at the events. Can we believe that they are all crooks?

At this point the IPT just defies logic. It just does not make sense. One thing for sure, something is up.

As for the sale. If it was true I would expect there to be many photos of KT and HO with big smiles on their faces.

What does Mike Sigel have to say about everything. All of a sudden the mouth is silent. Surely there are people who have questioned him about the state of affairs. After all it was Mike Sigel who lent credence to the whole IPT thing.

Jake
 
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jjinfla said:
Actually you might be right. That would be the only thing that really makes sense at this point. If KT did sell something to Ho then it only makes sense to let the payments come out of Ho's checkbook.

If it was all a scam why would he spend all that money just to get to this point? He certainly didn't take in enough money to come anywhere near paying the expenses he had.

I wonder if Gregg Sullivan received payment for installing the tables.

If one thinks he was perpetuating a scam then one would have to believe that all of his employees were in on it too. From looking at the gallary photos he sure did have a lot of employees at the events. Can we believe that they are all crooks?

At this point the IPT just defies logic. It just does not make sense. One thing for sure, something is up.

As for the sale. If it was true I would expect there to be many photos of KT and HO with big smiles on their faces.

What does Mike Sigel have to say about everything. All of a sudden the mouth is silent. Surely there are people who have questioned him about the state of affairs. After all it was Mike Sigel who lent credence to the whole IPT thing.

Jake
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SHHHHHHHH! Mike is not to be disturbed. He is putting together a pro tour. It is rumored to have "real pool, real money, his rules, and this time run by real people". Just one more, and he can retire.
 
I'm starting to think he is waiting to make the deal with HO, I'll beat the deal assumes HO take over the debt of the IPT. That being said, I would guess the deal will allow KT to walk away with a few million free and clear with the first right to advertise or sponsor future events.

It will be amazing if it works, I do think if it's done right HO can make money with the tour, I just don't know how to feel about it. I think HO might make it an entire Asian tour and leave the good old USA out in the cold.

KT did get a major cable TV network to buy rights to the IPT, and a major European sports network as well, and started to gain a few other outside advertisers. If the sale goes through and HO continues to develop the tour, it could be great for pool, and KT will be considered a success with the IPT.

Either way the IPT is not going to be sold for 150 million, but if KT walks with a few million profit, he did alright.
 
SlimShafty said:
I'm starting to think he is waiting to make the deal with HO, I'll beat the deal assumes HO take over the debt of the IPT. That being said, I would guess the deal will allow KT to walk away with a few million free and clear with the first right to advertise or sponsor future events.
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I think you're not playing with a full shaft.
Doug
(not there's anything wrong with that :-)
 
Smorgass Bored said:
I think you're not playing with a full shaft.
Doug
(not there's anything wrong with that :-)
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My shaft is full and it's spectacular.:D

I'm just saying if a deal is really in the works it's more of a bail out then a huge windfall of 150 million

150 million may well be the amount of money it would take HO to run the IPT for 10 years, so KT thinks he got 150 million for the IPT:D


.
 
SlimShafty said:
.....KT did get a major cable TV network to buy rights to the IPT, and a major European sports network as well...
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:eek: Nearly spat my coffee over the screen:eek:

Where on earth did you get such an absurdly naive idea? Even KT's own doublespeak speeches have never quite extended to such utter fantasy as suggesting that any TV sports network has paid IPT for the rights to screen IPT matches.

The notion that Eurosports might pay for the rights to screen IPT Tour matches at some indeterminate time in the future if pool in general and the IPT Tour in particular became a roaring success and very popular with the public,is a possibility,although a very remote one unless the aforementined popularity was overwhelming.Until such time as that popularity happens there is not the proverbial snowball's chance of them paying one cent to IPT for rights and in the case of Eurosports it is absolutely certain that they have not paid IPT for any rights up to now.As far as OLN paying for rights goes it is almost as equally ridiculous a notion.
 
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memikey said:
:eek: Nearly spat my coffee over the screen:eek:

Where on earth did you get such an absurdly naive idea? Even KT's own doublespeak speeches have never quite extended to such utter fantasy as suggesting that any TV sports network has paid IPT for the rights to screen IPT matches.

The notion that Eurosports might pay for the rights to screen IPT Tour matches at some indeterminate time in the future if pool in general and the IPT Tour in particular became a roaring success and very popular with the public,is a possibility,although a very remote one unless the aforementined popularity was overwhelming.Until such time as that popularity happens there is not the proverbial snowball's chance of them paying one cent to IPT for rights and in the case of Eurosports it is absolutely certain that they have not paid IPT for any rights up to now.As far as OLN paying for rights goes it is almost as equally ridiculous a notion.
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A much more likely scenario is that KT actually paid for any and all airtime for the IPT. Probably why he went for OLN, instead of ESPN.
 
jjinfla said:
Actually you might be right. That would be the only thing that really makes sense at this point. If KT did sell something to Ho then it only makes sense to let the payments come out of Ho's checkbook.

If it was all a scam why would he spend all that money just to get to this point? He certainly didn't take in enough money to come anywhere near paying the expenses he had.

I wonder if Gregg Sullivan received payment for installing the tables.

If one thinks he was perpetuating a scam then one would have to believe that all of his employees were in on it too. From looking at the gallary photos he sure did have a lot of employees at the events. Can we believe that they are all crooks?

At this point the IPT just defies logic. It just does not make sense. One thing for sure, something is up.

As for the sale. If it was true I would expect there to be many photos of KT and HO with big smiles on their faces.

What does Mike Sigel have to say about everything. All of a sudden the mouth is silent. Surely there are people who have questioned him about the state of affairs. After all it was Mike Sigel who lent credence to the whole IPT thing.

Jake
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Actually, from a pretty good source, Diamond paid the IPT. In fact they jumped through hoops to sign with the IPT.
 
Anyone who feels the IPT paid for all that time in those slots on OLN are not paying attention, the facts don't show that to be the case.

Comcast is trying to build a network and would never in this world put on the next 2 tournaments in that time slot if it thought another program would get higher ratings. Comcast is looking for eyeballs, they need ratings not $$$ at this point, they have money they want a successful channel and programming. The IPT will be moved to another time slot or canned if it fails to gain attention.

Have you seen the promo's for the IPT? yeah I guess KT paid for those as well. :rolleyes: Second, did you happen to notice just how many times OLN has rerun the KOTH? and in great time slots? Do you have any idea what that would have cost? and tell me why a network looking for ratings to compete with ESPN would sell those slots to a program that is not getting good ratings? You have to understand Comcast is throwing large amounts of money into OLN, they are not selling prime time slots to commercials or failing programs.

There is another important thing your missing, the IPT has paid for the entire production from camera crews to final edits, on the womens tour where ESPN is paid for the TV time, ESPN covers the camera crew, and production, thats a huge cost. OLN and many other channels would gladly pay for a production package like the IPT.

And the most important thing of all, now think about this, why in the world would KT pay for a prime time slot for the Sigel Jones match?:rolleyes: Obviously OLN felt it was worth putting on after the ratings they got from the KOTH.

And do you really think they would air (even if paid) an entire marathon of IPT matches if it didn't get ratings? fill up an entire night with a program with poor ratings? and notice the marathon was announced after the first few showings.
 
Don't know who you are talking to Ironman. I hear the opposite is true. From what I have been told, the amount of money that Diamond, Eurosports and Party Poker paid won't even pay what is still owed to the players from Vegas.
 
Slimshafty,if any of that is directed at me let me make it clearer than I already have ie.......I haven't said nor am I saying that IPT have paid any network to air their matches....I have simply informed you,contrary to the perception you posted earlier regarding KT's success in selling rights to Eurosport,........that Eurosport have definitely (no 'ifs' no 'buts' no 'maybes') NOT paid anyone one single cent for any rights to air IPT matches.That information is rock solid:)
 
Big Money said:
Don't know who you are talking to Ironman. I hear the opposite is true. From what I have been told, the amount of money that Diamond, Eurosports and Party Poker paid won't even pay what is still owed to the players from Vegas.
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Owed from Vegas? Vegas checks has been paid, no problem with those..
 
ShootingArts said:
Everyone who won money in Vegas will be paid, as soon as Mr. Ho assumes ownership. Of course being from Taiwan, the funds will be paid in Taiwan dollars. That means that Efren's five hundred thousand dollar win will be worth just over fifteen thousand US dollars at the current exchange rate! :D :D :D

It's Monday morning.

Hu
Click to expand...

Sorry Efren already got his money, in dollars.

Mike
 
SlimShafty said:
Anyone who feels the IPT paid for all that time in those slots on OLN are not paying attention, the facts don't show that to be the case.

Comcast is trying to build a network and would never in this world put on the next 2 tournaments in that time slot if it thought another program would get higher ratings. Comcast is looking for eyeballs, they need ratings not $$$ at this point, they have money they want a successful channel and programming. The IPT will be moved to another time slot or canned if it fails to gain attention.

Have you seen the promo's for the IPT? yeah I guess KT paid for those as well. :rolleyes: Second, did you happen to notice just how many times OLN has rerun the KOTH? and in great time slots? Do you have any idea what that would have cost? and tell me why a network looking for ratings to compete with ESPN would sell those slots to a program that is not getting good ratings? You have to understand Comcast is throwing large amounts of money into OLN, they are not selling prime time slots to commercials or failing programs.

There is another important thing your missing, the IPT has paid for the entire production from camera crews to final edits, on the womens tour where ESPN is paid for the TV time, ESPN covers the camera crew, and production, thats a huge cost. OLN and many other channels would gladly pay for a production package like the IPT.

And the most important thing of all, now think about this, why in the world would KT pay for a prime time slot for the Sigel Jones match?:rolleyes: Obviously OLN felt it was worth putting on after the ratings they got from the KOTH.

And do you really think they would air (even if paid) an entire marathon of IPT matches if it didn't get ratings? fill up an entire night with a program with poor ratings? and notice the marathon was announced after the first few showings.
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What you state is why this whole deal with the IPT just does not make sense.

Why would he put in so much of his own money if he did not think there was a way for him make money in the end?

Maybe he really did think that the qualifiers would draw 64 players at 2K a pop. Didn't he realize that pool players have no money?

Was it really a con game that didn't work?

If it is on the up and up then why wouldn't he come forward with an explanation?

If the tax man is investigating him and froze his assets, why has not that been announced?

Right now he has a $5,000,000 obligation to the players. Perhaps he just realized that the IPT will not work and he decided to cut his losses. If that is the case then the players can quit wasting their time going to the mailbox looking for a check.

As far as people who joined the IPT club I suggest you get your money's worth and watch the videos while you still can.

Jake
 
SlimShafty said:
I'm starting to think he is waiting to make the deal with HO, I'll beat the deal assumes HO take over the debt of the IPT. That being said, I would guess the deal will allow KT to walk away with a few million free and clear with the first right to advertise or sponsor future events.

It will be amazing if it works, I do think if it's done right HO can make money with the tour, I just don't know how to feel about it. I think HO might make it an entire Asian tour and leave the good old USA out in the cold.

KT did get a major cable TV network to buy rights to the IPT, and a major European sports network as well, and started to gain a few other outside advertisers. If the sale goes through and HO continues to develop the tour, it could be great for pool, and KT will be considered a success with the IPT.

Either way the IPT is not going to be sold for 150 million, but if KT walks with a few million profit, he did alright.
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Having advertisers means very little- It is what they are paying that counts. Some pro players accept nothing from sponsors just so they will look valuable to other sponsors. Some Newspapers starting up have no ads so they just copy ads from other newspapers to give the illusion that people are placing ads with`them. I dont know the particulars of any IPT sponsorship, but i doubt that they overcome 20% of expsenses. Kevin is playing that game well though IMHO.
 
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