Essentially, this is a request for somebody to make an investment that has a very small chance of success.
The truth is that those that have a lot of money have it because, as a rule, they have managed to steer clear of such investments. Kevin Trudeau was, somehow, talked into such a meritless investment by Mike Sigel back in 2006, but like any other successful businessman stuck in an unprofitable business venture, Trudeau knew to pull the plug very quickly at the moment he saw that the prospects for making money were bleak, with the IPT Tour not even completing its inaugural season. Astute businessmen don't persist with losing ventures, they get out.
Pool must undergo a huge transformation if it is ever to prove itself worthy of big investment dollars. If it does, everything will change. This is why what Matchroom is doing is so important in our sport. In marketing circles, what Matchroom is doing is called "product development" and if done well, the demand for pro pool as a form of entertainment will increase. No doubt, it won't happen overnight, but building demand through improvement of the pro pool product may be pro pool's only shot at delivering a greater income to its star players. Matchroom isn't prefect, or even close to it, but they are innovative, and in the last seven months, they have given out $225,000 at the Mosconi Cup, $85,0000 at the Predator LCP event, $100,000 at the World Pool Masters, and $250,000 at the World Pool Championship. That's $660,000 paid out in seven months, or nearly $100,000 a month. Things are moving in a good direction for those trying to derive their income from pro pool competition.
On the other hand, if pool's only hope is to look for charity, its goose is probably already cooked. With no disrespect to the sport we on AZB love, there are countless worthy causes far more deserving of charitable contributions than pro pool.
The truth is that those that have a lot of money have it because, as a rule, they have managed to steer clear of such investments. Kevin Trudeau was, somehow, talked into such a meritless investment by Mike Sigel back in 2006, but like any other successful businessman stuck in an unprofitable business venture, Trudeau knew to pull the plug very quickly at the moment he saw that the prospects for making money were bleak, with the IPT Tour not even completing its inaugural season. Astute businessmen don't persist with losing ventures, they get out.
Pool must undergo a huge transformation if it is ever to prove itself worthy of big investment dollars. If it does, everything will change. This is why what Matchroom is doing is so important in our sport. In marketing circles, what Matchroom is doing is called "product development" and if done well, the demand for pro pool as a form of entertainment will increase. No doubt, it won't happen overnight, but building demand through improvement of the pro pool product may be pro pool's only shot at delivering a greater income to its star players. Matchroom isn't prefect, or even close to it, but they are innovative, and in the last seven months, they have given out $225,000 at the Mosconi Cup, $85,0000 at the Predator LCP event, $100,000 at the World Pool Masters, and $250,000 at the World Pool Championship. That's $660,000 paid out in seven months, or nearly $100,000 a month. Things are moving in a good direction for those trying to derive their income from pro pool competition.
On the other hand, if pool's only hope is to look for charity, its goose is probably already cooked. With no disrespect to the sport we on AZB love, there are countless worthy causes far more deserving of charitable contributions than pro pool.
Last edited: