poolcomps.com charged members a monthly fee of $7.50 to allow players to play in their real $ tournaments and to receive "coaching" to "help promote pool worldwide", they had i believe 8 weekly $10,000 tournies and 1 $5000 tourney along with 10 $500 tournies for that week instead of 1 $10,000 tourney, after this they switched entirely to daily $500 tournies and eventually they had 3 $500 tournies per day and it amounted to 90 $500 tournies per month instead of 4 x $10,000 tournies a month, they ended up having a lil over 100 $500 tournies b4 they disabled the tourney part of the site
http://www.poolcomps.com/web/pageGrab.htm?x=pressRelease4.xml
as far as i know all monies have been paid out for the major tourneys they had (8x10k/1x5k), but the $500 tournies have only been paid up to tourney #25(judging by the $ i've been paid and from what i have heard from others), so this makes roughly $40,000 that they owe their players but have not paid out(iirc they had 105? $500 tournies)
they shut down on 1-26-07 and iirc their tos stated that ALL monies will be paid within 8 weeks, and their was some clause about them modifying payments? or something but all they could do was deduct 10% or either add more money i don't remember the last part but i vividly remember that all monies would be paid within 8 weeks (times up), i followed the IPT fiasco and the way poolcomps set up their tourneys was eerily similar, they paid out most of the tourneys in the beginning without any hiccups but after awhile they SUPPOSEDLY had a problem with paypal thinking their account had been stolen because of the money changing hands, yet there had been no problems with the 10's of 1,000's that they already paid out b4??? another thing that baffles me is how they switched from paying out $40,000 per month to $45,000 a month when they were obviously having some problems
now you are wondering how does the wpa fit into all of this?
http://www.poolcomps.com/web/whoweare.htm
"POOLCOMPS.COM is an initiative of the World Confederation of Billiard Sports (WCBS) and the World Pool-Billiard Association (WPA). Developed by a team of programmers based in Sydney, Australia, our online Pool coaching site is aimed at teaching the game of Pool to people across the globe and creating a fun and interactive community of Pool players and enthusiasts."
they were supposed to have the "online pool world championship" and be sanctioned by the WPA, they kept pushing the date for this back many times and it never happened
other background about poolcomps.com is that it is ran by steven and peter worth and they are based out of australia, they sponser real pool tournies in australia and i believe they have sponsored euro tour event(s)?, they don't seem like bad guys, just a lil misguided, i always felt they were paying out too much money for online pool tournies and should invest more into real pool tournies, everyone knows pool needs all the help it can get, here's some more info from their site:
"There are three main goals of PoolComps.com
1. To educate players of all ages on how to improve their game
2. To increase the profile of Pool on a global scale
3. To help Pool make it to the Olympics"
i personally don't think pool will ever be in the olympics, but surely this isn't helping it's case, if anything it's showing exactly why it shouldn't be, this is all to familar and the sad thing is i'm not shocked it's basically business as usual for the pool world
i haven't seen anyone else post on here about the non payments, but i have talked to some in private about it, i felt it was best to wait awhile and see what happens, i think knowledge is power and the more that everyone knows the more likely that this problem can be solved, from my dealings with poolcomps in the past i can say that NOTHING they do will ever surprise me, they are very very unpredictable if anything, we could never be paid, they could pay out all the money tommorrow and have tournies going again with improvements and even a 100k online wpc anything is possible
in no way do i think that this is even close to what happened with the IPT, i just hate to see history repeat itself, and pool dig a bigger hole for itself, $7.50 a month isn't much even if u had 2,3, or 4 accounts, to me it is more of a time issue than a $ issue, the major tourneys took up to 12+ hours if u made the final and the $500 tournies took from 5-7 hours to complete
i haven't emailed them to ask what's going on but from what i have heard they haven't been responding to emails so it would be a waste of time anyways
i think that this is likely steve worth's name on here but he only came on it to post 1 message and hasn't really been back since, i will wait and see what people have to say about this and maybe will look to contact the wpa or try and get steve or peter to post on azb about whats going on
http://forums.azbilliards.com/member.php?u=9072
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http://www.poolcomps.com/web/pageGrab.htm?x=pressRelease4.xml
as far as i know all monies have been paid out for the major tourneys they had (8x10k/1x5k), but the $500 tournies have only been paid up to tourney #25(judging by the $ i've been paid and from what i have heard from others), so this makes roughly $40,000 that they owe their players but have not paid out(iirc they had 105? $500 tournies)
they shut down on 1-26-07 and iirc their tos stated that ALL monies will be paid within 8 weeks, and their was some clause about them modifying payments? or something but all they could do was deduct 10% or either add more money i don't remember the last part but i vividly remember that all monies would be paid within 8 weeks (times up), i followed the IPT fiasco and the way poolcomps set up their tourneys was eerily similar, they paid out most of the tourneys in the beginning without any hiccups but after awhile they SUPPOSEDLY had a problem with paypal thinking their account had been stolen because of the money changing hands, yet there had been no problems with the 10's of 1,000's that they already paid out b4??? another thing that baffles me is how they switched from paying out $40,000 per month to $45,000 a month when they were obviously having some problems
now you are wondering how does the wpa fit into all of this?
http://www.poolcomps.com/web/whoweare.htm
"POOLCOMPS.COM is an initiative of the World Confederation of Billiard Sports (WCBS) and the World Pool-Billiard Association (WPA). Developed by a team of programmers based in Sydney, Australia, our online Pool coaching site is aimed at teaching the game of Pool to people across the globe and creating a fun and interactive community of Pool players and enthusiasts."
they were supposed to have the "online pool world championship" and be sanctioned by the WPA, they kept pushing the date for this back many times and it never happened
other background about poolcomps.com is that it is ran by steven and peter worth and they are based out of australia, they sponser real pool tournies in australia and i believe they have sponsored euro tour event(s)?, they don't seem like bad guys, just a lil misguided, i always felt they were paying out too much money for online pool tournies and should invest more into real pool tournies, everyone knows pool needs all the help it can get, here's some more info from their site:
"There are three main goals of PoolComps.com
1. To educate players of all ages on how to improve their game
2. To increase the profile of Pool on a global scale
3. To help Pool make it to the Olympics"
i personally don't think pool will ever be in the olympics, but surely this isn't helping it's case, if anything it's showing exactly why it shouldn't be, this is all to familar and the sad thing is i'm not shocked it's basically business as usual for the pool world
i haven't seen anyone else post on here about the non payments, but i have talked to some in private about it, i felt it was best to wait awhile and see what happens, i think knowledge is power and the more that everyone knows the more likely that this problem can be solved, from my dealings with poolcomps in the past i can say that NOTHING they do will ever surprise me, they are very very unpredictable if anything, we could never be paid, they could pay out all the money tommorrow and have tournies going again with improvements and even a 100k online wpc anything is possible
in no way do i think that this is even close to what happened with the IPT, i just hate to see history repeat itself, and pool dig a bigger hole for itself, $7.50 a month isn't much even if u had 2,3, or 4 accounts, to me it is more of a time issue than a $ issue, the major tourneys took up to 12+ hours if u made the final and the $500 tournies took from 5-7 hours to complete
i haven't emailed them to ask what's going on but from what i have heard they haven't been responding to emails so it would be a waste of time anyways
i think that this is likely steve worth's name on here but he only came on it to post 1 message and hasn't really been back since, i will wait and see what people have to say about this and maybe will look to contact the wpa or try and get steve or peter to post on azb about whats going on
http://forums.azbilliards.com/member.php?u=9072
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