Why is this self-appointed body any different from WPA? Did every pool player in the world vote to create the WPA or to decide it's board and how it's funds are spent? Legitimacy is created by sucess. The BCA is only legitimate becuase it has succeeded in existing for a long time, but on almost every other level to do with Pool as a Sport it has no legitimacy as it is a trade organization, not a players' organization. Yet the BCA is about the only "legitimate" body most American players recognize.juegabillar said:Like many others before, IPT sees itself as its own authority and does not wish to be under the scrutiny of any legitimate body, such as the WPA.
It's called promotional sponsorship. Companies do this to get exposure for their brand and sell more of their products, which is profitable for them. Assuming he believes he is increasing his sales enough there is no requirement for the IPT to make an operating profit as well, but if he can also do that so what?juegabillar said:But comments like “I am not doing this to make money.” have to be queried. It may be true that Mr. Trudeau doesn’t have to make money on this venture, but there is no doubt in most minds that this really is his objective – to make money.
Sorry for merging these together, but if I am reading this correctly it implies the WPA sanctioning fee is a percentage of the prize fund. Is this correct? If so I can see the core issue the IPT would have, this makes no sense for a business looking to invest in a new sponsorship oppourtunity. The WPA is penalizing the IPT for having a large purse, which frankly is the raison detre of the IPT as far as all the players and fans are concerned. To say it is "for free" is just plain wrong. The IPT is putting up the vast majority of the money, even if they get a large field of players to pay the $899 membership, the $199 entry fees and sell a few hundred tickets to spectators for $35. You mention income from TV rights, well until or unless the IPT can create a product that TV stations actually want to buy then the IPT will be doing what the WPBA do, which is paying ESPN to put their matches on TV and trying to make up the costs by selling advertising spots and sponsorship. But if you read their website, again, the WHOLE operation is one big sponsorship scheme for Mr. Trudeau's enterprises. Therefore it makes perfect sense for him to pay in prize funds whatever he feels the value of that sponsorship is, and no sense for him to pay a percentage to the WPA for doing nothing he is not already paying to do himself.juegabillar said:Because at the end of the day the sanctioning doesn’t cost them anything; it is for free because the sanctioning fee comes from the added prize fund...Is their reason because they wouldn’t want the WPA to receive so much money?
Does the value of the paying the WPA sanctioning fee magically increase with every $1,000 they get out of a tournament prize purse? If you get $20,000 instead of $2,000 does the WPA do 10x as much work to promote and organize the event? Does the WPA even do ANY work to promote and organize a sanctioned event? I've never seen any WPA promotional work here in the USA myself, has anyone else?
Seriously, unless you specifically WANT to push away promotors who want to have large prize fund events in Pool you have to consider having a flat fee or maximum cap for WPA sanctioning.