Waddell investment down to the last 82M? OUT of (521M)

That's the lawsuit that had nothing to do with Haymon right? The investors were suing the fund for investing in PBC but Haymon/PBC weren't being sued, right? No Haymon and PBC weren't named, this was the BobFather and crew trying to get a class action to stop the PBC funding (if we sue there investors there won't be any money disseminated). Gift did a good job writing about this while it was happening and also there was another blog/writer I can't remember who had theories and was following it close. Anyway the rumor mill in boxing was the plaintiff's attorney's (who shopped for plaintiff's btw) was close with the BobFather and were pointed in the direction of Waddell/Haymon under the guise it would cut off funding. So not sure if it did indeed tie Al's hands in negotiating it may have, I would argue NO network was going to negotiate with him before this year anyway because well, why would they? They were getting paid. Now that the payments ended I believe Sept of this year, the window was open. The Lawsuit is a good read though, basically said the Waddell crew did nothing wrong nor did Haymon.

Why would you mention the current agreement of fights taking place on FOX? That is completely irrelevant to the new FOX deal. It sure made it easier to negotiate without that case over his head. No, didn’t change anything.

In short, it didn’t stop them from doing anything. Why would you mention the current agreement of fights taking place on FOX? That is completely irrelevant to the new FOX deal. It sure made it easier to negotiate without that case over his head.

Why would it have stoppped them from having fights on FOX? The prior deal has nothing to do with the current deal. In short, it didn’t stop them from doing anything.

yeah I mean PBC is dead , right???? I genuinely don't know. Are they still doing events? If my post was bumped I'm guessing so.

That's the lawsuit that had nothing to do with Haymon right? The investors were suing the fund for investing in PBC but Haymon/PBC weren't being sued, right? I believe so. And even if Haymon companies were named, it wouldn’t stop them from negotiating. I don’t think people realize how many lawsuits financial firms deal with at a time. And they’re almost always settled for peanuts or thrown out of court unless there is some fraud taking place. I dealt with contractual language for a publicly-traded firm for 12 years. These kind of suits are more concerning from an optics perspective than they are from any other kind of damage.

It never stopped them from negotiating, just like it never stopped them from putting fights on FOX. Why would it have stoppped them from having fights on FOX? The prior deal has nothing to do with the current deal.

Let's just hope PBC won't screw up this time with their new deals.

The lawsuits definitely slowed things down for Haymon, but it ended up working out fine for him. This was the major lawsuit from all the ones he had to deal with. It never stopped them from negotiating, just like it never stopped them from putting fights on FOX.

Exactly what happened, allowed him to negotiate. The lawsuits definitely slowed things down for Haymon, but it ended up working out fine for him. This was the major lawsuit from all the ones he had to deal with.

Anyone with 2 brain cells can see the writing is on the wall for PBC. The amount of shows they have scheduled are at a all time low, the fights they do have contain far less star power then what they had just 6 months ago. Numerous reports that the losses in 2015 are in the hundreds of millions. Reports for almost every PBC event about not being able to sell tickets and being forced to give mass amounts away for free. The TV ratings for every network that pbc has aired on are weak and trending down just compare the ratings in the first half of last year to the second half for that same network. PBC debuted on FOX 33% less ratings then what they debuted on NBC yet idiots want to tell you PBC is growing then why are the ratings going down? The hedge fund is almost out of money. And the two biggest announced pbc fights are no longer pbc brand fights not out of design both sent to showtime to have them pay the fighter purses to try and limit the losses pbc incurs. PBC has been hit with two hundred mil plus lawsuits questioning whether any of this is even legal. Got to hand it to haymon fan boys trying their hardest to spin this as PBC is doing just "fine". LMAO 2 brain cells. LMFAO!!!! PBC dead!!!

Anyone who doesn't think PBC is going to end in disaster is utterly delusional. It has been doomed for failure from the start because it doesn't have a single fighter in the top 10 p4p, nor will it work with one that is. You cannot shut your eyes and pretend that the whole boxing world that isn't affiliated with Al Haymon doesn't exist. It has made no inroads into changing the boxing landscape, apart from shutting down a bunch of anticipated fights. It's just going through the motions, making a some good fights and some totally illogical fights. A lot of its fighters are getting oddly good paydays, and Haymon too (basically writing himself a check each time :lol1:) Haymon screwed over HBO, screwed over Golden Boy, screwed over Showtime, and will screw over this investment firm. The Emperor has no clothes. He used to have a guy called Mayweather one, who was an amazing talent made on HBO, who fought De La Hoya and Hatton and became huge..and then retired. All the Haymonites put all their faith in a guy who doesn't even talk, who won't even tell us what his model for success is. Why exactly should we trust this guy? He stunk up HBO, he stunk up Showtime, and he's made a mediocre start to network TV. You guys are so delusional, it's not even funny. And when it all comes crashing down like it inevitably does, you have to hope that he hasn't permanently *****ed up boxing. This guy is really smart. PBC ended in disaster!

Haymon wasting hundreds of millions and going broke soon. Who didn't see that coming? Haymon nuthuggers now: "He only lost 200 million tops doe, he is fine doe" These guys are some crazy pathetic circlejerks. :bukkake: Haymon broke. PBC dead. good call by you JUbei.

you mean sticking mediocre boxing with terrible production and gameshow entrances on dying network tv when it was already being pushed out of espn 2 timeslots didn't catch on? harvard Lol _______

It's not just the purses but it's the production costs, and too many events. He would of been better off starting with 1 network but he bought air time on too many networks and has to fill and pay for too many shows. They have got crap tv ratings so whatever advertiser money they get is very low because ad time is solely based on ratings you pull for your time slots. They are making no money at the gate for these fights. Attendance has been terrible most of the people who have showed up only did so because they were given free tickets. This what you get when you have 3rd rate promoters who you hire for a flat fee and have no incentive to promote the fight well. They are paid up front if it fails or flops they don't own the fighters and may not get their next fights. Haymon was arrogant thinking he could just put his big name fighters in mismatches and fans would show up and watch on TV regardless if the fight wasn't promoted well and if the matchups where terrible. That's how you lose almost 600mil in 1 year. yeah man PBC dead. Haymon don't know what da f-ck he doin and shit!

Pug said the model isn't working. You and Imdazed have **** math skills and clearly can't read. Either that or you're so pathetic you ignore the evidence. The latter seems more likely. Another genius with an MBA :lol1: :lol1:

you mean sticking mediocre boxing with terrible production and gameshow entrances on dying network tv when it was already being pushed out of espn 2 timeslots didn't catch on? harvard yeah I mean PBC is dead , right????

Settled in April eh? Not sure how I missed that. Well, that's good to hear. Probably allowed him to start negotiating the network deals after that was taken care of. Exactly what happened, allowed him to negotiate.

Paul Gift wrote that the lawsuit (I'm assuming we are talking the investor lawsuit) was settled. Looks like they paid attorney fees and nothing else. Good for the attorney's who brought the case. Here is a link on their website: https://www.zamansky.com/wp-content/uploads/2018/05/Amended-Notice.pdf Settled in April eh? Not sure how I missed that. Well, that's good to hear. Probably allowed him to start negotiating the network deals after that was taken care of.

So fighters dont get more known the more years they fight? You’re acting like they wouldnt be more known if they were with anyone else. Lol at trying to use that as some point of success. I heard of this one guy, fights out of Oklahoma, Lawrence Crawdad or something. 3 division champ. His friends call him “Pal”. I bet if he was with pbc you would have heard more about him. :nonono:...:dunno: https://media1.tenor.com/images/5affb2396aa6622a4c9e52f209f353b0/tenor.gif?itemid=4448298