World 10 Ball Silence
- Thread starter pro9dg
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So is Walt Disney the Raya accountant?gopi-1 said:
More Fairy Tales
Strange as it may seem the delay in his payment may have helped. If he had been paid after the final his $100k would have gotten him around 54,000 British Pounds. Today it is worth 62,150.
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pro9dg said:
Hi Doug. Foreigners should be paid in USD because the Philippine Peso is very rarely accepted in foreign banks.
We computed the exchange rate because most probably Raya gets the money in Pesos. They will have to purchase USD to wire payments.
But on second thoughts, if Raya will buy dollars in bulk, they will need Central Bank approval. Maybe that can take time. But a lot of bulk purchases of USD are not usually purchased through banks. There are very known vendors within the business circles, so that is not an excuse.
This brings me to an article of Makabenta in AZ entitled "Pool and Tourism". All these monies going out of the country definitely defeats the concept of tourism, considering the almost non-existent crowd that the WTB drew. The project saw a negative in the tourism ledger. It can be said that there was irresponsibility from Makabenta in all quarters of this WTBC. Makabenta was irresponsible to the Filipino people, to the refs, and now to the players. But yes, he can sweet talk most anybody just like in his articles.
My favorite Makabenta line in his AZ articles is "If the WPA or somebody not named KT will lead the way, many will follow" in "A Global Sport". He may have been correct during that writing but not anymore.
I did get a reply from some of the e-mails I sent out looking for a solution/answer to this problem of unpaid prize money. I will not name my sources on here, but suffice to say they are good sources of information.
I am told once again that all money will in fact be paid. It is mostly true that Yen/Raya is in the process of collecting from sponsors and raising capital. He can only send out so many wire transfers a day, so he is working on the smaller ones first.
No question that he has had his share of problems with this event, but my sources tell me he has every intention of paying everyone. Let's all hope this is true. I think that if we continue to see players getting paid, that is a good sign. At least we are not hearing lies and deceit like we did when the IPT went belly up. It is more like they are stalling for time here, to raise the capital required to pay everyone.
Not that I condone this for one minute, but the guy has gone out on a limb to stage these events, when no one else in the Philippines could accomplish this. There are other forces at work here who would like to see him fail. I won't go into the reasons why. I alluded to them in an earlier post.
Please don't come on here now and tell me how misguided I am and how little I know about Philippine politics. I've gotten some good lessons from both sides, and it isn't much different then what I've seen in the good ole USA before.
Bottom line for me is I just would like to see ALL the players paid in full ASAP. So please don't read anything into this that is not here. If I can somehow help make this happen, I'll feel good. I happen to like these guys, especially Darren and Niels. I just want them to get their dough, simple as that.
What a year this has been, what a year this has been! As my grandma used to say, Oy Vey!
I am told once again that all money will in fact be paid. It is mostly true that Yen/Raya is in the process of collecting from sponsors and raising capital. He can only send out so many wire transfers a day, so he is working on the smaller ones first.
No question that he has had his share of problems with this event, but my sources tell me he has every intention of paying everyone. Let's all hope this is true. I think that if we continue to see players getting paid, that is a good sign. At least we are not hearing lies and deceit like we did when the IPT went belly up. It is more like they are stalling for time here, to raise the capital required to pay everyone.
Not that I condone this for one minute, but the guy has gone out on a limb to stage these events, when no one else in the Philippines could accomplish this. There are other forces at work here who would like to see him fail. I won't go into the reasons why. I alluded to them in an earlier post.
Please don't come on here now and tell me how misguided I am and how little I know about Philippine politics. I've gotten some good lessons from both sides, and it isn't much different then what I've seen in the good ole USA before.
Bottom line for me is I just would like to see ALL the players paid in full ASAP. So please don't read anything into this that is not here. If I can somehow help make this happen, I'll feel good. I happen to like these guys, especially Darren and Niels. I just want them to get their dough, simple as that.
What a year this has been, what a year this has been! As my grandma used to say, Oy Vey!
pro9dg said:
That's his interest Doug!
sputnik said:
I just want to mention one point that has been made which seems erroneous. The value to the Phillipine Tourism sponsor. I keep seeing that this sponsor received no value because the stands were empty.
The empty stands mean nothing in terms of the exposure that they were looking for. A week's worth of exposure on ESPN Asia touting the Philippines as a vacation destination is probably worth it. I don't know what that same amount of advertising would have cost but it's probably a lot more than whatever they agreed to pay for the sponsorship.
That's all, not taking sides.
What does a statement about the BSCP being tasked to provide players from within it's system for international events have to do with where they get their money?
Every member of the WPA is asked to provide players for international events and they are all chosen from their contingent of players. It doesn't matter whether they are funded by the government, the people, the players or the pope.
Please stop trying to confuse one issue with another before making your statements.
Mike
Every member of the WPA is asked to provide players for international events and they are all chosen from their contingent of players. It doesn't matter whether they are funded by the government, the people, the players or the pope.
Please stop trying to confuse one issue with another before making your statements.
Mike
bandido said:
If it says "A total amount", I would think that it refers to the total amount of all transactions within one banking day.
But keep on spinning things your way.
Mike
But keep on spinning things your way.
Mike
bandido said:
AzHousePro said:
5 Williams , Charles USA 10000
9 Van Boening, Shane USA 4500
17 Wilkie, Shaun USA 3000
33 Deuel, Corey USA 2000
33 Moore, Stevie USA 2000
65 Archer, Johnny USA 1000
65 Owen, Gabe USA 1000
total = 23500 $ = 1 130 418,38 pesos
Strange how they managed to send more than twice the "total amount of 500 000 pesos in one banking day" on Friday to pay all the Americans...
But keep spinning things your way, Mike.
Roy,
Just curious, how did you happen to know that this was all 'sent' on the same day?
Or are you guessing?
Just curious, how did you happen to know that this was all 'sent' on the same day?
Or are you guessing?
Roy Steffensen said:
Tom In Cincy said:
It is a guess, I have to admit that, but I believe it is a pretty good guess.
When you pay someone by using bank it normally takes minimum one day to transfer. The money can be at the other account on the same day, IF they are using the same bank. I doubt that the Americans are using the same bank as Raya...
That means that they MUST have sent it on Thursday, to make sure that all Americans had the money in their account on Friday, when AZBilliards started to call the players.
If they however sent it over two days, then why did Raya send the email to all the players that they would transfer the money on the 30th and 31st, if they could only send 10 000 $ in one day?
Shouldn't Raya instead have sent an email saying that "The Americans will get paid on the 30th and 31st, the Taiwanese guys will get paid the 3rd and the 4th of November, Darren will get paid the 5th, 6th, 7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th and 15th of November, Wu will get paid the 16th, 17th, 18th, 19th and 20th, Niels will get paid 21st, 22nd and 23rd etc..."
I guess that in 40 days all players will have get paid, if they will pay 10 000 $ every day...
Somethings fishy about all this, and I can't understand that people are doing whatever they can to believe every word Yen Makabenta is saying...
payment
i recieved email of yen mak today
he told me in details the problems with banking laws etc and what is happening..
glad he emailed me i feel 100% sure now there will be no problem with players getting paid...
but feel much better after him emailing me
hope everything will work out am sure it will...
dynamite
i recieved email of yen mak today
he told me in details the problems with banking laws etc and what is happening..
glad he emailed me i feel 100% sure now there will be no problem with players getting paid...
but feel much better after him emailing me
hope everything will work out am sure it will...
dynamite
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Roy Steffensen said:
DITTO...to EVERYTHING you just said!!!!!
You still don't get it do you? BSCP is an NSA (National Sport Association) under the POC (Philippine Olympic Com) and PSC (Phil. Sport Com). All of them are Philippine Government FUNDED. They exist to serve the People of the Philippines that pay for them to even EXIST. They are suppose to be unbiased in their operations even with nay-sayers. They are to just do their job in developing the sport and holding fair qualification/selection tournaments to all citizens for country representation. WPA has nothing to do with that. BSCP, being an NSA, has to exist FIRST for the country then apply for membership to whoever/whatever.AzHousePro said:
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I don't know how it works in the Phillipines but in teh USA all you have to do is to fill out a simple form to wire more than $10,000. This excuse is lame. I am positive that Filipino businesses routinely wire much more than $10,000 at a time.
In the USA it's only there to track legitimate payments and since the WTBC is presumably a legitimate reason to send large amounts of money it should be no problem if the "anti-money laundering" rules are similar to the USA's.
But what the hell, if that's the excuse they need to buy time and it results in the players getting paid then great.
In the USA it's only there to track legitimate payments and since the WTBC is presumably a legitimate reason to send large amounts of money it should be no problem if the "anti-money laundering" rules are similar to the USA's.
But what the hell, if that's the excuse they need to buy time and it results in the players getting paid then great.