To: tickerup who wrote (1516 ) 3/4/1998 2:16:00 PM From: FawnVu Read Replies (1) | Respond to of 1574
An interesting analysis from Yahoo Message Board...ACCY will have its day soon!! Hang in there, friends!!! Subj: MREC...will do buddy! By: JOHNNYTOOBAD Date: Mar 3 1998 10:06 P.M PST Reply To: Msg. 452 by MREC Last week when asked about the kind of revenue they could expect to pull in, Damian felt confident that they could eventually meet and exceed the Fred Meyer Challenge. I may be wrong but I think the Fred Meyer Challenge is one event held every year in August. Albeit an event that is heavily sponsored with 12 years under its belt, I feel that the Classic Series with several planned events per year has the ability to eventually far outpace that event. With the immense growth and popularity of golf as of late, many sponsors are locking in 3-5 year deals with the already existing series leaving some otherwise interested companies shut out of the game. The Classic Series was set up to take advantage of that void. Lets face it, its all about money and how to best position yourself in the flow of it. A well run series of events could capture some highly lucrative sponsorship deals. With 3,6,8, and 10 planned events per year for 1998 - 2001 respectively, that adds up pretty quickly! Depending on the demand for such sponsorship arrangements from interested companies, it looks like they are flexible to the idea of adding more events as this snowballs. Below is an excerpt from thier business plan on the website. The Classic Series offers a high profile golf sponsorship opportunity for these potential sponsors and will be aggressively marketing major sponsorships to companies that fall into this category. By the same token, there are currently only two sponsors on the PGA Tour with contracts of 5 years or more. Most companies are more comfortable with 3-year deals, and this fact may also serve to strengthen the appeal of the Classic Series in the eyes of major sponsors in markets where the series is also represented. Similarly, the increased purses will result in an increase in price for all sponsorship positions with PGA Tour events. The Company believes that it will also be able to secure contracts with sponsors based on its ability to provide high profile, major sponsorship positions for the same investment as is required for a mid-level sponsorship with little or no exposure on the PGA Tour. Finally, the mandated increase in purse sizes by the PGA Tour will be significantly harder for some events to achieve than others. It is expected that cities that have played host to Tour events for years may lose the events if they are unable to support the increased purses. The Classic Series will be in a position to meet the existing demand for world class professional golf at a more affordable level for major sponsors. This situation, should it occur to any degree, could fuel a rapid increase in the number of events in the Classic Series. ps...these guys know damm well they have what it takes to make that situation a reality! Remember...the initial business plan for the Classic Series was written by David Marr Senior...like theres a chance in hell that this guy was fooling himself.