All It Takes is a Little Sand and Lots of Balls
On Friday, the AVP (Association of Volleyball Professionals) announced that the remainder of the 2010 beach volleyball season was being canceled for economic reasons. CEO Jason Hodell and commissioner Mike Dodd sent the players an e-mail that said, "As of now, the AVP will be closing the doors. It is with a heavy heart that we must tell you that despite a valiant effort by all and a flurry of investor interest, we have been unable to secure the necessary financing to continue the season."
The AVP was unable to acquire the four million dollars necessary to run the remainder of this year's tournaments. $4M? Does that include the gilded volleyballs and diamond-encrusted nets? Can the beach volleyball tour really have that kind of overhead? Maybe the local gas stations up and down the California coast charge $10,000 per minute to use the air pumps.
They have corporate sponsorships (with the likes of Gatorade, Bud Light Lime, Rockstar Energy Drink, and KFC in the past), television deals with ESPN/ABC and Universal Sports, and also generate revenue by charging admission to the tournaments. So, where did all of that money go?
As evident by the Ramen noodles and numerous boxes of mac & cheese in my kitchen cabinets, I am no master of high finance. Yet if you gave me $4M, I think I could get at least another five years out of the tour. Someone needs to explain to me how a tour featuring scantily-clad, toned and tanned athletes can possibly fail?
Thanks for coming and suckling Daddy's Sugar Ball
The AVP was unable to acquire the four million dollars necessary to run the remainder of this year's tournaments. $4M? Does that include the gilded volleyballs and diamond-encrusted nets? Can the beach volleyball tour really have that kind of overhead? Maybe the local gas stations up and down the California coast charge $10,000 per minute to use the air pumps.
They have corporate sponsorships (with the likes of Gatorade, Bud Light Lime, Rockstar Energy Drink, and KFC in the past), television deals with ESPN/ABC and Universal Sports, and also generate revenue by charging admission to the tournaments. So, where did all of that money go?
As evident by the Ramen noodles and numerous boxes of mac & cheese in my kitchen cabinets, I am no master of high finance. Yet if you gave me $4M, I think I could get at least another five years out of the tour. Someone needs to explain to me how a tour featuring scantily-clad, toned and tanned athletes can possibly fail?
Thanks for coming and suckling Daddy's Sugar Ball
Posted by Max Power at 8/17/2010 8:00 AM 
Categories: uncategorized
Tags: Mike Dodd Association of Volleyball Professionals AVP Jason Hodell
Categories: uncategorized
Tags: Mike Dodd Association of Volleyball Professionals AVP Jason Hodell
Hell, all you need to do is arrange a set of celebrity matches featuring young Hollywood starlets, singers, and choice professional athletes from other sports to accompany your tour matches at a few events, and you'll pull in that $4 million threefold. I suspect most of the missing money is up someone's nose.
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Or they could be trucking around the volleyball equipment in Hummer limos, no expense spared.
DEFI has it right, get a celeb game or something, and I'm sure they could of gotten a few bucks in. Sounds like to me that I would not want to have their accountants working for me if I was running something
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