Originally posted by FrankieBruno
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Has Roc Nation Sports profited on any event they've put out so far?
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Originally posted by Omowale Tribe View PostI don't understand how companies like these stay afloat. They don't seem to ever make a profit. Hell, they don't even have the resources to get their high level fighters big fights.
Cotto fighting in New York in June will likely also put another nice paycheck into Roc Nation's pocket. With Ward's coming Oracle Arena fight now coming with an HBO Championship Boxing TV rights deal, you can count another show that likely does well for Roc Nation.
You add that Roc Nation has only 7 shows in their existence, and it's not all that much of a reach, i'd imagine.
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They are taking a huge loss on just about everything they do. The Cotto-Canelo event itself probably turned a profit, but supposedly they paid Cotto a huge signing bonus...but it definitely helped that they didn't have to pay Ward out of pocket on that event. The BET show which nobody watched was an embarrassing loss of several million dollars for no reason.
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