But you continued to stick by us and I think your patience will be rewarded with an eighth NFBC season. Legally we're still waiting to finalize this, but everything is in place for new ownership of the high-stakes events/contests to be complete soon. I don't want to say much more than that, but that is the plan with Tom and myself working with a key industry partner to move this forward.
It's important to note that all of the events currently on the NFBC Registration page are moving forward in all of the various cities. Yes, we are doing drafts on both weekends. Yes, we are doing them in three different cities and online on March 18-20. Yes, we are hosting live drafts in Las Vegas, New York and Chicago on March 25-27. The 12-team Online Championship will continue and will have expanded draft dates. The prizes will all be guaranteed by our new company and backed not just by two guys but by a large industry company that will secure the prize funds.
The technology is key and this has been finalized as well. This came together as I had hoped and we'll announce this after we have a done deal for the NFBC. But it's important for everyone to know that this is a time-and-trusted software that is built for our game by a veteran industry company. There will be reasons for this software to be the best in the industry and exactly what you folks want. And technological advances to smartphones, iPads, even on Draft Day will eventually be part of the plan. We want to stay on the cutting edge with all of this if demand and expenses can be balanced. And I think we can figure out the Internet Explorer problem, too.
We already have 150 teams signed up for the Main Event, including 55 on the first weekend. I know many others are holding out until they know exactly what the plans are and I totally understand that. But get your travel plans in place because you will like what you'll see. We already have solid counts for the Ultimate, Super and Diamond Leagues, and we have 16 full Slow Drafts already when I created a national championship budget of 20. All of the events are on pace to reach our goals, so join us if you can.
I'm going to start new city by city threads today and start giving updates on each particular city shortly. I want to give everyone the latest updates on each event in each city and make sure we are all on the same page with starting times, host hotel rates, demand for each event, etc. Every city is a go and demand looks solid for each city right now with more signups to come.
I'm sorry that we can't explain everything fully right now, but as you can see we are all moving forward with our plans and it's time to get serious about Draft Day. Everything is currently in place for a seamless transition to new ownership, full payments of past NFBC (for any money left in accounts) and NFFC events shortly, and a solid, solid back-end provider/partner. Plan accordingly if you trust this plan and get ready for a historic and fun 2011 NFBC season.
