Arbitration required regarding staking

[LeKnave]

Man how is this difficult.
You bought 25% which means you get 25% of the seat won. Why do people move the goal posts after they win summut. Forget trying to sell back the share just have 25% of the next event, you both must have known this seat was added before the event began and if not who cares.

this is deffo right

I agree, when the % was bought, you both obviously knew that a seat was added if you won the thing. So you get 25% of any cash/seat imo.

yes, but if the guy who won the seat wanted to buy it back he should have to pay the value that its worth.  And the true equity is probs > 1.0.  So if he wants to buy it back he should pay an approximate value of it.

[ChipRich]

Sorry yeah, misunderstood the thread Q.

[thetank]

The bare value of the seat in comp2 is only £550, nothing more.

He adds to that value with his silky skills when he plays the comp.

He didn't win these aforementioned silky skills in comp1.

[AlexMartin]

Man how is this difficult.
You bought 25% which means you get 25% of the seat won. Why do people move the goal posts after they win summut. Forget trying to sell back the share just have 25% of the next event, you both must have known this seat was added before the event began and if not who cares.

this is deffo right

I agree, when the % was bought, you both obviously knew that a seat was added if you won the thing. So you get 25% of any cash/seat imo.

yes, but if the guy who won the seat wanted to buy it back he should have to pay the value that its worth.  And the true equity is probs > 1.0.  So if he wants to buy it back he should pay an approximate value of it.

he shouldnt be allowed imo, you decide pre comp that he will play it and % deal will carry.

[sovietsong]

lol @ all this

Having to pay a premium on your own action is absolute tez imo

That's like a taxi driver wanting to drive himself to the 24hr shop on his day off, but waiting till 6am so he won't have to charge himself as much of a fare.

 

[LeKnave]

he shouldnt be allowed imo, you decide pre comp that he will play it and % deal will carry.

but if he wants the % back and rupert is happy to sell it back then a price has to be agreed upon.

[gatso]

he shouldnt be allowed imo, you decide pre comp that he will play it and % deal will carry.

but if he wants the % back and rupert is happy to sell it back then a price has to be agreed upon.

I find it quite easy to put a price on a £550 entry into a tournament. I'll give you a clue, it's £550.

do you think if he was allowed to unregister and take the cash he could ask them for £660 cos that's what it'd be worth to him if he played cos he has skillz?

[LeKnave]

I find it quite easy to put a price on a £550 entry into a tournament. I'll give you a clue, it's £550.

no it isnt thoooooooo, DUCY?

the value/equity of his 25% share isn't £137.50, so Rupert isn't going to accept that, he'd just let it ride. 

[thetank]

Put Rupy paid for skillz in comp1 only, why does he auto get free skillz in comp2?

[ShatnerPants]

Caveat Emptor

Sounds good, eh ?  Shame I haven't got a clue what I'm talking about in latin.

But 'Let the buyer beware'

As the purchaser, it's up to you to sort out the details in advance.  You didn't.

Therefore you lose out trying to define them now.  For next time, agree about the seat in advance.  It's easy.

But for this one.  You agreed a cash only deal.

And that's what you've got.

25% of the cash value of the prize.

If he's a mate, stop arguing now, and put it down to experience - learn from it. 

[geeforce1]

Put Rupy paid for skillz in comp1 only, why does he auto get free skillz in comp2?

he gets 25% of the skills in comp 2 cos thats what he paid for at the start in comp 1. if he has a problem with giving away free labour in comp 2 then i suggest he doesnt offer 25% of any comp that gives away free seats. i wouldnt judge comp 1 and 2 exclusively.

if the only way a player could get into comp1 was thru backing then why should he take more of the prizepool by isolating the backer out of the value of the seat. 25% carries fwd

[relaedgc]

If I agree to get 25% of what you win and you go on to win £1000 in cash plus a seat into a £1000 comp, then I'd be expecting to get £250 cash and 25% of whatever happens in the £1000 comp.

[LOJ]

If I agree to get 25% of what you win and you go on to win £1000 in cash plus a seat into a £1000 comp, then I'd be expecting to get £250 cash and 25% of whatever happens in the £1000 comp.

+ 1 simple.

[Snatiramas]

I say ban staking!!!!

or is that stalking.....I can never remember

[TheChipPrince]

Surely if this deal is with a friend it hardly needs public forum to sort things out between you?