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Ashley's Million-dollar chess tourney - but bring your own clocks


  • 40 hours ago · Quote · #2721

    Darth_Algar

    Martin_Stahl wrote:
    Darth_Algar wrote:

    Right. Point being that if chess really is played by hundreds of millions then there's no need to "bring it to the masses" (as Ashley and MC's hype states) because it's already there (even if the vast majority aren't playing the game for glamour or wealth).

    Of the millions playing chess, most of them are not playing tournament chess or even following top-level chess. That was my take on "bringing it to the masses."

    And most won't be interest in doing so no matter how much Ashley tries to glam it up. For the vast majority of people chess is simply a plesant diversion played in friendly company and that's all it ever will be. And that's ok. Ashley wants to establish a big money chess tourney that will bring in a tidy profit and some measure of celebrity for him and his partners. That's fine enough on its own, he simply needs to be honest about his motivations. No need to dress it up as some noble effort to "bring chess to the masses".

  • 40 hours ago · Quote · #2722

    ashikuzzaman

    maskedbishop wrote:

    >I'll go on record right now and say they will be lucky to get 200-300 entries under current format.<

    I believe I predicted about 250 as well, a few pages back. 



    ... and I will multiple it by 3 and predict 750. Cool

  • 39 hours ago · Quote · #2723

    niemker8835

    I was hoping that MC would succeed, but their new prize distribution was a bad miscalculation. It is no secret that it is the lower sections that have carried American tournaments, and now they have cut into the payoff of the lower sections. I hate to admit it, but they have possibly ruined any chances of this succeeding with a wider range of players. Normally, the greater number of players are in the lower sections (by far), but with MC#1 the open section had the most; very unusual. Now, they will have an even greater disparity in the distribution of players, with even fewer going in the lower sections. This is not good; they will lose at least 150 to 200 players. Again, I hate to admit it, but I think they're doomed with this move; they desperately needed to increase the lower sections, now they will inevitably lower it.

  • 39 hours ago · Quote · #2724

    small_potato

    I think ultimately they would have had pissed off one group or another however they did the prizes. Last time better chess players in the open section won nothing and watched the entire field in some of the lower sections collect prizes. The concept is entirely doomed anyway until they announce that somebody actually wants to sponsor them in a way that injects a significant level of cash.

  • 38 hours ago · Quote · #2725

    rdecredico

    A smarter plan would have been to take smaller steps both with increasing the entry fees and the prize funds.

    Even better would be to buy out CCA/Goichberg (who would sell for the right number, I warrant, and that number is LESS money then what these fools are going to lose if they hold another event with such prizes).  Once they own a viable enterprise and brand they can modify it over a short period of time to tweak it into the starship they imagine.  

    Just as Goichberg makes the World Open his flagship and runs a bunch of loss leaders to get people to his big five events, so too could these clowns if they really set the right goals over the right period of time, running their beloved million dollar event (which is really not so much these days really, but...) and a host of satellite events to make it all stay afloat.

    Instead they try for the whole magilla in reverse order.  Not smart.

    It begins to look more and more that one person really has no vested interest in success so long as they keep their face in the limelight because the sets of decisions coming are really bordeline nuts as far as business acumen in this arena is concerned.

     

  • 38 hours ago · Quote · #2726

    niemker8835

    "...decisions coming are really bordeline nuts as far as business acumen in this arena is concerned."

    I sort of agree. Must first impression after the prize changes was that this decision was made by an out-of-touch GM who has very little contact with the vast majority of players, and/or, this was a change suggested in order to sell the idea that this tweaking would actually help, ie. keep the excitement and prospect up that this will succeed.

    I want to be wrong because Amy Lee is a very nice and hard-working person.

  • 38 hours ago · Quote · #2727

    rdecredico

    niemker8835 wrote:

     Amy Lee is a very nice and hard-working person.

    I believe this as well.

  • 38 hours ago · Quote · #2728

    woton

    In one of her blogs, Amy Lee acknowleged that a survey that they conducted netted them nothing because of its wording.  I think that this is the crux of their dilemma.

    They had no idea how many people could afford the $1000 entry fee.  More important, they had no idea how many would be willing to pay the entry fee.

  • 18 hours ago · Quote · #2730

    woton

    MC have also changed the entry fee structure.

    There's a 12% discount for the first 500 registering before Jan 31.

    The fee increases 25% after Mar 31, 50% after June 30 and 100% after Sept 30.

  • 15 hours ago · Quote · #2732

    TheGreatOogieBoogie

    Instead of focusing on huge expensive tournaments they should have more tournaments more spread out for reasonable prices (to reduce the need for travel) while of course still having  big (but still reasonably priced) tournaments.

    Pouring so much energy into big expensive tournaments only the rich can attend sounds like a big affront to the rank and file  USCF member. 

     

  • 14 hours ago · Quote · #2733

    woton

    aww-rats wrote:
    Amy Lee is supposed to have plenty of money, why do they need to get the bulk of the entries in by March 31? They surely can't earn that much interest on it.

    I also don't see the hurry.  From what I've read, Amy Lee is comitted to MC 2.  She should have already analyzed a worst case scenario to determine what her financial risk was.

    I can tell you from personal experience (I was the executor of a large estate), you can't make any money out there with "safe investments" (0.1% was the best I could do while meeting the fudiciary requirements).  So trying to earn some interest on the advance entry fees is an exercise in futility.

  • 9 minutes ago · Quote · #2734

    maskedbishop

    The whole thing was, is, and will be an ill-conceived disaster, both as a financial endeavor and as a chess event. 

    MC has done nothing for US chess. 


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