EBU v Other countries Where does all the money go?
#1
Posted 2012-June-06, 12:16
Where does all the money go? I suspect the headquarters is absurdly inefficient - they have around 25 full time admin staff. This is not including all the directors. I'm wondering how this compares with other countries in Europe or down under. The ACBL is probably even worse than us though.
#2
Posted 2012-June-06, 12:19
wank, on 2012-June-06, 12:16, said:
Where does all the money go? I suspect the headquarters is absurdly inefficient - they have around 25 full time admin staff. This is not including all the directors. I'm wondering how this compares with other countries in Europe or down under. The ACBL is probably even worse than us though.
There are no prize tournaments in the ACBL. There used to be some, but they were separate from the regular tournaments.
#3
Posted 2012-June-06, 13:16
- hrothgar
#4
Posted 2012-June-06, 13:24
#5
Posted 2012-June-06, 13:51
Even with 2000€ prices in La Manga where you played, the organizator of the event was know to live all year just from what she made from that tourney due to comissions from the hotel rooms during all the week.
In the other hand you have Biarritz tournament in south France, very popular Zia Mahmood and Lavazza team uses to play it. Lasts for 10 days, but talking just for the main evet, I remember 230 pairs showing up, first pair got 3000€, but we finished 9th and got only 300€ (less than what we payed for entry fee+hotel) with around 35000€ from entry fees, and the tourney being sponsored by lavazza they just gave about 7000€ in prices
#6
Posted 2012-June-06, 14:06
- The EBU makes a profit on its tournaments. These profits aren't just used on admninistration - they also fund, for example, teaching and international teams.
- I expect that venues cost a lot more in England than in Spain.
- English events rarely obtain significant sponsorship. Events in continental Europe always seem to have half a dozen different sponsors.
The EBU's accounts for 2011 are here:
http://www.ebu.co.uk..._statements.pdf
On page 16 you'll find figures for each EBU tournament.
Taking Brighton as an example, the costs as a proportion of entry fees were roughly:
Venue: 36%
Prizes: 19%
TDs: 30%
Other: 9%
Profit: 7%
#7
Posted 2012-June-06, 14:11
Not sure about EBU but in Spain there is a TD that I hear he wins 3000€ per tourney, and I mean 3 sessions of 24 boards. This is one of the reasons I got my TD license, I'm pretty sure I can do it much better than him.
#8
Posted 2012-June-06, 15:00
Fluffy, on 2012-June-06, 14:11, said:
In the EBU most TDs earn closer to 5% of that. And lets not forget that the TD costs quoted include their accommodation & travel expenses.
London UK
#9
Posted 2012-June-06, 15:23
(Was odd to run into people I knew at that, I remember Mrs "thebiker" so I presume the man himself was also there).
#10
Posted 2012-June-06, 16:23
that they lack sufficient human resources to complete this task seems a little odd considering their staffing levels. by comparison, the welsh bridge union (for, yes, a smaller population) i was told has 1 full time staff member and 1 volunteer.
#11
Posted 2012-June-06, 16:41
#12
Posted 2012-June-06, 16:48
wank, on 2012-June-06, 16:23, said:
I think that the EBU's options are extremely limited with regard to venues anyway. I am sure that few people would like to move the Summer Meeting away from Brighton, but what other place there has the space and is remotely affordable? Similarly in Bournemouth -- the place is an absolute tip, but the EBU simply cannot afford nice places.
Last weekend the EBU significantly lowered the entry fees and prize money compared to last year. Only a small proportion of members win prizes, so I guess the lower entry fees are a good thing, as they make the event more affordable.
Still, only one pair or team can win an event, so the secondary goal is to get into the prizes. It's nice for a fair few people to get prizes and for the prizes to at least make a dent in the weekend's bar bill.
EDIT: I seem to recall that in Europe the venue is often a sponsor of the event, rather than the biggest expenditure.
This post has been edited by Vampyr: 2012-June-06, 17:01
#13
Posted 2012-June-06, 16:52
#14
Posted 2012-June-06, 17:03
gordontd, on 2012-June-06, 15:00, said:
Yes, indeed. On average, the TD costs are 20% of entry fees. I suspect that the main reason for the high 30% figure for the Brighton Congress is the very expensive prices being charged by Brighton hotels.
#15
Posted 2012-June-06, 17:19
Vampyr, on 2012-June-06, 16:48, said:
Last weekend the EBU significantly lowered the entry fees and prize money compared to last year. Only a small proportion of members win prizes, so I guess the lower entry fees are a good thing, as they make the event more affordable.
Still, only one pair or team can win an event, so the secondary goal is to get into the prizes. It's nice for a fair few people to get prizes and for the prizes to at least make a dent in the weekend's bar bill.
EDIT: I seem to recall that in Europe the venue is often a sponsor of the event, rather than the biggest expenditure.
I think you may be right about fewer prizes, but what do you mean by "significantly lowered" entry fees? According to the EBU diaries:
2010 Spring Bank Holiday Entry Fee - Full Congress £84
2011 Spring Bank Holiday Entry Fee - Full Congress £88
2012 Spring Bank Holiday Entry Fee - Full Congress £93
#16
Posted 2012-June-07, 12:35
jallerton, on 2012-June-06, 17:19, said:
2010 Spring Bank Holiday Entry Feee - Full Congress £84
2011 Spring Bank Holiday Entry Feee - Full Congress £88
2012 Spring Bank Holiday Entry Feee - Full Congress £93
According to the feedback form at the event, they had 'significantly reduced' the entry fee and lowered prize money as well, we were asked what we thought about that. Very odd that as you say it doesn't seem to be true.
#17
Posted 2012-June-07, 12:35
Vampyr, on 2012-June-06, 16:41, said:
Do you know it hasn't happened? Do you know how many staff the EBU had 5 years ago, and how many it has now?
In 2008 they had 20 employees including 4 part time.
Now they have 18 includes 5 part time.
It's certainly gone down. Whether they are over-staffed or not I don't know (I would guess yes) but if we're going to discuss it, it would be fair to use accurate information.
#18
Posted 2012-June-07, 18:48
FrancesHinden, on 2012-June-07, 12:35, said:
LOL I had no idea what the prices were; I foolishly assumed that they were telling the truth on the feedback form.
#19
Posted 2012-June-07, 20:35
Fluffy, on 2012-June-06, 14:11, said:
If the prize money is better than what the directors are paid, then you will get bad directors - all the good directors are very good players as well, so they would rather play because they will get more money that way.
#20
Posted 2012-June-07, 22:35
Quantumcat, on 2012-June-07, 20:35, said:
Not all directors are very good players, but in any case their fees and accommodation are guaranteed. The prize fund would have to be pretty spectacular for their equity to be the same.