Haymon used investors money to buy time slots on small time channels. And a few network channels. How long till runs out of money by overpaying fighters and laying for so many slots?
It won't fail because Al Haymon is using these events as cover for his Drug trafficking business. All of this is a front for his real business.
Now that's an elaborate master plan.
Does he also say "excellent" with his fingers pressed together sitting behind a desk?
I suspect this lawsuit will be slow going. I also suspect the upside of taking over boxing if PBC is successful is still worth the risk they are putting into this whole thing. So I think PBC gets through 2016 fine. If PBC is even doing anything wrong this is boxing so who cares. Its been proven Arum paid off ranking officials & he's still in the game. Maybe Al has to pay Oscar $20M or some % of this $100M or w/e lawsuit but it'll still be game on.
Mainly I just think we are a ways from finding out if this lawsuit has teeth & if anything this discover process will just show Arum & Oscar better ways of doing business probably. I really wouldn't be surprised for more Haymon-like entities to pop up in boxing as it makes for a more fluid fight making landscape in the sport if boxers aren't obligated & locked in with promoters.
Either way it'll be interesting like others are saying.
The fact that this lawsuit is proceeding to court says it is a lot worse for Haymon that he would like it to be. There will be no settlement this time and all his business dealings will be made public. It has been proven to have teeth. Big, long, nasty fangs!
As for Haymon controlling the sport, there is absolutely zero chance of that ever happening. Boxing is International in nature and impossible for one entity to control. What Haymon can do is exactly what he has been doing, and that is providing a lackluster product that will hurt the sport more than anything else while helping him pad his own bank account.
Once this case starts in court, all bets are off. If the injunction to get PBC to cease and desist all operations is successful, PBC may not see the end of 2015. And if the case does not go well for Haymon, 2016 may well end with him behind bars or at the very least out of boxing completely and PBC in other hands.
I have no problem with PBC continuing to function and exist. I do have a problem with Al Haymon playing fast and loose with the Ali act and other regulations. Break the law, pay the price.
Don't get me wrong, I like the boxing being on more frequently, absolutely. I do criticize PBC because I think the production could be better and it just looks like they throw money around to guys for less than stellar fights more often than not. There are other issues too like how Hymen can manipulate rules by presenting himself as one thing and performing the roles of two mutually exclusive parties for monetary benefit.
Lately, I've actually missed several of the PBC broadcasts partly because I didn't know it was on and partly because the lack of enthusiasm about the event in general. With FNF, it was Friday night, primetime and you got a full event with entertaining commentary and relevant news about boxing in general. Teddy did his crazy antics and fight advice with his sidekick. I don't get the same kind of feeling watching some of these more obscure fight cards.
The way he's spending the money it seems like the quicker he runs out the better.
No one has ever spent money anything close to this in boxing. Quite frankly I don't think he's accomplished anything but making sure him and his fighters are paid.
Fans have gotten a handful of decent fights out of it too.
God this argument is old. PBC will be around as long as Haymon has the money to pay for the airtime. Period. Which means at some point he has to start turning a profit. That will require him to bring in big sponsors, and to do that he will have to increase the viewership. To increase the viewership he will need to pit some of his better guys against each other. If he does, he may be around for a long time yet. If he doesn't, it fails the second he can't afford to pay for airtime. Period. There is no such business model as one that continues to lose money for years on end just cause. He clearly isn't driving the competition out of business, so he needs to bring in the viewers or he goes away. You can argue that all you want, but its reality.
I think more than half of the 400M has already been spent, but that includes paying for tv dates over the next two years. So he still has a lot of money to burn. The 2 big questions have yet to be answered, though. What is the PBC's end goal and is Haymon actually taking any risk?
Simple; PBC secures a content deal from one of the prime players (CBS/Showtime, NBC/NBCSN, Fox/FS1) to pair along with the likely monthly deals for ESPN, SpikeTV, and BounceTV.
50 dates per year, 10 of those dates being primetime on terrestrial TV, at $100m-$150m per year (a 5-year deal wouldn't be beyond logic).
Haymon and his investors seemingly have no problem with taking the slow money
so many so called "boxing fans" wanna see Uncle Al fail....I'm not sure why but it's not like HBO be having good fights every broadcast...I mean Little g been crushing cans on that network for a minute now...Krusher just ran through a taxi driver....Nelo and Kirkland lasted less than 6 minutes...plus the PBC commentators call it like it is...unlike the HBO dudes....they be gassing it's viewers with all types of f*ckery....brainwashing cats into thinking a certain way about certain fighters....PBC > HBO
Fanboy you cracked me up when you said you showed your statement. Only a simple minded insecure ghetto type would do that shhhhhhh. People with real money could care less.
didnt we already talk about this?
Oh yeah we did.
Why bring it up again? Must be mad at something
Judges deny Al Haymon motion to move the Golden Boy lawsuit to arbitration, so the lawsuit will proceed.— Lance Pugmire (@latimespugmire) September 17, 2015
Bob Arum tells me the federal judge and mediator***39;s ruling means "everything is going to come out" about PBC.— Lance Pugmire (@latimespugmire) September 17, 2015
Discovery, depositions and other details are in play.— Lance Pugmire (@latimespugmire) September 17, 2015
This is about to get good
Haymon and his investors don't have to make profit or just break even on meaningless fights. They're banking on their top stars to recover loses. High profile fights are lucrative, and that's exactly why Haymon is in this business in the first place. Lose some, gain significantly more.
Problem is they don't really have a lot of stars. Broner was gaining momentum, but got abruptly stopped by Maidana. Thurman, paired with another top fighter, is their best bet in recovering their loses.
I expect Wadell & Reed to do an assessment on the PBC after 4 quarters to see if it's hitting it's benchmarks. If it's not, and you throw in 2 major lawsuits that might have some teeth in regards to some of the illegal practices that Haymon may be guilty of, Waddell & Reed will have to pull the plug out of responsibility to their investors.
Next year could be the last year for PBC.
Judges deny Al Haymon motion to move the Golden Boy lawsuit to arbitration, so the lawsuit will proceed.— Lance Pugmire (@latimespugmire) September 17, 2015
Bob Arum tells me the federal judge and mediator***39;s ruling means "everything is going to come out" about PBC.— Lance Pugmire (@latimespugmire) September 17, 2015
Discovery, depositions and other details are in play.— Lance Pugmire (@latimespugmire) September 17, 2015
Who in Haymon's stable is PPV material?
You would have thought that by now at least Danny Garcia would have been headlining PPV's but he's not. Instead he's been carefully matched (with the exception of Peterson) ever since getting slapped around by Mauricio Herrera.
Deontay Wilder, Danny Garcia, Adonis Stevenson, Keith Thurman, Errol Spence Jr, among others. Not all of them are going to make it, but Haymon likely has 15 fighters under his umbrella who have a serious shot at becoming top draws and fighters in PPV matchups.
Haymon used investors money to buy time slots on small time channels. And a few network channels. How long till runs out of money by overpaying fighters and laying for so many slots?
$400m in investor money, with $115m spent for all of the time buys, all of the different sets and some from the net off of those initial shows.
$285m-$295m still on the books, allocate $3m per show (averaged across all of the PBC shows, that figure is actually ridiculously high) and Haymon has the budget to put on 90 to 100 fights cards without selling a single ticket or commercial.
Looking at the schedule (from March through the end of October, or eight months), PBC will have put on 40 shows. At that pace, you're looking at 60 PBC cards for a full year.
Financed for a year and a half of shows without earning a penny anywhere else (having shows succeed at the gate, ie Garcia-Peterson doing a big number and Mares-Santa Cruz capturing people imagination, and the advertisers starting to buy into the product, extends the window).
Well he has Networks Deals in Place for the next couple of years. Wisely Haymon keeps everything private so we don't know if he is making money or not but I am seeing a lot more Commercials during a PBC Event which = $ so I don't see him running out of investors Money anytime soon. Then most of you will have a fuking Stroke if after his current Paid TV Contracts run out that they get a TV package deal which will mean PBC is here to stay. I think that is actually very likely! It might not be a Billion $ Deal for the first deal but I do think a few networks will invest to keep it around and on their network. I would say NBC would love to keep it around it has been a hit for them during the Summer after the Basketball season and it is nothing interesting going on. NBC was scoring huge ratings with it!
Then what are you going to do if that happens, Cry about how Networks are losing Money. PBC Ratings might not be great to you and the people who are against it but Networks are looking for Programming that BRINGS Ratings to their Network and I would said PBC does that because boxing have its core fans.
We will have to wait and see. If it doesn't work all that will happen is Haymon take his roster back to Showtime most likely. So no if PBC doesn't work it doesn't mean all of the fighters will then sign to Top Rank, GBP and fight on HBO like some of you really hope would happen :lol1: