Did Phil Heath cash his check?

[Hedgehog]

Fair enough, Hedge.  I do get too negative sometimes.

Bob, what do you think can be done to ensure that promoters are treated equally?  Mike Childress had to prepay 8 months in advance, but Vyotech didn't.  Doesn't seem fair to me, and it has caused some embarassment for the company as a result.

Calling people on their shit is of course good. Keeps things straight (no offense, Med ).

YIP
Zack

[Chick]

Actually Mike s the one who originally posted it and then Ron deleted it.  So those are the facts.  Why would the IFBB have different rule for each promoter.  How do they expect to keep things on the up and up when rules are written yet never followed.  There is NO rhyme or reason for this. 

Another question is who is the winner or the Hummer.  Now several people have said the winner actually works for one of the sponsors of the show.  If indeed he does just work for them, then usually he would be ineligible to win the Hummer.  Not to say how bad it looks when one of your sponsors win the grand prize.  Also, Phil may not ever complain cause he fears what might happens if he does. It is a fact and the history of the IFBB to punish however severe anyone who crosses their path in a negative manner.

In any case, it has been two weeks since the show.  Did everyones check bounce from the NY Pro.  Has something like this happened before.  Because the way it has been explain now with the bank holding funds and such all kinds of checks should have bounced from other shows. 

And the biggest question of all is why wasn't the prize money in escrow or guaranteed.  Why didn't VYOtech simply write a check to Heath for the $25,000 since they were the ones who donated that prize. And the other checks to the other competitors are just added fuel to the fire.  Why did so many checks bounce at the same time, yet not all the checks bounced. Which means either they came in personally to the bank on Monday and cashed the checks and by the time the other checks were posted their was no more money in the account.  As I said before the money they get from live ticket sales is not given to them till a few days after the show as the convention center has to do their accounting and take their cut.  But, why was the show relying on just the ticket sale money to cover the prize money.  Plus, why were there other checks not even asscoaited with prize money bouncing. 

Someone have Columbo's phone number

You mean like Jay Cutler when he allegedly failed the drug test, challenged the IFBB, threatened to sue the IFBB, etc....yeah...they've really stuck it to him since then.

The prize money IS guaranteed as per the Athletes rep's submissions last year which were passed and put into rule.

Vyotech DID write a check to Phil, and the rest of the winners...it was the bank error which held things up. Not a big deal.

ALL the checks in that account bounced because the BANK had some problems...hence, all the checks in THAT account...

Give it a rest already, Keith....

[Jerryme7]

Bravo Chick!!!

[240 is Back]

Bob, what do you think can be done to ensure that promoters are treated equally?  Mike Childress had to prepay 8 months in advance, but Vyotech didn't.  Doesn't seem fair to me, and it has caused some embarassment for the company as a result.

My guess is that Bob will let his hatred for me blind him from answering this question, which is fair and positive.  Bob, do you think a motion to ensure public release of information on funds being issued to the IFBB in advance for all athlete prize monies is needed?   Mike Childress should be able to SEE that VYO is paying the same money he is, the same 8 months in advance.  Would eliminate these PR black eyes, and would keep things fair between promoters- IE, not give one an advantage over another.  

Also, what ever happened with the Winston deposit for the Toronto Pro?  HE cancelled a month before the show was supposed to happen.  Did he give his deposit to the IFBB seven months before that, as Mike was told he had to?  If so, where did that money go.  If not, why didn't he have to make that deposit, even with his record for cancelling a show. thanks!

[Jerryme7]

Onlyme...you need to read this thread:   http://www.getbig.com/boards/index.php?topic=73340.0

It has the bank's apology

[Mr. Intenseone]

You mean like Jay Cutler when he allegedly failed the drug test, challenged the IFBB, threatened to sue the IFBB, etc....yeah...they've really stuck it to him since then.

The prize money IS guaranteed as per the Athletes rep's submissions last year which were passed and put into rule.

Vyotech DID write a check to Phil, and the rest of the winners...it was the bank error which held things up. Not a big deal.

ALL the checks in that account bounced because the BANK had some problems...hence, all the checks in THAT account...

Give it a rest already, Keith....

So to avoid "bank errors" why don't the IFBB request that the promotors place all monies into an escrow account 30-60 days before the event that way it gives them time to verifiy, hold, then release the money at the end of that period, it guarantees the checks will not bounce!!

[Jerryme7]

Its the bank's fault people!!!

[phyxsius]

Bank and sponsor is a DIFFERENT organisation people... Get that into your freakin' head

[Jerryme7]

No Hawaiian....this is Jerryme formerly of Ewa Beach, Hawaii

[240 is Back]

So to avoid "bank errors" why don't the IFBB request that the promotors place all monies into an escrow account 30-60 days before the event that way it gives them time to verifiy, hold, then release the money at the end of that period, it guarantees the checks will not bounce!!

Money was supposed to be there 180 days in advance so the IFBB could assure that there were no banking issues.  However, it sounds like VYO did not have to follow the requirements of other promoters.

[phyxsius]

Money was supposed to be there 180 days in advance so the IFBB could assure that there were no banking issues.  However, it sounds like VYO did not have to follow the requirements of other promoters.

Because Shawn Ray is running to show?

[Chick]

The money WAS/IS there...don't know how many times, or different ways BANK ERROR can be explained.

If some of you are too stupid to understand it...thats your problem.

[240 is Back]

Because Shawn Ray is running to show?

I don't think the IFBB by-laws allow ex-pros special exceptions when it comes to prize monies.

I'll add this to the list of questions that Bob Chick is afraid to address.

[Jerryme7]

ITS THE BANKS FAULT PEOPLE!!

See here for the apology: http://www.getbig.com/boards/index.php?topic=73340.0

this issue is just being dragged on when the bank has already said their apologies.....

[Robbie]

Some people in these parts love a conspiracy theory...

[Jerryme7]

what I want to know is...when is the second coming? is the anti-christ alive and living in our time? Did Roswell really happen? Did Flex Wheeler get jumped by ninjas? What actually went on in the Titus's house....

240...Onlyme....you have any theories?

[Mr. Intenseone]

The money WAS/IS there...don't know how many times, or different ways BANK ERROR can be explained.

If some of you are too stupid to understand it...thats your problem.

Escrow account = Very little chance for bank errors and saves you the time to reply to stupid threads like this. You want to act like the big boys then play like the big boys.....MLB escrow accounts....NFL escrow accounts, etc,etc,etc...you get the idea!!

[240 is Back]

The money WAS/IS there...don't know how many times, or different ways BANK ERROR can be explained.

If some of you are too stupid to understand it...thats your problem.

If the IFBB had enforced its rules in a uniform, consistent, and fair manner, we would not be having this conversation, Bob.

No one will talk about why VYO didn't have to follow the rule that all prize checks are due to IFBB 180 days before the show.

[kmhphoto]

If the IFBB had enforced its rules in a uniform, consistent, and fair manner, we would not be having this conversation, Bob.

Although their bank could also have made an error?

Considering how vocal you are about the IFBB, Shawn, Vyotech and their handling of their business, I wonder why you aren't asking about the monetary affairs of the PDI?
If the IFBB allowed a promoter to run a sanctioned show depsite previously being unable to pay the athletes you'd be shouting louder than the athletes themselves! How come the PDI's first show doesn't meet with such vocal volume?
How much is the PDI - Wayne - asking for sanction fees?
Do the European promoters have to pay upfront?
Sorry, no need to answer that, there are none!

[240 is Back]

Although their bank could also have made an error?

Could have.  but didn't.   It was VYO's fault.  When the IFBB handles EVERY show's prize checks, there aren't problems.  But when VYO handles their own finances in lieu of IFBB rules, there are issues.  If they would have followed their own rules, there wouldn't have been this problem.

Considering how vocal you are about the IFBB, Shawn, Vyotech and their handling of their business, I wonder why you aren't asking about the monetary affairs of the PDI?
If the IFBB allowed a promoter to run a sanctioned show depsite previously being unable to pay the athletes you'd be shouting louder than the athletes themselves! How come the PDI's first show doesn't meet with such vocal volume?
How much is the PDI - Wayne - asking for sanction fees?
Do the European promoters have to pay upfront?
Sorry, no need to answer that, there are none!

I didn't talk about Shawn's ability to pay the bills until AFTER the show when checks bounced.  I could care less HOW VYO pays their winners, as long as they pay them.  Likewise, I don't care if Wayne has zero sponsors and pays all $150,000 in prize monies from his OWN POCKET. Many businesses operate at a loss for the first year or two.  As long as the checks clear and the shows are run nicely, do you really care where the $ comes from?

And for the record, there are a few sponsors already.  But that's not for me to publicly reveal.

[onlyme]

No Hawaiian....this is Jerryme formerly of Ewa Beach, Hawaii

Were you here when I was in Honolulu.  Do you know me

[onlyme]

Chic nothing against you.  But I do not understand why you are on here defending anything but what happened to Phil and 8 other competitors.  WHy are you even addressing this issue.  It has NO concern of yours.  You are not the promoter.  You are not the sponsor.  You do not work for the bank.  Where is Jeff Taylor or even Sean.  Did you scan the actual fax from the bank.  As much as you and the others want to just glide over this issue it is a very imprrtant issue.  How many athletes is Sean going to have next year when they have to worry about getting paid. I am making another prediction (that will come true like all mine on the Colorado Pro) that next year there will be worse competitors and less of them at Seans show.  This is a huge black eye for the show and the IFBB, simple as that no matter how many times you say its the banks fault.  What will prevent this happening next year and worse.  Nothing will prevent it.  You should be kicking some ass trying to figure out how come this happened and who dropped the ball with the check writing.  I would love to see the daily balance on the account to see exactly how much money was in there.  i know I won't and thats no problem but I bet it supports what I am saying.

[onlyme]

what I want to know is...when is the second coming? is the anti-christ alive and living in our time? Did Roswell really happen? Did Flex Wheeler get jumped by ninjas? What actually went on in the Titus's house....

240...Onlyme....you have any theories?

Yes it was the banks fault on all these.  I swear how come anyone banks at US Bank is beyond me

[kmhphoto]

And for the record, there are a few sponsors already.  But that's not for me to publicly reveal.

That's rather odd. Sponsors normally want as much publicity as possible. Isn't it a form of advertising?
Maybe we could start a new magazine for them. We print blank pages and charge them $5000 a page!

[240 is Back]

  How many athletes is Sean going to have next year when they have to worry about getting paid.

LOL... I didn't even think of that. 

No way Darrem returns- he was pissed and he's above it.
No DJ, no Luke, no King- all King enemies.
Phil? Maybe, depending on how mad he is about his money.

One black eye after another.  Like a wise man once told me- you don't have to bring down the IFBB.  They're doing a fine job of that on their own