FYRE Pageant organizers wish to mild the vendor’s market on the pageant scene ablaze … formally fielding presents for FYRE’s IP — and searching for hundreds of thousands to half with it.

Sources near the pageant inform TMZ … greater than 700 presents have been submitted to organizers since they introduced they’d half with the rights final month.

Whereas many are lowball presents and jokes, we’re advised about 86 have been legit … and, organizers have met with about 30 or 40 of these legit potential patrons to speak turkey.

Our sources say many of those sturdy presents are coming from conventional pageant firms, web media firms and entrepreneurs who’re making an attempt to get into the leisure trade.

Whoever finally ends up shopping for it higher be prepared at hand over a bundle of money … ‘trigger we’re advised the crew behind FYRE needs excessive seven figures or low eight figures to promote. There isn’t any timetable on the sale — however, our sources say the earlier, the higher.

As you already know … a part of the explanation for the sale is due to the controversy that cropped up when officers in a metropolis in Mexico claimed pageant organizers by no means reached out to them, regardless of FYRE organizers protesting in any other case.

We’re advised officers from Utila — an island off the Honduras coast — and the Turks and Caicos Islands have reached out hoping to host FYRE Pageant 2 … so, the FYRE crew needs to select an organization that’s open to going to a type of places.

As soon as offered, our sources say Billy McFarland — FYRE’s founder who served a number of years in jail for fraud after the primary pageant debacle — will not be concerned formally … although we’re advised he is open to staying on if the corporate that buys it needs his assist in some capability.