as a business man I have met KT and got to know him, i like him. we didnt talk much about pool, he is very smart but exaggerates things, to put it in perspective if he were me he would say "I'm the greatest speller ever" which just isnt the case, but I am smart we all have our good and bad parts. We all make mistakes, i did here the other night on a topic of "Drugs". we all make mistakes, some people exaggerate things(I dont) in business like pool(when your looking for action) you have to make some minor misrepresentations (sometimes) other times you dont it depends on the deal.
KT lost his cash flow for his pool venture simple as that, and the players lost too, it hurt the players more than KT because of their circumstances, I dont like that but from my non biased view thats what happened. Since the players got the short end of the deal what should they do? I believe this is what Cardone is asking.
IMO whats done is done, KT lost the cash flow and had to manage the failure of a business, and thats what it was for him a business not his passion, hobby, etc. it was a business that went bad simple as that. His employees were basically the players, just like in the NBA, NFL, or the drivers in NASCAR. When he lost his customers the internet gaming people he lost his ability to play his employees.
Yes he does have other businesses, so do I and I dont cross the lines from one to the other, no business man does that, when I have a new venture fail I dont pay its debts from the cash cow businesses, granted he is responsible to pay everyone and I believe he will, he will do it in a amortized way over time making payments to them. He told me about the failure and his intentions to stay in pool, I didnt tell him I am a player until the end of the day I spent with him, so he had no reason to pitch me or BS me, because he didnt know that I was involved in pool in anyway and i'm not really other than what you all seen here, he is 100% commited making it work. I dont think he would be paying off the players if he wasnt commited to staying in pool, sure it can be argued he is liable to pay them and they could eventually get a court ordered enforcement forcing KT to pay them but that would take along time(which would benefit KT) but he chose not to go that route, to the best of my knowlege.
He did make it clear to me that he wants to keep a good reputation in pool before he knew I ever picked up a cue so why would he lie to me? He had nothing to sell me etc. So being a businessman I would handle it like he has if I planed to stay in that business, I have to add I dont have all the details of his dealing.
to finally answere Billys question, yes he is very useful, he is smart, has a good plan and appears to behave like someone who wants to stay in the biz of pool. He took a hard knock and hasnt disappeared. He is tough as nails in biz when he is commited to his beliefs, he is the infomercial king, he is to the infomercial biz what Efren is to one pocket. so yes he is usefull. He cant do any harm if the players manage themselfs and dont put themselfs in a spot to rely on him, players have to rely on themselfs and if KT can offer them a way to make $$$, whats wrong with that? now if the players rely on someone else then they are making a mistake, no grown man should rely on anyone for their livelyhood.
I have know of KT's plans for along time but I gave him my word I wouldnt discuss with anyone, until it was approiate, I awalys keep my word with everyone, So out of respect i wont say anymore but yes I believe KT will do the right thing.
