My sole reason of disgust over the event is the golden putter. People can exploit away and essentially buy their way to a win for a piece of gear unavailable to legitimate players/clubs who do not drain their accounts buying passes. If winners only got credits, boosts, etc. that's available to everyone, I'm good with it. I just really hate the idea of the golden carrot on the end of the stick.
I wish it was just between consenting clubs, where challenges are issued and accepted by club owners - and requiring clubs to be identical in level, as to ensure fairness (as much as possible). If the winning club got a few XP/speed boosts to split amongst the members, I'm good with that. You start throwing out unique ûber-gear and it's going to turn ugly.
Other than that, I'm good with the unofficial, casual methods of clubs just challenging each other for the sole purpose of pride and bragging rights.