The $234,000.00 in prize money
The event is a high stakes race, meaning that yes the money comes from the enterence fee's paid. This is why it is important to enshure a system or manner of collecting the funds, that each enterant or sailor would be comfortible with, enshureing them that if the minimum number of enterants were not achieved by a certain date, that any funds (deposits) paid would automatically be returned back to those that entered.
So, how much is the “vig?”
How much of the entry fee goes towards expenses?
What’s your cut?
Have you done any forecasting on what the expenses will be?
Do you have an organization in place to execute the pre-sail, sail and post-sail activities?
Who are you? When talking about $234,000 of other people’s money you’d be much more believable if you could spell entrance, ensure, entrant, comfortable, ensuring and entrants. Did you ever live in B.C. and were involved in Australian imports?
