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  1. #1

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    Exclamation Who gets to keep the money ?!?!?!?!?!?!

    I have a stupid question when an auction occurs like the recent single character .biz one that raised approx. $360,000

    http://www.domainnamenews.com/domain.../6214#comments

    Who gets the money??? The registry, NeuStar, Icann ?

    These names were never registered before therefore who's property are they and how is this determined? Are there limitations in how they may use the funds example: advertisment for the extension, improving servers, etc.

    Thanks in advance

  2. #2
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    I would imagine the people who run the .biz tld would get the money. I totally forgot about the one letter .biz auctions.

  3. #3

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    Arrow

    So far it doesn't seem like anyone knows for sure? But who runs the .biz tld and are they free to send $360,000 as they'd like or only to benefit the tld? Remember these name were never registered before which is why I am curious.

    Thanks


    Quote Originally Posted by DomainsInc View Post
    I would imagine the people who run the .biz tld would get the money. I totally forgot about the one letter .biz auctions.

  4. #4
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    sedo will no doubt get substantial commission for promoting and selling $xxx,xxx worth of domains.

    The rest of the dosh will go to the .biz operators.

  5. #5

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    And the "operators" are free to spend the money as seen fit? Any oversight? Who are the operators?


    Quote Originally Posted by kevmacmeh View Post
    sedo will no doubt get substantial commission for promoting and selling $xxx,xxx worth of domains.

    The rest of the dosh will go to the .biz operators.

  6. #6
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    I think the operators are for-profit corporations so I suppose they manage their budget freely, like any other corporation. They just need to respect the Icann contract.
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