Hello guys,im a portuguese backer, that stake Mtts and SNG's, for 3/4 years.

I run my stable alone and its me that take all the decisions (select players and discuss with them the conditions, provide the coaches, and all that).

By default i dont use a formal contract, and set all with the players at Skype/email.


The situation:

In August 2015 (i think), one other portuguese player, with who i spoked before, told me that thought in create a Spin and Go Stable, and need a backer.

We discussed the conditions, and define the %s for each one of us.

He do the first selection of the players (quality) and coach them, and i search them to see if have any issue and provide the bankroll to play (and only to play, we didnt set any other obligation for the backer).

In this case, since was a bit diferent and i dont have full control, i create a contract, that player receive and sign, and both backer and coach agree.

We only had one player, and all things was going ok. He coach the player, and i provide BR when need cause limits increased, and receive my share of profit, when we split.

The deal was set for a number of games, with no make up.

At some point the coach demand that i buy a HUD software for the player, cause he will need it.

I told him that i never bought individual software to my players, normaly only subscriptions (sharkscope or vids), and since i didnt assume that obligation, or we both support or we all support the payment (player too), considering i only have 1/4 of the total winnings.

He insist for 2 times, and i explain him why i dont feel i should buy the HUD.

1/2 days after, the coach (that decide that its much more then that in this case) decide to brooke the contrat with me, and took the player away (cause of that, nothing else).

Since the player had a negative seassion the day he brooke the deal, he sent the BR without that part of my money.

The number of games played was less then 1/5 of the number we set in the contract.

So, im looking for your opinions and replys to this questions:


1) Since i didnt commited to buy any software (we never spoke about that, until coach asked), the coach/player have reason to leave?

2) Its my first Soin n Go horse. Backers of that games always buy the software for the players?

3) And if u answer "yes" in other question, u define that previous with the player?

4) Player have reason to break the contract and leave, considering what we set in the contract?

6)The deal was with no make up, but considering the player brooke the deal, shouldnt he sent the full BR he received?

5) I decided to report the player (at least), in negative feedback here, he deserved or not?



The coach reply to the email i sent him and to the player, but i will wait for your toughts, before share that, so u dont feel any type of influence


Sorry if was too long, i tryed to cut a lot!!

A lot of viewers, but no posts.

Feel free to give your opinion, even if dont want to answer the full questions.

Tks

i also wasn't gonna reply but here goes. =p

1) doesn't sounds like a reason to me.
2) no idea
3) i generally will buy software cuz i see it as an investment. but hopefully i'm right about it.
4) i'm sure there's no reason to break contract dunno, coach probably just wanted to go on his own afterall.
6) what did he send back exactly? should def get back all of it. i think if i'm reading this correctly.
5) sounds like a complicated, i would love to try someday the same but i was worried about the complications. so it's cool to read a thread about it. not sure if it was the coach or the player at fault maybe both i dunno. politics.

haha i tried. those are my opinions although i'm still kinda confused about the details of what went on. =)

why didnt coach get him to use jivaro or fpdb etc.
how many games was the contract for? i.e at an expected win rate over x games could you recover cost of hud ignoring any other considerations of return on investment, risk of player nicking money etc. if you can't recover cost of hud off your 25% share don't see how they can argue that you should pay for it. How did player get his deal if he couldn't provide stats etc.
seeing the terms of the contract would probably help others give better answers

Tks for the reply.


He sent 450$ of a total of 500$ he received.

Will try to clarify the terms and conditions of the contract (can even copy/paste some of them), so anyone that reply, have as much information as possible.

Will make a new post in couple of hours with that aditional info.

Tks for the reply.

Its not a standart HUD software, like PT4 or HM2, cause the player use PT4.

Its more like a configuration of a HUD, for Spins, that cost 100$.

The contract was for 30K games.

I could recover the investment i need to do with the HUD, but i dont buy Huds or similar software to any of my players, and since we didnt set that previous, i dont think i have to support that cost (considering player its getting 50% of the profit and coach 25%, like me).

Will post part of the contract later, but its a simple contract, with five articles only.

Let me post some of the articles of the contract:

Article 1º
General Terms
1. This staking agreement, from “DATE”, is a contract between ………, and ……….. . This contract ensures financial backing in Spin and Go tournaments and for the sharing of all profits from those tournaments, as explained below.

2. This document represents the entire agreement, and any amendments must be made in writing and be signed by both parties.

Article 2º
Games conditions
1. The player agrees to play, in exclusive for the backer, a total of 30.000 “spin and go” tournaments, that can be played at Pokerstars .com/eu

2. The player will start playing $3 or $7 spin and go, with the opportunity to increase limits, with and only the backers concent, via email or skype.

3. At any time, the backer can decrease the limits, with the guarantee that it will never be lower then $3


Article 3º
Staking Bankroll
1. The player will only play with the money in which the backer sends him from “date”, which will range from 20 to 50 buy ins of the limit he should play.

2. Every time the bankroll drops below 7 buy ins, the player should ask the backer for a reload, and the backer will provide that in the quickest time possible.

3. The player must not use the money from the bankroll or any other profits, before splits, etc, for any other purpose, except to play the stake that both parties agreed.

4. Player to player transfers are forbidden, unless for the backer or with his authorization.

5. The player should send to the backer all the excess funds he received, if and when the backer asks.

6. To confirm the integrity of the Bankroll and that the player doesn’t play any other games or transfer money to others, audit files, sharing screens or any other type of control system, can be used or asked for at any given time.


Article 4º
Spliting profits
1. The profits will be split like this:
a. 60% for the backer and 40% for the player
b. As soon as player reaches 75 chip ev at 7$, in the last 1000 games, cut will be 50%-50%.
c. If the player's chip ev decreases, for lower then 60, the cuts could be changed, with a higher % to the backer, with a maximum of …….
2. Profit is all the money above the total bankroll received, after stakeback.
3. The splits will be made each Sunday, before session, if the profits are below 300$.
4. Each time the profit is above 300$, the split will be made at the end of the session.
5. The player will send the share of the backer in two equal parts, one part for …., and other for Luisribas, the way the backer has told him.
6. If split will not use player to player transfer from Stars, the backer will support any type of fees, in case they exist, for there part.



Article 5º
Final Considerations
1. Once the Stake is in play in a tournament this agreement is binding for that tournament and cannot be terminated by either party.

2. If the stake is not currently in play in a tournament the backer can terminate the agreement at any time .

3. The backer can terminate the agreement through written or verbal notification to the player, either in person or via phone.



And the make up its not only in the contract, cause i sent that part in a previous contract to the coach, but he made minors changes, and that part disapear.
When i did the final review, i didnt notice that, and was sent to the player without the make up part.

Feel free to do any questions.