phenomsff.com

bb..yep this stinks.

For those that don't know..below is an excerpt of the e-mail sent to customers.

Alas, I have been a big fan of Phenoms, over the last 3-4 years,  and was looking forward to their "nfl playoff fantasy leagues".

If anyone knows of a site that has this type of league...for during the nfl playoffs..please pass it along.

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It is with deep regret that I inform you that Phenom Enterprises, LLC, ('Phenoms') will be unable to meet the full prize money obligations for the 2014 football season, barring any last minute deals.  A portion should be available, estimated to be between 20 and 40%.

In November of 2013, Phenoms hired a web development company to develop a full fantasy league hosting platform.  This software development would eliminate the need for Phenoms to use Myfantasyleague, Fantrax, and ESPN to handle drafts, auctions, and league management.  The idea was to deliver an excellent web experience.  The developer's estimate for the project was $200,000, an amount affordable to Phenoms, and was to be completed prior to 2014's football season.  So far, the project has exceeded $630,000 in development costs, and is still not complete (despite being several months behind schedule).  It is Phenoms' opinion that if the site had been completed in time and on-budget, Phenoms would have had no trouble meeting the financial commitments of the company and would continue to be a profitable operation for many years to come.  Phenoms is weighing legal action against the developer.