the promoters are required by ifbb rules to pony up $50k sanction fee, 6 months before the show, correct?
I wonder if they have $150k sitting in a bank somewhere from the promoters of the shows who cancelled late.
Or, is this rule not enforced for certain promoters?
No, that's not correct. Not sure where you came up with the $50K figure....no pro shows have a sanction fee of $50K.
THe show shoeld never have been put on the schedule to begin with....
The rules state that the sanction fee be paid and the prize money be put into escrow before the show takes place...not sure of the time frame, but I'm sure it's not 6 months....
That said, no contracts have been signed to do the show from athletes, only in the event the show was canceled from the 6 week point in to the show, would the athletes that contracted to do the show, be eligable for any compensation from the sanction fee paid.