6.1 Colossus Fantasy may offer Players the ability to create Entries into its Contests for other Players to fund, or to join Entries which have been created by other Players (“SquadEntries”).
6.2 There may be a minimum and maximum funding requirement for a Player creating a Squad Entry (the “Squad Captain”) as well as for a player joining a Squad Entry (a “Squad Player”).
6.3 Each Player will own a share of a Squad Entry which is proportionate to their contribution and will be entitled to a share of any returns (dividends and cash-out proceeds) from the Entry which is proportionate to such Player’s contribution. Consistent with this principle the Colossus Fantasy system treats each contribution to a Squad as a separate and individual Entry.
6.4 To the extent that a cash-out offer is made by Colossus Fantasy on a Squad Entry, the Squad Captain will have sole control and discretion in relation to what Portion (if any) of the Squad Entry to cash-out. Squad Players will be able to see cash-out offers for Squad Entries to which they have contributed within the ‘Entries’ tab of the App but they will not have the ability to cash-out any Portion of a Squad Entry.
6.5 Until a Squad Entry has been fully funded it will have a status of ‘pending’ and if it is not fully funded when the first Leg of the Contest starts (and the Contest closes for Entry placement purposes), the Squad Entry will not be placed into the Contest. Instead the Entry will lapse and refunds will be made to Players for their contributions to the Entry.
6.6 A Squad Entry may be funded by Players transacting in different currencies. This means that the total spend on a ticket as viewed by Players may differ depending on the currencies of those Players’ Accounts. This also means that certain data which is converted to US dollar values on the Site (including but not limited to Contest Units, Contest History, Unit Distributions and Winning Units) may be inconsistent with data which Players can see from a Squad Entry.
Worked example:
The Squad Captain creates a Squad Entry in USD with 50 lines and per line cost of $2, so a total Entry cost of USD $100. This Squad Entry will be presented to Players whose Accounts are denominated in Euro as an Entry with a total cost of Euro €100. Assume that the currency exchange rate is USD $0.90 = Euro €1 and that this Squad Ticket is fully funded through contributions of USD $50 and Euro €50. The total spend for the Entry when converted to USD is $95 ($50 funded in USD + $45 funded in Euro). This means that the USD spend per line of the placed Entry is $1.90 which is 0.95 of a full USD unit for the purposes of Contest Units, Unit Distribution etc.
6.7 By electing to become a Squad Captain (or post a Squad comment): you agree not to choose a Nickname (or Squad name or image) or post a comment which could be deemed offensive or could cause confusion including with (but not limited to) Nicknames chosen by other Squad Captains; you agree not to use any Squad name, image or avatar which infringes the copyright, image rights or any other intellectual property rights of any third party; and you acknowledge that your Squad Entries and Captain profile will be displayed on other sites which have access to Colossus Contests and that Colossus Fantasy may use the Squad Captain Nickname and image you have chosen, in its Squad Leaderboards or similar. Colossus Fantasy may remove comments or content which it believes infringes on the principles described above.
