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#21
Old 12-01-2012, 07:18 AM
Pan-Africanist
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Who cares about a promoters license. Al Haymons pretty much running boxing without one. Anybody whos ever ran a company, or been high enough in the company to see the bills, knows you do what you have to to cut the cost of over head. A promoters license is pointless unless you have a large stable of fighters. 50 getting a license was a waist of money because he cant put a card together by himself anyway.
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#22
Old 12-01-2012, 07:27 AM
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Mayweather promotions was a valid LLC, it has had no office or staff since 2010.

http://www.allvoices.com/contributed...c-gets-evicted

Mayweather is a GBP fighter
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#23
Old 12-01-2012, 07:27 AM
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Quote:
Originally Posted by boxingfeind
This Article explains how Mayweather deal with Goldenboy is set up:




LAS VEGAS — On Saturday night, Floyd Mayweather Jr. will make tens of millions of dollars for an hour’s worth of work, if that. He will be paid for what happens inside the ring and outside it, paid far more than any other boxer fighting today, for far more than just his performance in a welterweight title fight against Victor Ortiz.
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Ethan Miller
In his previous four fights, Floyd Mayweather Jr. earned $115 million.
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On fight nights, if it were not for the din of the crowd and the sounds of fists striking chins, Mayweather could hear the ringing of cash registers. He earns a percentage of every ticket purchased, every pretzel consumed, every poster sold. He will earn from countries that paid for broadcasting rights and the theaters where the fight is shown.

Mayweather, regarded as one of the best boxers in history, fights under a highly unusual financial structure, exchanging upfront risk for back-end profit while retaining total control. He is even responsible for paying his opponent, in this case a business expense of at least $2 million.

“It’s never been done,” Mayweather, who is 41-0, said about his financial model. “Not in entertainment history. Not in sports history. You see that arena Saturday? It’s all Mayweather money. Want a hot dog? Mayweather money. Want a T-shirt? Mayweather money. I need all that.”

He can pull this off because of the leverage he forged with his success in the ring. Few, if any, other boxers command such widespread attention and generate so much revenue with a single fight.

In his previous four fights, Mayweather earned $115 million. For Saturday night’s event, he is expected to make about $40 million, and the checks will come for years, determined by the results of many things beyond the fight itself, like the gate and the pay-per-view television numbers. This makes Mayweather a regular among athletes on Forbes magazine’s list of most powerful celebrities, even though the bulk of his annual income is usually generated in one night.

Mayweather, 34, described his business plan after a workout this week at the family boxing gym here. Sweat dripped down his face as he sat on the ring apron in business attire (shorts, hand tape), growing more animated over his favorite subject, money. Money earned. Money wagered. Money spent. Money flashed. Money lost.

On that topic, Mayweather said he collected $100,000 the previous night betting on N.F.L. games. He mentioned his 29 cars and charitable donations in the same sentence. He even compared his spending habits to a stimulus package: “If I’m making it rain, I’m throwing it to American citizens. In a recession!”

For most of the first 10 years of his career, Mayweather fought for the promotional company Top Rank Boxing, under a more typical model, with most of his money guaranteed upfront. Their split, in 2006, was far from amicable, marked by lawsuits.

Once freed, Mayweather met with Leonard Ellerbe and Al Haymon, his most trusted advisers, to develop a new plan. They wanted to control every aspect of a promotion, including the promoters, whom Mayweather hires on a contract basis for each fight. He also changed his nickname, from Pretty Boy Floyd to Money Mayweather, part of a philosophical shift.

For his last four fights, Mayweather has hired Golden Boy Promotions, a company started by Oscar De La Hoya but run by Richard Schaefer, a former Swiss banker with no previous boxing background.

To explain the business model, Schaeffer starts with a pie. A little more than half goes to the distributors (Time Warner, DirecTV, etc.). The balance goes to the network, HBO or Showtime, which takes its distribution fees and hands the rest to the promoters.

In this case, Golden Boy has one contract with HBO and another with Mayweather Promotions. But the money, less what distributors and networks take, is under Mayweather’s control; normally the promoter would control it.

That pie is only part of the total revenue, the pay-per-view TV part. To illustrate the other revenue streams, Schaefer pulled a piece of paper from his pocket, a spreadsheet written in 6-point typeface. Drawn out, Schaefer said it would take up two chalkboards, but on the sheet in his pocket, it was boiled down to a formula for how much Mayweather would earn, based on how many people bought the fight and what the other revenue streams brought in.



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#24
Old 12-01-2012, 07:29 AM
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what a nuthugger.
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#25
Old 12-01-2012, 07:37 AM
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Quote:
Originally Posted by boxingfeind View Post
I made this thread cause i realize that some of you are very gullible or just plain dum and think cause 50 cents said things about Floyd that its must be true and think that there`s no way 50 whose floyd`s enemy would lie about Floyd.



Mayweather Promotions LLC
http://www.manta.com/c/mtrsfhf/maywe...promotions-llc


Mayweather Promtions events Calender and Website:
http://www.mayweatherpromotions.com/events-calendar/


Mayweather promotions Nicki Minaj: Pink Friday Tour
http://lockerdome.com/events/99183572
http://lockerdome.com/members/maywea...admin/schedule


Jessie Vargas on Top Rank, leaving Mayweather Promotions, etc
https://www.youtube.com/watch?v=IuZNII3Klc4



Jleon love says his team is Al Haymon and Mayweather Promotions:
https://www.youtube.com/watch?v=EwfsNWgI0Ow
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#26
Old 12-01-2012, 07:58 AM
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I'm actually impressed that you could create this thread with your head so far up Floyd's ass.
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#27
Old 12-01-2012, 08:05 AM
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Worse? Bieber fans or Mayweather fans?
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#28
Old 12-01-2012, 08:26 AM
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Just to clarify for everyone:

Mayweather promotions does exist, however it does not hold a promoters license. That is outsourced to GBP as is the majority of the promotional legwork, which Floyd pays for. Hence he is entitled to a % of the back end. Normally that's the realm of the promoter who takes the financial risk. My guess is the company exists as a vehicle that writes the cheques to GBP to do the promoting and for all the other front end costs.

Al Haymon does not have a promoters license. There is a very specific reason for that. Managers must be separate from promoters. By not having a promoters license Haymon gets around that and essentially acts as both.

Floyd is financially illiterate (like many many many pro athletes). The hoopla about him not having an accountant or financial adviser because of Haymon is silly, it is his own doing. He's been put into contact with firms like Goldman Sachs before. He called them Goldman Sucks. A safe return from bonds (not so safe anymore, but that's another topic) isn't within Floyd's realm of understanding. He sees that return and thinks he's better off gambling. You only need to look at his actions to know he is financially illiterate. What kind of fool keeps millions of dollars of cash in their house (earning nothing) and spends millions and millions on jewelry, and a fleet of 29 cars?? I hope he leases those cars. Anyway FLOYD IS GOOD AT MAKING AND SPENDING MONEY. MANAGING MONEY IS DIFFERENT FROM BEING ABLE TO EARN IT.
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#29
Old 12-01-2012, 08:34 AM
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Of course they exist, they have T shirts.

But its not a boxing promotion. Think of it like this. A lemonade stand ran by a 5 year old, for all intensive purposes, can name his lemonade stand anything he wants... and make T shirts that say "Lemonade promotions".
It just so happens that floyd has "mayweather promotions". But a boxing promoter, he is not.
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#30
Old 12-01-2012, 09:33 AM
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Mayweather Promotions has more in common with the tooth fairy than Top Rank
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