Sanctuary Server PK Event?

Good Morning Friends,

I hope everyone is doing great.

In light of the recent developments of the NW map getting the size of a continent and the shady response from the GM's and developers on when the map would be fixed to it's original size, coupled with the fact that most TW's are one sided these days, I would like to propose a server wide PK event.

The rules would be fairly simple,

5 or 6 Member teams would register for the event.
The entry fee can be set to 5mill per team.
The team that wins would get 55% of the pot, second place team will get 30% and third place will get 15% of the pot.
Someone like Asterelle, with undisputed reputation can hold the pot money. If someone has a better suggestion please throw forward the name.
I know the gear different between some team's would be huge, if we have enough sign ups maybe we can make 2 different brackets based on gears.
This is a fun event and I hope no one talks about profit making from this event.
If someone does not have a team, they can sign up individually and can pair up with others without a team or with a team lacking a member or two.

This is just a layman's overview, the terms and conditions can be modified. Just wanted to check how many people would be actually interested in such an event if someone tried to organize it.

Just wanted to add, not a lot of people actually look at the forum's, so if people can post this in their faction forums for everyone to see it would be helpful.

Best Regards,
Your friend Asian.