Posted:
#1501
[Quote: Originally Posted by Arkady]
I read an earlier post that worried about Covers going bankrupt. Sure, anything is possible, but that seems incredibly unlikely. Covers.com is owned by Covers Media Group, itself a subsidiary of SportsDirect Inc., a well-established corporation with over 200 employees. Covers paid out $100k to Tuppy eight years ago when the company was a fraction of its current size; by this point in time another $100k prize would probably be celebrated by the company for the publicity, rather than raise concern about financial stability. I would not worry for one minute about receiving the prize if the prize was won.
Since you know so much about the Covers organization please tell me this: Why do they delay payment of winners prizes for 8 or more weeks? This fact has been stated by other posters, seemingly in the know on this message board?
Seems to me a professional well funded outfit would pay off their obligation quickly and simply move on to new business. To wait 8 weeks to payoff somebody smacks of arrogance or some other reason that I cannot fathom.
So...unless they are out and about scrounging up the cash...WHY PRAY TELL, DO THEY WAIT SO LONG TO PAYOUT THE PRIZE MONEY?
Just give me ONE good reason and I will stand corrected.
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