80 of the top athletes, each given an ownership share of the new enterprise.
So I guess if you are competing you are a part of the rodeo organization.
I have jokingly said I felt the sponsors controlled where the contestants competed. Then I read this:
Wrangler, for example, is the title sponsor for the National Finals Rodeo but has contracts with many top cowboys requiring them to compete at a minimum number of events.
Not all top cowboys support E.R.A. The veteran steer wrestler K. C. Jones offered his support for the P.R.C.A. in a declaration filed with the court.
“They are not seeking to improve the lives of cowboys competing on the circuit,” he wrote of those starting E.R.A. “They are attempting to take money away from them by creating a competing organization that will drive the money in the industry to certain anointed ‘stars’ (i.e., themselves), while reserving the right to participate in the P.R.C.A events with the biggest purses.
Plus there are some more listed in the article below;
http://www.nytimes.com/2015/12/11/sports/elite-rodeo-athletes-pro-rodeo-cowboys-association.html?_r=0
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