I guess I'd want to create a company and have some sort of initial public offering for the initial shares. I am not totally sure how that all works but I know there are various ways to structure it and various types of shares.
I'd also try and be aggressive about soliciting some kind of agreement from the leagues to support the venture through a portion of their weekly dues. Now this idea, while it would bring a definite and steady revenue into the Pro Tour, would be akin to getting Bush to admit he was wrong about anything. The idea is that the amateurs would supoprt the pros and provide a base and a path to the pro ranks. I would try to somehow standardize the game or at least knit it together through the leagues.
I would also see if the leagues would be interested in jointly creating a similar system to Europe/Taiwan for developing players. This would run in conjunction with their established systems and be competition for competition's sake.
If the entire industry and the pool public got involved I don't see why we can't start an organization with truly qualified people at the helm.
As SJM has pointed out - there is a lot of experience and talent right here on this board. I even know a CPA
Seriously though, I believe it could happen. I don't know if there is a way to get enough people to invest their money and time. I don't even know if it's worth it really. When there is so much injustice in the world it seems kind of frivolous to have a professional pool tour. But, if there were one that were modeled after the PGA then it should be either a public company, a non-profit, or a membership organization.
I really believe the pros should take matters into their own hands and step up to make it happen. They have golden arms with the ability to entertain with things most humans can't do. If they acted with solidarity then they coud be on TV - any channel. But they don't and they are treated like trained monkeys. The pros are told where to play, how to play, now how to dress, how to act, when to be quiet and so on. And this went on before the IPT. Except for the randomness of the outcome in pro tournaments and events they aren't much more than Circus Performers going from town to town with the same show every night.
Sadly.
So again. Take the 150 top money earners from the IPT right now. Tell them to go out and earn as much as they can playing pool, doing exhibitions, whatever they can. Have them all agree to put 25% of those earnings into the new organization at the share value of $1 per share and issue as many shares as the money that is put in. Now each member owns as much as they put in. With that seed money start the new tour. Maybe it will take a few years but with that start they will be able to have tournaments that pay grandly with fortune 500 sponsors and TV and internet-on demand and so on. The pros should OWN their content.
In my opinion this is the ONLY way to make it really work. But, what do I know about it? Nothing really. In today's crazy world of endless distraction who can keep anyone's attention long enough to get anything done.
John