After 37 years one would think he could get it right. He should consider the circus business, at least then he could get out of town.
U.S. Open Checks Bounced???
- Thread starter mlfield
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After 37 years one would think he could get it right. He should consider the circus business, at least then he could get out of town.
Legal action against who?
Sue the US Open and it just goes tits up and no one gets anything.
Barry and his personal assets are no doubt protected so you arent getting his pool room or personal stuff.
Not to mention in situations like this the only people who actually ever make any money in a lawsuit are the lawyers.
As of yet no one that I know of knows exactly how much was paid out and what is still owed. Its a giant assumption that Barry didnt pay out all the entries so far as I can tell from the information or lack of it so far.
Thats a great point, the M-cup points. probably is a incentive to go play there.
Denis didnt play this year(not sure why) I spoke to him today but didnt ask him about US Open,
I got a call from a player who has played at the US Open for the past 20+ years last night, Its not JA or Dennis. I wont say who it is but, EVERYONE here knows him, and he is well liked. He told me that "It was the worst venue in the history of pool, and impossible to ever have it there again". Seems to me that a proper venue should have been chosen last year, I know there are lots of logistical things and it takes time to find such a place, it wasnt a surprise that this place wasnt going to work the Player told me. I been around long enough I can walk into a room and eyeball it and see if its suitable for X number of tables, TV Table, bleachers, F&B and all else thats needed for a event. so the venue excuse isnt a valid reason for problems, because anyone who has been around pool for 10 year can figure out whats needed, hell maybe 5 years i they pay attention to the biz.
What you do is what all promotion businesses do - have the cash or credit line up front then bite the bullet if the receipts don't come in. The last thing you do is stiff prople on money held in trust.
In my business, we are required to deposit all receipts in a trust fund. We are registered with the Department of Justice. When it comes time to pay for a customer's services, or refund the customer, if the money isn't there - for whatever reason - we are charged with a felony.
As a business, we have a fiduciary responsibility to protect funds held in trust, at the risk of criminal and civil liability. Assuming they're not, Barry is lucky that prize funds are not regulated in Virginia.
I thought last year that Barry had to post.
Why does everyone say something like "I make my mother post" but not Barry?
F_ing joke pool world.
Someone ought to start a fantasy pool league - oh wait, we got one!
Lions and Tigers and Bears - oh my!
You got to pay the pushers first!
--Jeff
Why does everyone say something like "I make my mother post" but not Barry?
F_ing joke pool world.
Someone ought to start a fantasy pool league - oh wait, we got one!
Lions and Tigers and Bears - oh my!
You got to pay the pushers first!
--Jeff
Ok Its $25k added. That at this point with this event really don't make a difference and I am sure you will agree.
Not sure what is so complex that can't be explained as I am just asking what they actually provide when sanctioning? I understand that many promoters are (grandfathered) in due to past records of payment. So lets just say with BB who as we all know does not have that record or any other new promoter who comes up with $25k. What is their responsibility? If they don't have one other than points Thats ok, I am just trying to understand but you said its complex. You obviously know more that I do by the sound of it so please let me in on it. Not causing trouble, just trying to find out where all the gaps are if any other than BB,
Ironically, two weeks ago I sent a personal letter to Rob Johnson, ex director of the BCA. I mentioned with the BCA Hall of Fame banquet and the escrow being handled by them, the BCA should embrace and jump on board and evolve this great American Product. They have got their foot in the door with two aspects of the event, why not take it further and who knows what effects this would have on our industry in a +$$ way.
To my knowledge Barry has never posted the added money. The ABP dust up last year was about guaranteeing that the entries were there at the end. The players still pretty much expected to be owed at the end they just wanted a guarantee that Barry wasnt spending entry money up front on expenses. Which is about the only thing I agree with the ABP on.
Its a valid quote and one that would solve a bunch of issues.
Problem is everyone knows he doesnt have it going in. Thats part of the charm of the Open in a jacked up only in pool kind of way. Everyone goes to Virginia in the fall and hopes to outrun the nuts together.
Can you say “codependency?”
BB and the players are locked in this relationship together and can’t get away from each other -- they need each other and will continue in their sick little tango until one of the parties gets professional help and I’m not talking psychological (well, maybe a little couch time wouldn’t hurt).
Either the US Open gets run by people who know how or the players make a stand. Otherwise... it’s same time next year.
Lou Figueroa
BB and the players are locked in this relationship together and can’t get away from each other -- they need each other and will continue in their sick little tango until one of the parties gets professional help and I’m not talking psychological (well, maybe a little couch time wouldn’t hurt).
Either the US Open gets run by people who know how or the players make a stand. Otherwise... it’s same time next year.
Lou Figueroa
Unfortunately this only reveals the desperation of players to make some money from this shitshow of a sport.
I think this has the possibility of being the final nail in the coffin. I say maybe 30% chance it kills the Open. Barry is a stone survivor and hustler though so if I had to bet I would bet that next fall everyone will be back in Virginia saying "Think we'll get paid this year?".
Well it is a disjointed unorganized freeforall mess with a touch of Matchroom sanity thrown in a couple times a year
First sentence of your link:
Wikipedia said:
An Escrow is supposed to be disbursed to the parties dependent on contractually agreed terms. The whole purpose of an escrow is to ensure that once a transaction is completed, the proper parties get their monies. What was set up was a savings account.
Look at it this way...
You and I agree on terms for a cue purchase. Funds to be held in Escrow. I put money in Escrow, you send me the cue.
I agree the cue is fine.
Then the Escrow party gives my money back to me and relies on me to pay you. What's different from you just sending me the cue and trusting on me to send you the money? Nothing.
Would you be happy with that arrangement? Of course not.
In your example, that is what happened to the players. They showed up thinking the funds were in Escrow. Instead, according to you the BCA gave the funds back to the buyer and relied on him to disburse them. That's a savings account for the tournament holder. Not an Escrow. It provides absolutely no protection for the players whatsoever.
If the BCA didn't have the resources to do an Escrow, then they shouldn't have taken on offering an Escrow service. Again, I'm going off of what you said.
I know there are other complicating factors here but the theory is really pretty simple: The prize payouts were known ahead of time. The prize money should have stayed in the account. Checks from the prize money account should have been made out to players and given to them as they cashed.
You could argue that this was an escrow, but not for the players. If this was an escrow it was to guarantee that the money was available for the other vendors. The players weren't protected at all.
~rc
Just looked at the payouts.
Barry says he owes the top six guys.
1st: Shane Van Boening – $25,000
2nd: Dennis Orcullo – $15,000
3rd: Alex Pagulayan – $10,000
4th: Efren Reyes – $6,000
5th/6th: Ronnie Alcano, Jose Parica – $4,000
That totals up to $64,000.
In a $60,000 added event.
Thats not good.
$4,000 of entries went somewhere.
If the four dimes is there why not pay out one of the 5th/6th guys and owe five guys?
Barry says he owes the top six guys.
1st: Shane Van Boening – $25,000
2nd: Dennis Orcullo – $15,000
3rd: Alex Pagulayan – $10,000
4th: Efren Reyes – $6,000
5th/6th: Ronnie Alcano, Jose Parica – $4,000
That totals up to $64,000.
In a $60,000 added event.
Thats not good.
$4,000 of entries went somewhere.
If the four dimes is there why not pay out one of the 5th/6th guys and owe five guys?
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No Justin, it means that $64,000 went somewhere.