2011 CYCC Financial Report

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  • #31
    Re: 2011 CYCC Financial Report

    Originally posted by Paul Leblanc View Post
    Jean raises some interesting points. While true that all the profits go towards expenses to send our champions to the WYCC, Pan Am and North American championships, is there another option to spend some of the funds on programmes that give a better bang for the buck for our winners?
    At the moment, I do not believe there are any options (but I presume that is being hashed out right now). I am pretty sure there were years where the CYCC was not as successful and the CFC regulations were tweaked to allow the CFC to use a surplus to offset prior shortfalls or to set aside for "future" efforts (but there are people who are rather skeptical of CFC money set aside for anything...)
    ...Mike Pence: the Lord of the fly.

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    • #32
      Re: 2011 CYCC Financial Report

      Originally posted by Kerry Liles View Post
      That is a great arrangement, although it must be nerve-wracking for the organizers!
      It definitely is nerve wracking for the ones that take the financial risk.

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      • #33
        Re: 2011 CYCC Financial Report

        Originally posted by Jean Hébert View Post
        If we have to send kids barely above beginner level halfway around the world to get them to the next level, I say this is irrational spending, regardless of where the money comes from. Ressources must be better used than that.
        The bulk of the learning process in chess should be made BETWEEN tournaments, not during tournaments which serve above all to test players and see where they are. There has to be good reasons (sufficient playing strenght regardless of age) to spend huge amounts of money to send kids to foreign tournaments when they could play and learn 10x more in domestic events coupled with good coaching incurring equal or less expenses.
        Deciding who is strong enough to go is tougher than it sounds. A policy of not sending someone unless they have a competitive rating means we would not have sent Jason Cao. (no FIDE rating, CFC rating 1500 in a field with typical 1900 ratings) That would have been not such a good move...

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        • #34
          Re: 2011 CYCC Financial Report

          It's why organizers deserve to be paid - they not only work, but take the risk - true Canadian entrepreneurial capitalism. And their payment, and that of the TD, should come before the prize fund ( though this could be open to abuse ). And after payment of their hourly wage, and payment of advertised prizes, if there is a surplus, the organizer is entitled to it. In reality though, it seems the organizers of chess tournaments struggle to get the minimum wage out of revenue - there is an altruistic factor for many organizers - providing something to chessplayers which they love - tournaments!

          But along with this in my view, goes the obligation to post the tournament budget, so there is transparency, and so players can determine if the entry fee is warranted.

          Bob
          Last edited by Bob Armstrong; Thursday, 21st July, 2011, 04:19 PM.

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          • #35
            Re: 2011 CYCC Financial Report

            Originally posted by Paul Leblanc View Post
            Jean raises some interesting points. While true that all the profits go towards expenses to send our champions to the WYCC, Pan Am and North American championships, is there another option to spend some of the funds on programmes that give a better bang for the buck for our winners?
            There are other options but they are more demanding. They require vision and planning, less emphasis on "participation" and more on fostering talent and excellence. They also require to leave the trail set by FIDE which is being followed blindly without proper consideration for where it leads besides spending tons of money on hotels and airfares. And sometimes even only to attend unpleasant destinations!
            At the moment our best juniors do not get adequate support while many others get undeserved support. Lots of wasted money.

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            • #36
              Re: 2011 CYCC Financial Report

              Originally posted by Jean Hébert View Post
              If we have to send kids barely above beginner level halfway around the world to get them to the next level, I say this is irrational spending, regardless of where the money comes from. Ressources must be better used than that.
              The CFC did not send Minya, her parents did, and accompanied her. They did this at great personal sacrifice and got to visit Greece. Don't you know that world travel is broadening for both adults and children? Should only children above a certain rating be allowed to travel with their parents at their parents' expense?

              Chess is its own reward. You don't need to have a 2400+ rating to enjoy it.

              The bulk of the learning process in chess should be made BETWEEN tournaments, not during tournaments which serve above all to test players and see where they are.
              I think you are right on this point but you are also slightly wrong. There is some learning that takes place during a tournament which cannot be replaced by classroom training or coaching if it is only the need to apply what you have learned previously under real world pressures.

              There has to be good reasons (sufficient playing strenght regardless of age) to spend huge amounts of money to send kids to foreign tournaments when they could play and learn 10x more in domestic events coupled with good coaching incurring equal or less expenses.
              There definitely needs to be more inexpensive children's events with the chance to play against their peers and the opportunity for exposure to guidance from stronger players. I don't think that it needs to be either/or. We can do both by having a CYCC and a WYCC and local tournaments for the kids to play in as well.

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              • #37
                Re: 2011 CYCC Financial Report

                Originally posted by Roger Patterson View Post
                Deciding who is strong enough to go is tougher than it sounds.
                Even the difficult things sometimes have to be done.

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                • #38
                  Re: 2011 CYCC Financial Report

                  Originally posted by Jean Hébert View Post
                  There are other options but they are more demanding. They require vision and planning, less emphasis on "participation" and more on fostering talent and excellence. They also require to leave the trail set by FIDE which is being followed blindly without proper consideration for where it leads besides spending tons of money on hotels and airfares. And sometimes even only to attend unpleasant destinations!
                  At the moment our best juniors do not get adequate support while many others get undeserved support. Lots of wasted money.
                  Yes there is lots of wasted money but that money would probably not exist under your scenario because there would be no incentive for parents and kids to travel across the country and compete without the prospect of a path leading forward. You couldn't charge the fees because no one would pay them. Under your scenario Jason Cao would not have been considered strong enough to travel half way around the world but he did and now we have a world champion among us. Movies like Rocky resonate with us because everyone loves to see an underdog exceed expectations and emerge triumphant. That occurs often enough to encourage people to keep trying even against the odds.

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                  • #39
                    Re: 2011 CYCC Financial Report

                    So instead of sending many juniors to the finals where ever they are then why not take the top four in each group and play a double round robin if there is time
                    and then send the top two in each group. the two can be helped by coaching assuming a dedicated master /coach steps forward to help as really the future is in our juniors not the old dead wood.

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                    • #40
                      Re: 2011 CYCC Financial Report

                      Originally posted by John Brown View Post
                      So instead of sending many juniors to the finals where ever they are then why not take the top four in each group and play a double round robin if there is time
                      and then send the top two in each group. the two can be helped by coaching assuming a dedicated master /coach steps forward to help as really the future is in our juniors not the old dead wood.
                      In junior chess there is a big chance to pick the wrong two...

                      As Vlad Drkulec has mentioned in his previous post, if we would follow this procedure last year, we would never have World Champion Jason Cao.

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                      • #41
                        Re: 2011 CYCC Financial Report

                        PART 3 (FINAL). PROFIT DISTRIBUTION


                        TOTAL PROFIT ($50,160 - $11,816.63)................................................................ $38,343.37

                        _______________________________________________________ _____________________________


                        1. Payment to CFC according to the bid....................... ...........................................$20,000.00

                        2. To be distributed as cash prizes and bursaries among 1st,
                        2nd and 3rd prize-winners according to the 2011 CYCC Surplus - Resolution....................$18,200.00

                        3. Balance to be ditributed equally between two perfect scorers:
                        Taylor Zhang (U8 Girls) and Melissa Giblon (U12 Girls).....................................................$143.37 *

                        _______________________________________________________ ______________________________


                        * The amount is approximate; some small bank fees may apply
                        when closing the account

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                        • #42
                          Re: 2011 CYCC Financial Report

                          Originally posted by Vlad Drkulec View Post
                          Yes there is lots of wasted money but that money would probably not exist under your scenario ...
                          I wish that you'd let me and others propose scenarios (which I have not) before nitpicking them. But of course it takes a lot of imagination to come up with a better scenario than the one that implies "lots of wasted money" (your own words).

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                          • #43
                            Re: 2011 CYCC Financial Report

                            Originally posted by Vlad Drkulec View Post
                            Don't you know that world travel is broadening for both adults and children? Should only children above a certain rating be allowed to travel with their parents at their parents' expense?
                            Parents can do as they please with their money. They don't need the CFC for that. A bunch of very nice open tournaments are held all over Europe in attractive and affordable locations. They should bring their kids to those places, not to Youth Championships held in places no one sane would go.
                            But when it comes to the CFC's money, regardless on how it got that money, it should be spent wisely to foster the young players development. Traveling is nice but it should be only a side benefit (for the serious players), not the main goal. The CFC is not a travel agency.

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                            • #44
                              Re: 2011 CYCC Financial Report

                              Originally posted by Jean Hébert View Post
                              Parents can do as they please with their money. They don't need the CFC for that. A bunch of very nice open tournaments are held all over Europe in attractive and affordable locations. They should bring their kids to those places, not to Youth Championships held in places no one sane would go.
                              But when it comes to the CFC's money, regardless on how it got that money, it should be spent wisely to foster the young players development. Traveling is nice but it should be only a side benefit (for the serious players), not the main goal. The CFC is not a travel agency.
                              Only the children that finish first in each age category at the CYCC get any money from the CFC for the WYCC. The ones that finish second and third are allowed to attend at their own expense. Greece and Brazil are not places that no one sane would go. In fact they are both places that many people would like to go at least once in their life. The kids that don't finish in the top 3 are not blocked from playing either as long as they remit some money to the CFC apparently.

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                              • #45
                                Re: 2011 CYCC Financial Report

                                Originally posted by Victor Itkine View Post
                                In junior chess there is a big chance to pick the wrong two...

                                As Vlad Drkulec has mentioned in his previous post, if we would follow this procedure last year, we would never have World Champion Jason Cao.
                                I have become very interested in this topic in the last two or three years and have read everything that I can on the areas of sports performance and developing centers of excellence in chess and other sports and pursuits like music, tennis, golf, swimming, hockey etc. Most of the literature seems to suggest that it takes 8,000 to 10,000 hours of deliberate practice in order to create a world class athlete, musician, or chess player. It is not clear which particular player will achieve ignition and become the best of the best so it is a mistake to try to pick and choose who will be ordained and be supported by the federation because you are as likely to pick the wrong one as you are to pick the right one. The best way is to develop centers of coaching excellence and give promising students the opportunity to succeed. Some will seize the opportunity.

                                Jason Cao is a delightful young man and his father seems to give his son a great deal of support which is very helpful for his future prospects. The only wish that I have is that some of the stronger players should give him some guidance on a course of study that will move him along more quickly. I think he will go far just on natural talent but he can get there faster if he has GM or IM or at this stage even Senior Master level mentoring.

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