Okay so he spends all this money to buy time on various networks, assuming to make a good impression and encourage these networks to buy the product. We also assume he wants to get more eyes on his up and coming fighters. Then following one good card on NBC he starts putting these fights on that no one cares about.
Seriously, what is the point of putting fighters like Ghost on NBC but putting Khan vs Algeri on Spike? Why take the loser of the NBC fight and make him into a main eventer while taking the winner over to ESPN? Surely if Haymon wants to build a brand and gain support, now should be the time to go all out with great cards on these networks. Why even bother putting someone like Degale as a main eventer when we know American audiences won't support him?
I don't see his endgame either. The ratings seems to be increasing slightly over what the networks had in those time slots before but the numbers aren't earth shattering.
That's good enough. If he can do that over the first twelve months, the networks are more likely to buy in unless there's an opportunity that usurps whatever PBC is doing.
We had the Canadian Grand Prix here in Montreal today. The city pays F1 MILLIONS of dollars per year to host the event, not to mention the maintenance of the track and facilities all of which are paid by taxpayers, not F1. Tell me... when was that last time a city paid millions of dollars to hold a boxing match?
When it comes to boxing, you cannot turn a fvcking profit when you might take in 100K in advertising dollars and it costs you upwards of 2 million to put on a fight card. It does not balance out. Maybe you can figure a way to do it, but no one in history has been able to so far and I don't think Haymon will either.
Wilder-Klitschko, if the fight ever happens, will garner a multi-million dollar fee from some city/venue to host. The same could be said for Stevenson-Kovalev.
The boxing business in Las Vegas, outside of Floyd Mayweather's deal, has been built almost exclusively on casinos paying fees to bring fights to town. lol
Haymon isn't working off a budget of $100k; the most recent show (Guerrero-Martinez) featured, from my count at least 15 commercials that weren't Corona/PBC (with Procter&Gamble and Honda even putting up some commercials). You add that Corona, seemingly as title sponsor, is likely putting up a significant amount of money for every one of these PBC shows.
Beyond that, the payouts for each of these shows isn't $2m. Guerrero-Martinez and Figueroa-Burns both didn't likely cost that much, with Figueroa-Burns having the added benefit of selling 5k tickets.
We had the Canadian Grand Prix here in Montreal today. The city pays F1 MILLIONS of dollars per year to host the event, not to mention the maintenance of the track and facilities all of which are paid by taxpayers, not F1. Tell me... when was that last time a city paid millions of dollars to hold a boxing match?
When it comes to boxing, you cannot turn a fvcking profit when you might take in 100K in advertising dollars and it costs you upwards of 2 million to put on a fight card. It does not balance out. Maybe you can figure a way to do it, but no one in history has been able to so far and I don't think Haymon will either.
Yea that is what 40 years into the Eccelstone run? Give Haymon 40 years running things and lets see what he can come up with.
Vegas casinos pay to host boxing matches all the times, they pay rights fees to fill up their casinos. Considering the proliferation of Casinos across the US it can be done elsewhere, also there are a lot of fairly large sports venues that want boxing that would likely offer very good deals to bring fights there.
You can turn a profit in boxing, it just isn't easy but that is because the environment is super cut throat because of the shrinking pie. Reverse that trend and the sky is the limit.
If Haymon can make it work as well as he wants I don't know, there is a lot of risk involved in boxing but if it does he is going to cash in huge and will have got in on the ground floor.
Successful people never listen to naysayers~
Not really sure why people are saying Haymon is paying the fighters too much. The total purse for all the fighters on this card was only around 1 million.
Okay so he spends all this money to buy time on various networks, assuming to make a good impression and encourage these networks to buy the product. We also assume he wants to get more eyes on his up and coming fighters. Then following one good card on NBC he starts putting these fights on that no one cares about.
Seriously, what is the point of putting fighters like Ghost on NBC but putting Khan vs Algeri on Spike? Why take the loser of the NBC fight and make him into a main eventer while taking the winner over to ESPN? Surely if Haymon wants to build a brand and gain support, now should be the time to go all out with great cards on these networks. Why even bother putting someone like Degale as a main eventer when we know American audiences won't support him?
Degale-Dirrell was a 50/50 fight between two of the top 5 best fighters at 168. Khan-Algieri was a fight that still ended up airing in primetime, even if on Sp1keTV. And Keith Thurman, after headlining the inaugural primetime card on NBC, will now also headline the inaugural primetime card on ESPN (in essence, the US sporting epicenter).
The end game is a pretty basic one; lock in as big a rights fee with as many willing outlets as possible, keeping his fighters as busy as they want to be.
Sign a massive rights deal with Showtime/CBS (regular Saturday afternoon shows on CBS, 5-10 shows in primetime on CBS, prospect card on ShoBox/CBS Sports, and big shows on Showtime, whenever the calendar doesn't allow for primetime shows on CBS/fight merits PPV), lock in the primetime shows on ESPN and Sp1keTV
Not every show is going to be a star-studded affair (PBC is likely to put on at least 30-40 total TV cards this year), but the onus is on PBC to still delver good fights, which they've largely done, so far.
a black man runs a successful promotional company and haters feel threatened!
why do YOU cARE??
haymon putting fear into the institutions! oscar and arum worried!
PBC is growing and shows are beginning to flow. Fights are good and for the most part i would like to see all participants again. Win or lose. Decisions are good and right person winningwith maybe exception of Figuerero.
More people i talk to are watching.
Why can't you compare them?
....
We had the Canadian Grand Prix here in Montreal today. The city pays F1 MILLIONS of dollars per year to host the event, not to mention the maintenance of the track and facilities all of which are paid by taxpayers, not F1. Tell me... when was that last time a city paid millions of dollars to hold a boxing match?
When it comes to boxing, you cannot turn a fvcking profit when you might take in 100K in advertising dollars and it costs you upwards of 2 million to put on a fight card. It does not balance out. Maybe you can figure a way to do it, but no one in history has been able to so far and I don't think Haymon will either.
You cannot compare boxing to F1 in even the most delusional of dreams. That is even worse than comparing it to the NHL or NFL or MLB or NBA.
There is no possible way that Haymon will turn even a minimal profit from the PBC as long as he continues to pay out the purse amounts he does. It is simply impossible. He would have to be charging Superbowl advertising rates for a program that has less than 1% of the viewers. It's not gonna happen.
The only way PBC can survive at all will be to use the initial two years of exposure that is paid by investors to grow awareness of boxing and hope to be able to get a deal with ONE network which will then be used to promote low end, low purse fights to direct people to future PPV cards where there will be a chance for a decent profit. Similar to the deal UFC has with FOX. Low budget for the FOX shows to promote the monthly PPV. But even then, to be profitable they will have to limit the purse expenditure on the PPV events as well. In the end, the fighters come out on the short end.
Why can't you compare them?
The only absolute thing about speaking in absolutes, is that you are absolutely wrong. He can turn a profit, in fact it isn't even that hard to comprehend.
He will get a TV deal out of this even doubting that is beyond retarded considering how live sports is crystal meth to TV executives. His goal is to be the boxing kingpin, but his more short term goal is to raise the profile of boxing.
Boxing is a better TV sport than UFC~ and boxers have a much better pay scale so I fail to see your point as my point was about the pie getting bigger. If the pie (overall revenue) gets bigger then there are no issues. One of boxing's main issues is that it is cut throat over an ever shrinking pie.
A rising tide lifts all boats would be what Haymon would probably say, himself, fighters and networks. If you can't see that then there is no point discussing it with you because you lack foresight.
The thing is that as long as Haymon continues to buy his airtime and the networks investment is extremely limited, they will let this farce continue. They have enough investment money to keep this going for two years. After that, we will see what happens. There is also the court case against Haymon pending and that may have a bearing on what happens as well.
What court case? The one where Oscar is salty that boxers actually like Haymon for getting them top dollar AND prime TV slots?
The investors' money is spent for TV air time, venue, promotion and fighters...
... The advertisers' money is income (together with the gate money)...
The gate for yesterday's fight looked to be around 1000 people. And considering how the previous cards have gone, most of those were probably free tickets. The only seem to have one major advertiser and that is Corona beer. The other advertising you see on the programs is local and the money from that goes to the local station, not PBC.
His goal is to grow the pie, not slice off a larger chunk of the steadily shrinking pie.
If he can grow the pie of boxing, his money gets bigger as a result even if he keeps just a certain share, although if it works well his share should increase also so he would be getting a huge return.
Can he grow the pie in boxing is the question, and it is a huge risk but with that comes the possibility of huge rewards.
If you want a good example of a guy that did something like this look at Bernie Eccelstone and F1. He was able to corner the market on the TV rights at the perfect time and did a lot of good for the sport while lining his own pockets.
You cannot compare boxing to F1 in even the most delusional of dreams. That is even worse than comparing it to the NHL or NFL or MLB or NBA.
There is no possible way that Haymon will turn even a minimal profit from the PBC as long as he continues to pay out the purse amounts he does. It is simply impossible. He would have to be charging Superbowl advertising rates for a program that has less than 1% of the viewers. It's not gonna happen.
The only way PBC can survive at all will be to use the initial two years of exposure that is paid by investors to grow awareness of boxing and hope to be able to get a deal with ONE network which will then be used to promote low end, low purse fights to direct people to future PPV cards where there will be a chance for a decent profit. Similar to the deal UFC has with FOX. Low budget for the FOX shows to promote the monthly PPV. But even then, to be profitable they will have to limit the purse expenditure on the PPV events as well. In the end, the fighters come out on the short end.
The end game is to have the PBC brand be synonymous with the top end of boxing. So that the public will think all the best fighters are with PBC and anyone not in PBC is not truly testing themselves in the big league.
Similar to UFC. Or at least that's how it appears
I've always thought this was the long term plan.
The investors' money is spent for TV air time, venue, promotion and fighters...
... The advertisers' money is income (together with the gate money)...
The advertisers money is the investors money, most commercials are for pbc lol
His goal is to grow the pie, not slice off a larger chunk of the steadily shrinking pie.
If he can grow the pie of boxing, his money gets bigger as a result even if he keeps just a certain share, although if it works well his share should increase also so he would be getting a huge return.
Can he grow the pie in boxing is the question, and it is a huge risk but with that comes the possibility of huge rewards.
If you want a good example of a guy that did something like this look at Bernie Eccelstone and F1. He was able to corner the market on the TV rights at the perfect time and did a lot of good for the sport while lining his own pockets.
If it continues at this rate I doubt it makes it two years. Sure they bought the air time already but I think the investors will just cut their losses. There is no point in throwing money away on fighters and advertising for something that's going nowhere.
The investors' money is spent for TV air time, venue, promotion and fighters...
... The advertisers' money is income (together with the gate money)...
The thing is that as long as Haymon continues to buy his airtime and the networks investment is extremely limited, they will let this farce continue. They have enough investment money to keep this going for two years. After that, we will see what happens. There is also the court case against Haymon pending and that may have a bearing on what happens as well.
If it continues at this rate I doubt it makes it two years. Sure they bought the air time already but I think the investors will just cut their losses. There is no point in throwing money away on fighters and advertising for something that's going nowhere.
The ratings are really terrible I just went on tvbythenumbers and shows like teen mom do 1.5 plus and their budget is a fraction of pbcs. The reality is shows with these ratings get cancelled. He needs bellator type budgets or this will end quickly.
The thing is that as long as Haymon continues to buy his airtime and the networks investment is extremely limited, they will let this farce continue. They have enough investment money to keep this going for two years. After that, we will see what happens. There is also the court case against Haymon pending and that may have a bearing on what happens as well.
The ratings are really terrible I just went on tvbythenumbers and shows like teen mom do 1.5 plus and their budget is a fraction of pbcs. The reality is shows with these ratings get cancelled. He needs bellator type budgets or this will end quickly.