You pay for what you might get. You may have to pay 17.5k, but if you win you get everyone else's gold too. So there's no way to loose! Unless you loose, and then you're out of luck.
But due to a short list of applicants I will not run it until I have a full roster.
And, on that note, I have updated the prices.
DIVISION A - 10,000 gold
DIVISION B - 7,500 gold
DIVISION C - 5000 gold
DIVISION D - 1000