The
International Pool Tour is a professional sports tour created in 2005 by
Kevin Trudeau. It aims to elevate
pocket billiards, specifically
8-ball, to the level of other modern sports. Closely modeled on the
PGA tour, the IPT is offering the largest prize funds in pool history, including over $8 million in its first full year, 2006. Shortly after being founded in 2005,
Deno Andrews was brought on as Tour Director.
The league currently consists of 150 players. At the end of the 2006 season, the bottom 50 players are eliminated from the tour and replaced with the top 50 of the 2007
IPT Tour Card Qualifier. Everyone who makes the cut for the 2007 season is guaranteed $100,000 prize-money — but much more can be earned through tournament wins and bonuses. The IPT has already been credited with revitalizing the sport and bringing the game to a higher standard.
In 2006, the IPT secured major television contracts with
OLN and
Eurosport. OLN is currently running a television show produced by the IPT. The show premiered on June 4th, 2006 on the OLN network. Eurosport will broadcast live from each IPT event to millions of potential viewers across Europe. This coverage is unprecedented in the sport of billiards.
In September 2006, just prior to the
IPT World Open Eight-ball Championship in
Reno, Nevada, Kevin Trudeau announced that the IPT had entered into an agreement to be acquired by Ho Interactive, a new company started by casino owner billionaire
Stanley Ho. Two new sponsors were also announced offsetting the bad news that the IPT championship scheduled for October 2006 in
London,
England, had been cancelled.
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In October 2006, the IPT cited confusion pertaining to the delivery of competitor payment checks and factors related to its impending acquisition by Ho Interactive as key causes. Tournaments have been postponed and are officially being rescheduled. Tentatively, the IPT was targeting February and March 2007 for the next season for the tour, but as of August 2007, the future of the IPT is uncertain.
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Prize money delays
On
November 1,
2006, approximately
US$3,000,000 in prize money from the Reno event remained unpaid to the participating players. As of August 2007, the IPT players have received six installments, totalling 60% of their total prize earnings, for the Reno event in bimonthly payments.
As of January 2007, the IPT season has still not been determined, with plans to be announced on April 15, outlining the 2007 and 2008 seasons. As fo August 2007, the future of the tour remains uncertain. The IPT is in the process of revamping their business model based on unforeseen legislation outlawing online gaming in the United States. Without their major online casino sponsor, the IPT must undergo a substantial change to its business model. The most important updates are as follows:
• Players from the 2006 World Open will continue to be paid monthly until paid in full. Payments will be made on the first of each month. The amount of each payment will be determined each month and may vary from time to time. It is the IPT’s full intention to get everyone paid in full by August 2007.
• The IPT has noted so as to all those who entered the 2007 Tour Card qualification tournaments, if the IPT isn't capable of fulfilling commitments relating to the 2007 Tour, qualifiers will be refunded their enrollment fee.
Tournaments
External results
Click here for more details on International Pool Tour
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