Imortant Post
After weeks of trying to get money back/barter with the hotel I regretfully am faced with informing everybody that there is not going to be any prize money at this time from *Pound*. The hotel was rented out on a sliding scale of rooms rented and that would lower the cost of the venue. I got a really amazing place in a convenient location because we expected MORE entrants. We budgeted so we would be still fine with COMPARABLE entrants. However with over 100 entrants less for melee and like 60 less for brawl, being short those funds/hotel rooms really screwed everything. I'm taking a slight hit myself for even hosting the event.
I still held some hope even through the event the funds I collected in person would be enough to at least PARTIALLY pay people out and give them SOMETHING for their performance. However so many people cancelled their rooms or no-showed the weekend of the tournament that it dropped the room rental down below the threshhold and I got charged EVEN MORE (the money I planned on paying entrants).
The place was crazy expensive but everything would've been fine with a more expected turnout. This mixed with people cramming into rooms (I saw a ton of rooms with extra people in them. More people=less rooms rented=more money I have to pay to hotel=less prizes).
I had to rent out a certain # of rooms to fulfill my contract, and once I rented these rooms I tried to bribe people to get into these rooms for cheap and use that money to help fund the tournament.
With Pound 4 being so successful and the biggest downfall being the distance of travel between the hotel and the airports, and with the new venue being right next to an airport with the venue INSIDE the hotel, along with all the promotional deals, we expected such a larger number than what we got.
This is why there was no internet at the venue and why I went out and got my own PA system for 1/5 the price of the venue PA system. I knew coming into it that prizes were going to be tough and maybe smaller but the room cancellations the weekend of the venue was really the nail in the coffin. There were over 30 cancellations the last week and I had bought out the difference of rooms (had to because of my contract) and so even with the 90 rooms I was forced to purchase it still came up short and cost even more money.
I am at least glad everyone had a good time while they were there before I had to drop this bomb..... I was really hoping it wouldn't come to this. The event was overall just not successful at all on a financial level. I really apologize again and I know it won't do justice, and I know I'm going to get tons of **** for it but there is absolutely nothing I can do at this point.
So....I'm sorry again...I never expected this and when I saw it slightly starting to happen I tried my hardest to get more people to come and to find alternate ways to make money, but to no avail. I'm probably not going to really log back in to check this much because I already know the backlash I will get and it will just make me feel worse so I'll just leave it at that.
I guess thats the best I can do as far as this post goes...... I had to let everybody know, hopefully my friends realize that this was just a horrible misjudgement/sequence of events, but I definitely do expect people to be pissed, clearly I would too, but there is nothing that can be done at this point so all I can do is say "I'm sorry" like a broken record.
so....
I'm sorry