Barry Hearn has kindly answered all of the questions put to him by forum members in this thread - http://www.thesnookerforum.com/board...ad.php?t=23859
This thread has now been closed but I am sure there will be another one around May the 5th!
I also have a few questions for Barry which I will be asking him tomorrow at The RAC Club.
No it means the Academy only where I hope with a few design changes we can fit more than three people!
We will use the Academy primarily for qualification rounds, Q School and early rounds of new tournaments. We are paying a lot of money for the Academy and it has to be utilized in the most cost effective way.
Sorry Snooky, but we will agree to disagree.
New formats are essential if you want the game to survive and appeal to a wider, younger audience.
We must not have every tournament looking too similar. Each event should have its own personality and I think the new World Open is the beginning. 32 Amateurs from all over the world, early rounds played at the Academy, short formats giving a few surprises for press and TV, new faces getting a chance to shine.
I am so excited I have already bought my ticket! (Incidentally tickets go on sale in May – book early!).
PS Expect a better live scoring system and more internet streaming very soon.
Expect more streaming announcements soon. The Academy will be re-designed to cope with internet applications. On demand matches do not work by the way! Subscription channels can, as does encrypted betting channel applications.
As in any company, shares can always be bought and sold. 51% is the same as 100% to me as I believe it is vital to my plans that I have the final word after consultation with other interested parties – SPA, other shareholders etc. You will find I listen a lot actually, but then make the final decision.
For too long snooker’s decisions have really been made by self or vested interests, without taking into account sometimes the most efficient and productive way forward.
As I see it 24% will be allocated to commercial partners, who actually bring benefits to the game to the table. Not promises but actual deliverance.
25% will be offered to players, as I have set out. If players do not want to invest their cash these unissued shares will be held over for new qualifying players in the future.
If anyone subsequently wishes to sell their shares, they will be offered to the existing shareholders only after new qualifying players shareholder opportunities have been met.
It is not perfect you might say, but I think it hits the three main points I am trying to achieve:-
The prize money guarantees are spelt out – minimum of £4.5m for the next three seasons and thereafter a minimum of 5% (£225K) increase in each year or the commercial rights are handed back to the WPBSA.
Hopefully, I will do a similar financial job with snooker as I have with darts, where prize money continually rises and the commercial operation makes a profit for its shareholders. That way everyone is happy, but there are still lots of hurdles to overcome to achieve this.
Finally – the license from the WPBSA will guarantee that the Main Tour will not have less than 96 players on it with a maximum of 32 losing their professional card each season as is the case now.
Because the players keep getting maximums and it is getting too expensive to insure.
Basic cost cutting I am afraid.
Darts works. A series of majors backed up by an extensive Pro Tour. Ability is fundamental to success, but you must have enough opportunities to test your ability and then if you are good enough, you can become a major earning superstar that will make the sport the inspirational career to players that it should be.
In the past seven or eight years darts prize money has gone up ten fold and still the commercial arm of the game makes a seven figure profit (giving it reserves in case of unforeseen problems) and pays its shareholders a return of 50% on their initial investment.
That is what we need to do for snooker!
Firstly we will cut the losses (as we are) by running a more efficient business.
We do not need to raise cash from outside the game – I need shareholders that have a vested interest in making the sport successful, not just giving us money.
Sponsorship – I am talking to everyone, in every sector, in every country (got any budget left?).
Perception is everything in sport. We need much stronger PR/website activities to convince all the doubters that we are the sport of the future. It will take time and effort, but we will not fail.
It is the same as the FA Cup Pat. The bigger names come in Round 2 and the superstars in Round 3.
Random Draw.
Am I missing your point, or are you cracking up?
Already answered re maximum break.
Already answered re World Open.
I think it is essential to establish relationships with new broadcasters – at Matchroom Sport I currently work with over 100 international broadcasters – and free to air is my preference, but generally they are more difficult!
We are the World Professional Billiard and Snooker Association and we have enough problems kick starting the pro game at the moment. We give National Amateur associations Main Tour cards, so I would expect them to govern and invest in the Amateur game.
The Pro Tour qualification rounds for amateurs will help though. Re legal fees – I agree entirely – waste of money that over the years has cost snooker dearly. Will not be happening again – with control I can guarantee the in-fighting will be over once and for all. This is the single most important factor in my wanting control, so thank you for picking this point up.
This point is not for now. More important things on the Agenda – perhaps one for the future.
Already answered – no interest in floating at all.
As I have mentioned control is essential – I just cannot contemplate doing the job properly to see another gaggle of self interest ruining my plans. This is totally non-negotiable.
World Open point already answered.
As far as players and their costs are concerned this is quite normal in professional sports. Players have to have the opportunity but it is not a sponsored holiday! Look at golf, tennis, and darts where all players pay their own way, but have to win or make the cut before they get prize money.
Of course it is expensive and that is why we have to increase prize money and they have to have the ability to match their desire to be wealthy. It is not a hand out!
I am sure the SPA will take on the job of helping to reduce player costs, but for me as a promoter I see my job is to expand prize funds, so that successful players can change their lives.
I agree, but we have to get the professional game’s structure right first.
This thread has now been closed but I am sure there will be another one around May the 5th!
I also have a few questions for Barry which I will be asking him tomorrow at The RAC Club.
Originally Posted by crucible77
We will use the Academy primarily for qualification rounds, Q School and early rounds of new tournaments. We are paying a lot of money for the Academy and it has to be utilized in the most cost effective way.
Originally Posted by snooky147
New formats are essential if you want the game to survive and appeal to a wider, younger audience.
We must not have every tournament looking too similar. Each event should have its own personality and I think the new World Open is the beginning. 32 Amateurs from all over the world, early rounds played at the Academy, short formats giving a few surprises for press and TV, new faces getting a chance to shine.
I am so excited I have already bought my ticket! (Incidentally tickets go on sale in May – book early!).
PS Expect a better live scoring system and more internet streaming very soon.
Originally Posted by visionaire
Originally Posted by Souwester
For too long snooker’s decisions have really been made by self or vested interests, without taking into account sometimes the most efficient and productive way forward.
As I see it 24% will be allocated to commercial partners, who actually bring benefits to the game to the table. Not promises but actual deliverance.
25% will be offered to players, as I have set out. If players do not want to invest their cash these unissued shares will be held over for new qualifying players in the future.
If anyone subsequently wishes to sell their shares, they will be offered to the existing shareholders only after new qualifying players shareholder opportunities have been met.
It is not perfect you might say, but I think it hits the three main points I am trying to achieve:-
- I control a majority stake.
- Players get the opportunity to invest cash in the future of the game.
- Commercial partners are incentivised to help to propel the sport forward.
The prize money guarantees are spelt out – minimum of £4.5m for the next three seasons and thereafter a minimum of 5% (£225K) increase in each year or the commercial rights are handed back to the WPBSA.
Hopefully, I will do a similar financial job with snooker as I have with darts, where prize money continually rises and the commercial operation makes a profit for its shareholders. That way everyone is happy, but there are still lots of hurdles to overcome to achieve this.
Finally – the license from the WPBSA will guarantee that the Main Tour will not have less than 96 players on it with a maximum of 32 losing their professional card each season as is the case now.
Originally Posted by RGCirencester
Basic cost cutting I am afraid.
Originally Posted by Mr P
In the past seven or eight years darts prize money has gone up ten fold and still the commercial arm of the game makes a seven figure profit (giving it reserves in case of unforeseen problems) and pays its shareholders a return of 50% on their initial investment.
That is what we need to do for snooker!
Originally Posted by jonnylovessn8ker
We do not need to raise cash from outside the game – I need shareholders that have a vested interest in making the sport successful, not just giving us money.
Sponsorship – I am talking to everyone, in every sector, in every country (got any budget left?).
Perception is everything in sport. We need much stronger PR/website activities to convince all the doubters that we are the sport of the future. It will take time and effort, but we will not fail.
Originally Posted by pat39
Random Draw.
Am I missing your point, or are you cracking up?
Originally Posted by crush
Originally Posted by Looki
Originally Posted by 1lawyer
We are the World Professional Billiard and Snooker Association and we have enough problems kick starting the pro game at the moment. We give National Amateur associations Main Tour cards, so I would expect them to govern and invest in the Amateur game.
The Pro Tour qualification rounds for amateurs will help though. Re legal fees – I agree entirely – waste of money that over the years has cost snooker dearly. Will not be happening again – with control I can guarantee the in-fighting will be over once and for all. This is the single most important factor in my wanting control, so thank you for picking this point up.
Originally Posted by Cossie
Originally Posted by hegeland
Originally Posted by madman
World Open point already answered.
As far as players and their costs are concerned this is quite normal in professional sports. Players have to have the opportunity but it is not a sponsored holiday! Look at golf, tennis, and darts where all players pay their own way, but have to win or make the cut before they get prize money.
Of course it is expensive and that is why we have to increase prize money and they have to have the ability to match their desire to be wealthy. It is not a hand out!
I am sure the SPA will take on the job of helping to reduce player costs, but for me as a promoter I see my job is to expand prize funds, so that successful players can change their lives.
Originally Posted by stephen povey
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