DOCSLIB.ORG

GLYNN COUNTY RECREATION & PARKS DEPARTMENT 323 Old

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
GLYNN COUNTY RECREATION & PARKS DEPARTMENT 323 Old GLYNN COUNTY RECREATION & PARKS DEPARTMENT 323 Old Jesup Road; Brunswick, Georgia 31520 (912) 554 – 7780 / Fax: (912) 267 – 5744 WEATHER HOTLINE: (912) 554-7781 www.glynncounty.org/recreation Our Mission: To provide quality, year round recreational activities, facilities, and services that are safe, fun, and enhance the quality of life for all. MEMORANDUM TO: Board of Commissioners VIA: Finance Committee FROM: Lisa Gurganus, CPRE, CPO, Recreation and Parks Manager DATE: November 27, 2018 RE: Request to increase Recreation and Parks FY2019 expenditure budget due to Hurricane Irma damages STATEMENT OF THE ISSUE: Hurricane Irma hit Glynn County on September 11, 2017. As a result of the storm, two tennis courts (courts 5 & 6) and the fence surrounding the courts at Epworth Park received extensive damage from fallen trees and heavy wind. Removal of the trees that fell onto the courts took several months, as contractors were overburdened with the huge task of clearing roadways, neighborhoods, and other highly active areas of the County. Once these trees were removed, staff assessed the damage to the courts and notified County officials so this could be included in the scope of work report to FEMA. Staff developed specifications and obtained quotes to repair the damage. The lowest qualified bidder was Talbot Tennis with a quote of $8,000 to complete the repairs. This information was submitted to the Finance Department. Staff received notification in August 2018 that we could move forward with the repairs. A purchase order to Talbot Tennis was issued in early September. The work was scheduled and completed in mid-September 2018. Reimbursement has been requested from FEMA. ALTERNATIVES: A. Approve increasing the Recreation and Park FY2019 expenditure budget by $8,000 with funding to be provided by the revenue stabilization fund – committed fund balance. B. Suggest other alternatives. RECOMMENDATION: Alternative 1 FUNDING SOURCE: Revenue Stabilization Fund – Committed Fund Balance RECOMMENDED MOTION FOR FINANCE COMMITTEE: I move to recommend the Board of Commissioners approve increasing the Recreation and Parks FY2019 expenditure budget by $8,000 with funding to be provided by the revenue stabilization fund – committed fund balance. RECOMMENDED MOTION FOR THE BOARD OF COMMISSIONERS: I move to approve increasing the Recreation and Parks FY2019 expenditure budget by $8,000 with funding to be provided by the revenue stabilization fund – committed fund balance. QUOTE SUMMARY FORM Department: Recreation Requisition No.: R014455 Date: 03/19/2018 Program /Object No.: Multiple Invoices: Vendors YES NO (If vendors are NOT set up in system, provide: complete firm name, mailing address 100.6140.6102.54375. where invoices go, phone, fax, e-mail, and their Federal ID # & whether Incorporated or IRMA not). ITEM Talbot Tennis Court Surfaces Ace Surfaces of MATERIAL of Georgia of Florida Florida SERVICE The following specifications are for Alternate Bid (#1). The contractor shall $8,000.00 $8,100.00 $16,000 - $18,000 perform the above specifications (listed in packet) and add the following: After all repair work has been done as specified above, the contractor shall apply two coats of approved court surface paint material across the entire battery of two courts (#5&6) matching existing colors and using the same specifications to paint both courts, as outlined in packet TOTALS: $8,000.00 $8,100.00 $16,000-$18,000 PERSON QUOTING Mike McGrath Steve Duke Kyle Smallwood PHONE NUMBER (404) 787-0314 (800) 331-1723 (407) 865-6279 Quote Summary Form- Epworth Tennis Courts 5 & 6 083118 REMARKS (Attach any written quotes received) Recommend Talbot Tennis of Georiga with the successful quote. Quote Summary Form- Epworth Tennis Courts 5 & 6 083118 Resurfacing Court Construction Reconstruction Basketball Goals Fencing Tennis Court Accessories 4225 JVL Industrial Blvd, Suite 504 Marietta, GA 30066 Office 770.552.5200 Fax 770.924.6338 www.TalbotTennis.com FULL REPAIR OF DOUBLE TENNIS COURTS Epworth Tennis Center Scope of Work: The scope of work is to repair the damaged double tennis court to its original condition following the hurricane last fall. All the damaged areas (craters) will be cleaned out, filled in with an acrylic patch binder, scraped and sanded, and a coat of primer and two coats of colors will be applied over courts to get back to original standards. RESURFACING SYSTEM PROCESS: Choice of Colors: _____________ interior + ____________ exterior of court. http://americas.sti-sports.com/sti/americas_site/en/product/laykold_tennis.html - Click here for interactive color chart All products manufactured by Laykold, and performed in compliance with the American Sports Builders Association tennis court specifications. • Remove net and net posts and set aside during the resurfacing process. • To assure surface adhesion, Pressure Wash court surface, removing stain, mildew & all loose surface material. • Clean all debris and loose materials from craters caused by tree damage on the asphalt of the tennis court. Apply acrylic patch binder into craters and allow it to harden. Smooth over areas so that asphalt has no ridges or inconsistencies. • Using Laykold patching mix, level to the extent possible all birdbaths on tennis court. (Standing water will be lessened 40-70% depending upon available surface drainage) • Apply acrylic resurfacer over entire tennis court. • Apply two applications of fortified Acrylic Colorcoat over entire court. • Paint tennis court lines with two coats of Laykold textured latex line paint. • Reinstall existing tennis nets and (newly painted) tennis net posts. Contract valid for 90 days 4/16/2018 We accept Master Card, Visa and American Express Cards Resurfacing Court Construction Reconstruction Basketball Goals Fencing Tennis Court Accessories 4225 JVL Industrial Blvd, Suite 504 Marietta, GA 30066 Office 770.552.5200 Fax 770.924.6338 www.TalbotTennis.com WHY TALBOT TENNIS: • Talbot Tennis utilizes Advanced Polymer’s Laykold acrylic paint, which is ISO9001 certified and is the official surface of the Sony Ericsson Open in Key Biscayne Florida (also known as the 5th Major). • Unlike other companies, we do not charge a premium for the US open “Blue” acrylic paint. • Talbot Tennis offers a three year warranty against the re-occurrence of cracks with Riteway Crack Repair (additional cost). http://www.ritewaytennis.com/riteway.aspx • Talbot Tennis always applies an acrylic resurfacer (similar to a paint primer) to each resurfaced tennis court. We never use “asphalt emulsions” which is a much cheaper and inferior product. COST: $8,000: PAYABLE: $1,500.00 deposit, remainder payable upon completion. Any balance over 30 days will have a 1.5% service charge applied per month on the outstanding balance, which is 18% annualized. WARRANTY: The Laykold fortified system is guaranteed for a period of one year against: premature wear, discoloration, and defects in materials and workmanship. Talbot Tennis does not warranty cracks as they will reappear again despite resurfacing of the court. Talbot Tennis utilizes the highest quality crack filling techniques but cracks may reappear after freezing temperatures, an abundance of moisture, etc. As such, no warranty can be made against their reoccurrence unless Riteway Crack Repair system is used. Unit Prices: Unit of Measure Qty Unit of Measure Price Extended Price Repair Damaged Craters 27 Craters $60 $1,620 Apply Primer (70 Gallons) 1440 Yards $1.25 $1,800 2 coats of paint (140 Gallons) 1440 Yards $2.50 $3,600 Stripe Courts 2 Courts $300 $600 Mobilzation and Clean Up $380 Acceptance of Contract: _____________________________ _______________________ Glynn County Association Rep. Talbot Tennis _____________________________ _______________________ Date of Acceptance Date of Acceptance Contract valid for 90 days 4/16/2018 We accept Master Card, Visa and American Express Cards .
Load more

Recommended publications
  • Tennis Study Guide
    TENNIS STUDY GUIDE HISTORY Mary Outerbridge is credited with bringing tennis to America in the mid-1870’s by introducing it to the Staten Island Cricket and Baseball Club. In 1880 the United States Lawn Tennis Association (USLTA) was established, Lawn was dropped from the name in the 1970’s and now go by (USTA). Tennis began as a lawn sport, but later clay, asphalt and concrete became more standard surfaces. The four most prestigious World tennis tournaments include: the U.S. Open, Australian Open, French Open, and Wimbledon . In 1988, tennis became an official medal sport. Tennis can be played year round, is low in cost, and needs only two or four players; it is also suitable for all age groups as well as both sexes. EQUIPMENT The only equipment needed to play tennis consists of a racket, a can of balls, court shoes and clothing that permits easy movement. The most important tip for beginners to remember is to find a racket with the right grip. The net hangs 42 inches high at each post and 36 inches high at the center. RULES The game starts when one person serves from anywhere behind the baseline to the right of the center mark and to the left of the doubles sideline. The server has two chances to serve legally into the diagonal service court. Failure to serve into the court or making a serving fault results in a point for the opponents. The same server continues to alternate serving courts until the game is finished, and then the opponent serves.
    [Show full text]
  • ERSTE BANK OPEN: DAY 5 MEDIA NOTES Friday, October 23, 2015
    ERSTE BANK OPEN: DAY 5 MEDIA NOTES Friday, October 23, 2015 Wiener Stadthalle, Vienna, Austria | October 19-25, 2015 Draw: S-32, D-16 | Prize Money: €1,745,040 | Surface: Indoor Hard ATP Info: Tournament Info: ATP PR & Marketing: www.ATPWorldTour.com www.erstebank-open.com Martin Dagahs: [email protected] @ATPWorldTour facebook.com/ErsteBankOpenVienna Fabienne Benoit: [email protected] facebook.com/ATPWorldTour Press Room: +43 1 98100578 ANDERSON NEARS 1,000 ACES; FOGNINI SEEKS 1ST WIN OVER FERRER QUARTER-FINAL PREVIEW: Storylines abound in Friday’s Erste Bank Open semi-finals. No. 2 seed Kevin Anderson, who has already clinched a career-high 44 wins in 2015, could surpass 1,000 aces on the season against unseeded American Steve Johnson. The ATP World Tour’s ace leader, No. 7 seed Ivo Karlovic, meets a resurgent Ernests Gulbis, who is seeking his first semi- final appearance of the season. Also playing for his first semi in over a year is Lukas Rosol, who looks to build off his upset of No. 4 seed Jo-Wilfried Tsonga with another of No. 6 seed Gael Monfils. No. 1 seed David Ferrer takes an 8-0 FedEx Head 2 Head record (17-2 in sets) against No. 8 seed Fabio Fognini into their quarter-final match. The in-form Italian Fognini won the Australian Open doubles title with countryman Simone Bolelli and has posted strong singles results late in the season, just as his fiancée Flavia Pennetta is doing on the women’s tour. Fognini watched from Arthur Ashe Stadium as Pennetta captured the US Open title on Sept.
    [Show full text]
  • Wimbledon Wordsearch
    WORKSHEET WIMBLEDON WORDSEARCH WARM UP 1 1. ball 11. Gordon Reid 2. ace 12. Novak Djokovic Name 3. volley 13. Rafael Nadal 4. baseline 14. Dominic Thiem Score 5. match 15. Roger Federer Firstly try to find as many tennis words in the wordsearch 6. net 16. Jordanne Whiley as you can (numbers 1-10). Score 1 point for each one. 7. rally 17. Ashleigh Barty Then try to find the ten famous tennis players’ surnames (11-20). Score 2 points for each one of these you find. 8. court 18. Simona Halep 9. deuce 19. Karolina Pliskova 10. lob 20. SofiaKenin NINEKREREDEF YWGJUMBRYCMB ETBALLETZAVO LEACVIRXTHML INDLDAJCCAEN HHFHBLHGHLIY WDJOKOVICEHE ERHBPECAJPTL CAPLISKOVAYL ULDGTCOURTUO ELXHYILADANV DYIMENILESAB WORKSHEET DESIGNER TENNIS TOWEL WARM UP 2 Name Design an exciting, amusing, colourful tennis towel! Be imaginative! You don’t even need to make your towel rectangular. WORKSHEET DESIGNER TENNIS MUG WARM UP 2 Name Design a mug to give someone a taste of tennis! E.g. balls, rackets, courts, strawberries, grass, etc. WORKSHEET HAWK EYE Find your way around Wimbledon WARM UP 3 Name Using one of the maps of Wimbledon, answer the following questions: 1 Write the coordinates for: Centre Court Number 1 Court Number 2 Court The Millennium Building 2 Give directions from Gate 5 to Court Number 16 3 Give directions from Murray Mount to the new Number 2 Court: 4 Where can you find the toilets? Give all the coordinates: 5 On the back of this page, write down a route in the grounds, for a visitor to Wimbledon to take.
    [Show full text]
  • The Ballad of Kiss My Ace!
    The Ballad of “Kiss My Ace”- A Women’s USTA 2.5 tennis team- Club Fit Briarcliff Westchester, Ny If you can meet with Triumph and Disaster, And treat those two impostors just the same By Jeff Scott- Club Fit Pro and 2012 Team Coach A Floating Ball was coming down our Southern “Ace” team’s “heartland” of the tennis court, during our match point for the deciding and final match of the Eastern Sectional Championship tournament. Marcie lunged for it with her backhand two-fisted volley, and steered the ball deep into the home Northern team’s heartland, apparently smack on the baseline! A simultaneous shriek of joy erupted from both Jodi and Marcie, as the match was hard fought, close as can be and deep into the super tiebreak. After all, it was a competition against the team that had clinched the tournament and was heading off to vie for the National Title. The win against the tournament champion certainly would have been gratifying, and would have catapulted the Southern Aces into second place, a very respectable finish to a Cinderella season by unified and determined group of Westchester tennis warrior women! But no! Defeat was snatched from the jaws of victory by the most unlikely of sources- a defiant finger wagged in the air! With an air of duplicity, an admonition and an over-rule were issued simultaneously with one, exultation stealing gesture. The infamous finger belonged not to one of the Northern’s opponents, but to a one of the few local officials assigned to monitor the tournament.
    [Show full text]
  • THE ACE BENCHVARMER Lora Grandrath (Assignment: Yrite A
    THE ACE BENCHVARMER Lora Grandrath (Assignment: Yrite a comparison of two coaches, teachers, or bosses you have had in order to define what for you is the essence of good coaching, teaching or managing.) ( 1) "My name is Shelly Freeman George--just call me Shelly--and I'm going to be the new tennis coach here at City High. Before I tell you a little about myself, let me start out by sending a clipboard around. On the sheet, I want you to write your name, grade, phone number, and all your tennis experience. That includes how many years you've taken lessons, varsity experience and letters you've won," directed the woman of about twenty-seven years. (2) "Okay, now I'll give you a little background information on myself," she said, after handing the clipboard to the girl on her right. "I grew up here in Iowa City and I too attended City High School. I then went on to play tennis at St. Ambrose College but later transferred to University of Iowa where I continued to play and eventually graduated. My husband, my little girl, and I now live here in Iowa City. My husband and I own Cedar Valley Tree Service, which he runs. I am U.S.T.A. (United States Tennis Association) certified, Vice-President of the NJTL (National Junior Tennis League) chapter here in Iowa City, and I am also a certified rater of the Volvo Tennis League. (3) The clipboard eventually wound its way to me. I glanced at the names and information already written down; I didn't like what I saw.
    [Show full text]
  • Australian Open and WOWOW Ace Landmark Broadcasting Deal in Japan
    Wednesday 26 October 2016 Australian Open and WOWOW ace landmark broadcasting deal in Japan Tennis Australia and Japanese broadcaster WOWOW announced today a significant extension and expansion of their long-term broadcast relationship to 2021. Commencing January 2017, the new deal is Tennis Australia’s largest broadcast agreement in Japan. Along with extensive coverage of the Australian Open, WOWOW will for the first time broadcast matches from the Emirates Australian Open Series, including: ・ Mastercard Hopman Cup, Perth ・ Brisbane International presented by Suncorp (men’s matches) ・ Apia International Sydney (men’s matches) ・ World Tennis Challenge, Adelaide ・ Australian Open Junior Championships, Wheelchair Championships and Legends event “We are very pleased to not just continue, but extend and expand our long-standing partnership with WOWOW in broadcasting four weeks of world class tennis,” Tennis Australia CEO Craig Tiley said. “As the Grand Slam of Asia Pacific our fans in Japan treat the Australian Open as their ‘home’ slam, and we are delighted with WOWOW’s commitment to their most comprehensive coverage of the Australian summer of tennis. Our Japanese fans will now be able to follow the action right across Australia throughout January. “With more channels, content and live feed capabilities, we will be able to tell a more compelling story that shows the power, passion and glory of tennis.” WOWOW Board Director, Tsutomu Makino said, “With this renewal till 2021, Tennis Australia (TA) and WOWOW’s broadcast relationship will span 30 years. We are very pleased to further foster and cement our long term partnership between TA and WOWOW. The new deal commencing in 2017 will enable us to offer the largest media rights exploitation on WOWOW’s platforms across a broad range of tennis content, including events around a Grand Slam.” “We offer various entertainment features beyond existing television broadcast.
    [Show full text]
  • A Natural Experiment on Reversibility Bias
    Thomas Bassetti, Department of Economics and Management, University of Padova Stefano Bonini, Stevens Institute of Technology Fausto Pacicco, LIUC Università Carlo Cattaneo Filippo Pavesi, LIUC Università Carlo Cattaneo and Stevens Institute of Technology Play it again! A Natural Experiment on Reversibility Bias August 2019 Marco Fanno Working Papers - 238 Play it again! A Natural Experiment on Reversibility Bias Thomas Bassetti∗ Stefano Boniniy Fausto Paciccoz Filippo Pavesi§ Abstract Behavioral biases affect a large number of human decisions, many of which have relevant welfare effects. We identify a bias that we denote as "reversibility bias" and explore how the introduction of explicit exposure mechanisms can contribute to attenuate it. To do this, we exploit a unique natural experiment - the introduction of a decision review system represented by player challenges and the associated Hawk-Eye technology in professional tennis. This experiment allows us to identify the bias, by illustrating that if such a bias exists, the challenge rule should reduce the number of calls that postpone the assignment of a point. Our findings may have significant policy implications provid- ing a conceptual framework for the design of institutions to alleviate the welfare costs associated with reversibility bias in different contexts, such as court rulings, human resource management and debt roll-over decisions. JEL Classification Code: D81, D91, C93 Keyword: Prospect Theory; Natural experiment; Uncertainty. ∗University of Padua, Department of Economics and Management "Marco Fanno", Via del Santo 33, 35123 Padova, Italy, [email protected] yStevens Institute of Technology. Address: School of Business, Stevens Institute of Technology, 1 Castle Point on Hudson, Hoboken, NJ 07030, USA, [email protected] zLIUC Università Carlo Cattaneo, C.so Matteotti, 22, 21053 Castellanza (VA), Italy,[email protected] §LIUC Università Carlo Cattaneo, C.so Matteotti, 22, 21053 Castellanza (VA), Italy and Stevens Institute of Technology, [email protected] 1 1.
    [Show full text]
  • Official Volleyball Statistics Rules Approved Rulings and Interpretations
    Official Volleyball Statistics Rules Approved Rulings and Interpretations (Throughout these rules, teams are referred to as Team White players and on the work sheet for this play and should be included in the Team Blue players. When needed, players are numbered accordingly.) individuals’ totals on the Box Score Form. NOTE: Effective in2008, the term “game” has been changed A.R. 1. Team Blue serves the ball to Team White which, to “set” to comply with the rule changes proposed by on the serve reception, passes the ball over the net (a) the NCAA Women’s Volleyball Rules Committee and where it is kept in play by Team Blue or (b) where it falls to approved by the Playing Rules Oversight Panel. the ground untouched. RULING: In (b), Team White player receives a kill. Case (a) is not considered to be an attack, therefore no statistics are awarded. A.R. 2. Team White setter sets a bad set to Team White SECTION 1—ATTACKS hitter who (a) forearm passes the ball over the net; (b) hits Article 1. An attack attempt (ATT) is recorded any time a a down ball (an overhead contact made by the hitter while player attempts to attack (hit strategically) the ball into the op- standing on the floor) over the net; or (c) cannot get to ponent’s court. The ball may be spiked, set, tipped or hit as an the errant set. RULING: In (a), no attack attempt is given, overhead contact. There are three possible outcomes of an at- as Team White hitter only is intending to keep the ball in tack attempt.
    [Show full text]
  • France Télévisions Serves up a French Open Ace with Dolby and ATEME
    France Télévisions serves up a French Open ace with Dolby and ATEME Since 2012 France Télévisions has been using cutting Held annually in Paris, the French Open is one of the four Grand Slam tennis edge technology to bring viewers ever closer to the tournaments – along with the Australian Open, Wimbledon, and US Open. While the women’s competition has featured a range of winners in recent years, action at the French Open tennis tournament every year. one player has dominated the men’s event: Rafael Nadal. The Spaniard secured And the broadcaster continued its run of success at this a remarkable thirteenth French Open title in 2020, tying him with Roger year’s tournament. Federer for the men’s record of 20 Grand Slam wins. Similarly, France Télévisions’ French Open coverage has successfully featured advances in broadcasting technology that build on previous successes. The broadcaster has worked with video encoding specialist ATEME and image and sound technology pioneer Dolby for the last three years to broadcast the French Open in UHD on selected TDF transmitters and Eutelsat’s Fransat satellites. “These real-life tests have validated the technical configurations that improve the audio and video experience for viewers, ushering [in] a new era of DTTV,” explains Jean-Olivier Bost, executive technical director at France Télévisions. “These real-life tests have validated the technical configurations that improve the audio and video experience for viewers, ushering [in] a new era of DTTV.” Jean-Olivier Bost, executive technical director, France
    [Show full text]
  • THE SHOT CYCLE: Key Building Block for Situation Training
    Produced by Wayne Elderton, a Tennis Canada National Level 4 Coach, Head of Coaching Development and Certification in BC and Tennis Director of the North Vancouver Tennis Centre. © 2008 Wayne Elderton, acecoach.com (Revised March 2018) THE SHOT CYCLE: Key Building Block for Situation Training It is common for coaches use strokes (e.g. the forehand, the backhand, the serve, the volley, etc.) for their training and planning however, in a Game-based approach (GBA), it is ‘situations’ rather than strokes that need to be trained. It is not as effective to organize planning and training around strokes as it is to use situations. For example, if a player hits a rally topspin forehand crosscourt from the baseline, which is more similar tactically and technically: a rally topspin backhand crosscourt from the baseline or, a leveled off attacking forehand from ¾ court? Obviously the FH and BH are more similar than the two forehands. How effective is it then to teach (and learn) ‘the forehand’ when one doesn’t know which forehand? Rather than only a process of learning strokes, learning tennis is really a process of expanding the library of situations you can handle during play (which includes different strokes). Even players who are not taught this way go through this process in spite of their coaching. For example, players typically learn how to handle the tactics of different opponents by experiencing them in match play. The goal of Situation Training (ST) is to identify these situations and shortcut the learning process by exposing players to the problems and solutions encountered during play.
    [Show full text]
  • AEGON CHAMPIONSHIPS: DAY 7 MEDIA NOTES Sunday, June 21, 2015
    AEGON CHAMPIONSHIPS: DAY 7 MEDIA NOTES Sunday, June 21, 2015 Queen’s Club, London, Great Britain | Jun 15 – 21, 2015 Draw: S-32, D-16 | Prize Money: €1,574,640 | Surface: Grass ATP Info: Tournament Info: ATP PR & Marketing: www.ATPWorldTour.com www.lta.org.uk Richard Evans: [email protected] @ATPWorldTour @BritishTennis #AegonChampionships Thomas Troxler: [email protected] facebook.com/ATPWorldTour facebook.com/britishtennislta DAY 7 TALKING POINTS • FINALS DAY: British No. 1 Andy Murray will contest the 50th final of his career when he takes on World No. 17 Kevin Anderson in Sunday’s Aegon Championships final. The top seed overcame Viktor Troicki earlier in the day after rain suspended play on Saturday evening. Murray and Anderson will clash for the sixth time with the Brit having won four of their five previous contests, including their lone meeting on grass at Wimbledon last year. • WHAT’S AT STAKE: Winner €381,760 and 500 Emirates ATP Rankings points Runner-up €172,100 and 300 Emirates ATP Rankings points • FINALS HISTORY: Murray is bidding for a fourth Aegon Championships title (3-0) and a 34th overall (33-16). Anderson is bidding for a first Aegon Championships title (0-0) and a third overall (2-7). • MURRAY EYEING HISTORY: Murray goes in search of a fourth Aegon Championships title today. If successful, the 28-year-old will join an elite group of players to have won a quartet of titles here. John McEnroe, Boris Becker, Lleyton Hewitt and Andy Roddick are currently tied at the top of the Open Era tournament leaderboard with four crowns apiece, while Major J.G.
    [Show full text]
  • Tokenstars ACE
    ICO Analysis: Tokenstars ACE The contents of this publication are presented for informational purposes only and should not be considered legal or financial advice. DESCRIPTION TokenStars is a sports agency that aims to disrupt the way tennis players are recruited and advertised, using a global network of scouts and promoters as well as elements of decentralized management. MARKET The sports agency market is relatively big and profitable, and the best players earn hundreds of millions of dollars a year. Tennis has a small market share with only three out of forty biggest companies engaged. The unquestioned leader in this particular industry is the IMG agency that operates in a wide range of countries and has the biggest network of contacts. How does it work? In tennis, agents come to talented players when those are 13–14 years old, and it's time to decide as to whether continue the path to the big sport or not. To pursue a professional career, a junior player needs to incur costs of $100,000 annually. Most of these funds are spent on a few essential aspects of an athlete's development, such as participating in tournaments to improve ranking, joining a tennis academy or training with a coach, and purchasing the equipment. Grants and advertising contracts can cover the expenditures only partially. That's why sports agencies play a huge role. If a junior player performs well at the tournaments, they might be offered some long-term contracts by the age of 18, which would support them financially. Soon, a junior player becomes a pro, and their commercial success depends heavily on the ranking position.
    [Show full text]