Should Oscar have taken the $100 million from Haymon?

It's a mistake to sell something you had no intentions of selling for money that doesn't change your lifestyle? 100mil is a lot of money to you or I. It instantly changes our lifestyle maybe gives us access to celebs and millionaires. But Oscar already worth over 200m and is a celeb who rubs shoulders with other celebs and millionaires. You see his statue every time you go to Lakers games. Look at the A list celebs that appear at his charity events. What does 100mil do for a guy like Oscar who clearly likes being a promoter. It's not like he was shopping his company and wanted out and then got an offer and turned it down because he thought he could get a better offer. No he never intended to sell is happy doing what he's doing being around boxing. So the problem isn't the details of the offer haymon made. If a small time Joe created golden boy with a couple thousand and built it up to a company that someone willing to pay 100m for to transform their life and open doors to money and frame. OK i'd understand cash out. But Oscar made hundreds of millions fighting is literally one of the most wealthy and financially successful figures in boxing history. He don't need 100m to become rich and famous he already has both those things and likes owning his company. Even if he has 200 million 100 is still a lot to him. 50% increase of net worth is never a small deal and he doesn't have that much free cash. An opportunity that will never come against likely, because someone only gets a great deal if they don't want to sell, if he wants to sell it will be for a reason and someone will be paying him pennies on the dollar for what he built. It is not even about the money really because Oscar could have had it all money, involvement, less stress if he played his cards right. Now he has to struggle and fight to keep GBPs head above water, and if GBP starts to struggle financially he is going to have to backstop it in some way because there is no one else to. He got what he wanted, but that old saying about be careful what you wish for~

I am telling you what would have been wise for Oscar to do, he is free to do whatever he wants and make mistakes. He didn't look at the situation analytically though or he would have seen he could have achieved that and been better off. You can't make someone see reason that does not want to see reason, but the person unwilling to see reason would generally be better off had they actually been real. It's a mistake to sell something you had no intentions of selling for money that doesn't change your lifestyle? 100mil is a lot of money to you or I. It instantly changes our lifestyle maybe gives us access to celebs and millionaires. But Oscar already worth over 200m and is a celeb who rubs shoulders with other celebs and millionaires. You see his statue every time you go to Lakers games. Look at the A list celebs that appear at his charity events. What does 100mil do for a guy like Oscar who clearly likes being a promoter. It's not like he was shopping his company and wanted out and then got an offer and turned it down because he thought he could get a better offer. No he never intended to sell is happy doing what he's doing being around boxing. So the problem isn't the details of the offer haymon made. If a small time Joe created golden boy with a couple thousand and built it up to a company that someone willing to pay 100m for to transform their life and open doors to money and frame. OK i'd understand cash out. But Oscar made hundreds of millions fighting is literally one of the most wealthy and financially successful figures in boxing history. He don't need 100m to become rich and famous he already has both those things and likes owning his boxing company.

You keep thinking that if haymon offered more or changed the deal he was going to sell. And I'm telling you Oscar had no intentions of selling his company period. The offer wasnt the issue. His company wasn't on the shopping block for a reason. Just because someone out the blue offers to buy and you think it was a fair offer if you never intended on selling you will turn it down. And Oscar doesn't need the money. He likes being the owner of a promotional company but he clearly doesn't want to be locked in a room making day to day deals so he hired some one else to do that like most owners of companies do. If he didn't like being an owner he would of sold the company. I am telling you what would have been wise for Oscar to do, he is free to do whatever he wants and make mistakes. He didn't look at the situation analytically though or he would have seen he could have achieved that and been better off. You can't make someone see reason that does not want to see reason, but the person unwilling to see reason would generally be better off had they actually been real.

Robert Kraft is not the same as Oscar De La Hoya and those situations are not apples to apples. Oscar obviously didn't want to sell because he didn't take what was a very good deal and like I said he could have negotiated it any which way to make it work better for him. I don't know that Oscar has 85 to 100 million liquid cash, he is rich but he isn't rich like that. Plus Oscar was also never the main guy in terms of building the business, he was there as a fighter and that was huge but other than that what has he really done for the business it was always someone else Schaeffer or Gomez running the show while he is doing Oscar things. So how much does he really love it? You keep thinking that if haymon offered more or changed the deal he was going to sell. And I'm telling you Oscar had no intentions of selling his company period. The offer wasnt the issue. His company wasn't on the shopping block for a reason. Just because someone out the blue offers to buy and you think it was a fair offer if you never intended on selling you will turn it down. And Oscar doesn't need the money. He likes being the owner of a promotional company but he clearly doesn't want to be locked in a room making day to day deals so he hired some one else to do that like most owners of companies do. If he didn't like being an owner he would of sold the company.

That's assuming Oscar wanted to sell in the first place but he didnt. That's a good plan if Oscar put his company on the selling block and then turned down the best offer. But he had no intention of selling away his company or getting back just a 15% stock. He started golden boy with a few million not to build it up and sell it for a profit. He wants to be a player in boxing. That's like Bob Kraft who bought the Patriots but was already a wealthy man but was a die hard fan and long time season ticket holder for the patriots. When the team became available he bought it not to make money but to be a part of the NFL and the team he grew up a fan of. Since then his team is now one of the richest in all of sports and he has been offered to sell and make 10-20x what he invested. Yet he has stated he wouldn't sell for any amount. He likes the limelight and status being the owner in the NFL and he's an actual fan of football and the Patriots before he owned them. If you offered him billions he still wouldnt sell because hes already a billionare he dont need the money. His son Jonathan Kraft is going to inherit the team when he passes. The point is just because someone offers to buy something don't mean you want to sell. Oscar doesn't need 100mil or 85mil hes already worth more then that the dude is one of the most wealthy men in boxing history. So money is not the major factor he's in it because he wants to be a major player in boxing. Same with Bob Arum by the way I don't think there is any amount he would sell Top Rank for either. Robert Kraft is not the same as Oscar De La Hoya and those situations are not apples to apples. Oscar obviously didn't want to sell because he didn't take what was a very good deal and like I said he could have negotiated it any which way to make it work better for him. I don't know that Oscar has 85 to 100 million liquid cash, he is rich but he isn't rich like that. Plus Oscar was also never the main guy in terms of building the business, he was there as a fighter and that was huge but other than that what has he really done for the business it was always someone else Schaeffer or Gomez running the show while he is doing Oscar things. So how much does he really love it?

Very true. I'd speculate if Oscar wasn't in the throes of addiction when this all was going down he might have been part of the plan potentially. Oscar's the face & name, Schaefer is the genius promoter & Haymon is the guy who can get the money. Thats a perfect team & they'd have likely crushed if they had all joined up with GBP's brand, roster & influence at the time. And sh^t Oscar is the first person in the boxing business with any power who I heard talking about creating a UFC of boxing which is what boxing needs so he for sure would have been down with the ultimate PBC plan which was rumored & speculated on for a long time & confirmed via the discovery in these court cases. But I am one of the cats who doesn't necessarily see anything sinister with keeping Haymon guys around un-signed (vs walking away from GBP if push came to shove which most everyone ignores as a likely fact) that some people see as unforgivable & assume Oscar knew nothing about despite him likely being consumed by bigger demons during that time than recalling talks, reports & emails about Schaefer's business plan with Haymon fighters. Yea I agree because I think Oscar played his hand poorly, lots of people think he did the only thing he could do but to me he clearly had other options. The goal of a company is to make money and a boxing company is about putting on events. If a guy is signed or not signed doesn't matter much as long as the events are being put on and are successful, having a guy signed is nice but is not the only way to achieve the goal. If Haymon did not want to work with GBP he would have went elsewhere and having his guys help to build the GBP brand is in essence keeping Haymon's on contract because going anywhere else requires a whole reset like what actually went down and that was clearly not the most efficient way to go. It was not seeing the forest through the trees. He would have got paid more money, had less problems, got to be involved more so with his guys like Canelo, and participated in growth if Haymon's plan actually worked and might have had an even more valuable asset. Haymon would have started laps ahead of where he was with a viable brand and had Schaeffer pull the strings all along which would have lessened the learning curve.

All he had to do to stay involved was say ok I will take 85 million and keep 15% ownership, plus I get a stake in any guy I bring to the table and want to be involved in those guys like Canelo. Considering the effort that was put into making GBP a powerful brand Haymon and company likely would have been willing to deal because it wold have saved them a lot of time and effort they had to redo later in PBC. Oscar is a retard because they both could have won and got what they wanted it wasn't a zero sum game. That's assuming Oscar wanted to sell in the first place but he didnt. That's a good plan if Oscar put his company on the selling block and then turned down the best offer. But he had no intention of selling away his company or getting back just a 15% stock. He started golden boy with a few million not to build it up and sell it for a profit. He wants to be a player in boxing. That's like Bob Kraft who bought the Patriots but was already a wealthy man but was a die hard fan and long time season ticket holder for the patriots. When the team became available he bought it not to make money but to be a part of the NFL and the team he grew up a fan of. Since then his team is now one of the richest in all of sports and he has been offered to sell and make 10-20x what he invested. Yet he has stated he wouldn't sell for any amount. He likes the limelight and status being the owner in the NFL and he's an actual fan of football and the Patriots before he owned them. If you offered him billions he still wouldnt sell because hes already a billionare he dont need the money. His son Jonathan Kraft is going to inherit the team when he passes. The point is just because someone offers to buy something don't mean you want to sell. Oscar doesn't need 100mil or 85mil hes already worth more then that the dude is one of the most wealthy men in boxing history. So money is not the major factor he's in it because he wants to be a major player in boxing. Same with Bob Arum by the way I don't think there is any amount he would sell Top Rank for either.

If he had sold out he'd probably have been out of the game for several years via a non-compete clause. When the UFC bought out Pricde the owner had a 7 year non-complete clause before he could start his new MMA outfit, Rizen. I'm sure the current owners of the UFC got non-compete clauses for the Fertitta brothers & Dana White already signed for once they are all officially out of the new UFC. All he had to do to stay involved was say ok I will take 85 million and keep 15% ownership, plus I get a stake in any guy I bring to the table and want to be involved in those guys like Canelo. Considering the effort that was put into making GBP a powerful brand Haymon and company likely would have been willing to deal because it wold have saved them a lot of time and effort they had to redo later in PBC. Oscar is a retard because they both could have won and got what they wanted it wasn't a zero sum game.

"Haymon offered to purchase Golden Boy Promotions for $100 million in 2013, according to a Motion in Limine filed by the Haymon Defendants. Haymon’s motion is an attempt to keep arguments and evidence of this offer out of the upcoming trial, claiming it has “no bearing” on Golden Boy’s damages or liability theories." - Bloody Elbow

Golden Boy Promotions has basically been in existence for 15 years at this point, and Oscar De La Hoya could only be bothered to care about running his shop for just these past two year. Compare that to Floyd Mayweather, whose company has been in existence for about a decade, have been actively running their own shows since 2012, and Floyd has been involved in his company from the moment they were running their own shows. Oscar doesn't promote because he loves it; he promotes because boxing is the only thing he knows or is any good at. Showing up for pictures don't mean you running it. Oscar and Floyd just the faces of their companies they hire people to run the day to day. Ellerbe runs the show for Mayweather promotions. Schaefer ran it for golden boy and now Eric Gomez runs it. Gomez was promoted to president of Golden Boy last year but that's a formality he's been running the company much longer since Schaefer was forced out.

He got offered $100m for GBP? When? Where was I... Here you go... linkhttps://www.google.com/amp/embedded#amp=http%253A%252F%252Fwww.bloodyelbow.com%252Fplatform%252Famp%252F2017%252F1%252F13%252F14259380%252Fgolden-boy-haymon-pbc-lawsuit-more-financials-surface-boxing-news&idx=0

He got offered $100m for GBP? When? Where was I...

No because he is already rich made hundreds of millions as a fighter and by all accounts saved his money and has successful investments. A quick Google search says his net worth last year was over 200mil. So what's a 100m buy out to a man who will be wealthy the rest of his life no matter what? There are 2 kinds of owners who get involved in sports. 1. The owner who cares nothing about it and just buys it for the bottom line to invest cheap and then cash out once it's profitable and they get a good sale price. 2. The owner who is already rich and buys in just to be involved in that specific sport. Oscar is that. He's a life long boxer who wants to continue being around the sport and having a influence on the sport so why sell the brand he created that allows him to do that? Oscar doesn't promote because he has to financially he does it because he likes it. Golden Boy Promotions has basically been in existence for 15 years at this point, and Oscar De La Hoya could only be bothered to care about running his shop for just these past two year. Compare that to Floyd Mayweather, whose company has been in existence for about a decade, have been actively running their own shows since 2012, and Floyd has been involved in his company from the moment they were running their own shows. Oscar doesn't promote because he loves it; he promotes because boxing is the only thing he knows or is any good at.

If he had sold out he'd probably have been out of the game for several years via a non-compete clause. When the UFC bought out Pricde the owner had a 7 year non-complete clause before he could start his new MMA outfit, Rizen. I'm sure the current owners of the UFC got non-compete clauses for the Fertitta brothers & Dana White already signed for once they are all officially out of the new UFC. A fair point.

Lol well of course he did. Looking back at it now, it was a disastrous blunder. Paul Gift exposed that GBP = Canelo Promotions. If Canelo decides to leave him, Oscar is heading back to rehab.

You hear from staff? Dude you a Internet troll but you want us to believe you have first hand sources in golden boy offices? Sure buddy. Lmao Oscar's issue are with addiction not with being around boxing. He could have the same issues maybe even more if he wasn't around the sport he loves. Most addicts say having a job, the schedule/daily routine help them more then when they just sitting at home with nothing to do. Its a small industry with not very important people LOL

Well, that is surprising. He could have sold out for $100m and then started all over again from scratch. He would always have the draw of his name behind any promotional company. If GBP is sinking then seems like a really bad business move. You have to take into account, when these men are already filthy rich, it has to be an ego thing for them. All big time promoters are the same. They are obsessed with having their name attached to the top fighters.

If he likes it so much why do I hear from the GBP staff that he's a stress case LOL. You hear from staff? Dude you a Internet troll but you want us to believe you have first hand sources in golden boy offices? Sure buddy. Lmao Oscar's issue are with addiction not with being around boxing. He could have the same issues maybe even more if he wasn't around the sport he loves. Most addicts say having a job, the schedule/daily routine help them more then when they just sitting at home with nothing to do.

No because he is already rich made hundreds of millions as a fighter and by all accounts saved his money and has successful investments. A quick Google search says his net worth last year was over 200mil. So what's a 100m buy out to a man who will be wealthy the rest of his life no matter what? There are 2 kinds of owners who get involved in sports. 1. The owner who cares nothing about it and just buys it for the bottom line to invest cheap and then cash out once it's profitable and they get a good sale price. 2. The owner who is already rich and buys in just to be involved in that specific sport. Oscar is that. He's a life long boxer who wants to continue being around the sport and having a influence on the sport so why sell the brand he created that allows him to do that? Oscar doesn't promote because he has to financially he does it because he likes it. If he likes it so much why do I hear from the GBP staff that he's a stress case LOL.

No because he is already rich made hundreds of millions as a fighter and by all accounts saved his money and has successful investments. A quick Google search says his net worth last year was over 200mil. So what's a 100m buy out to a man who will be wealthy the rest of his life no matter what? There are 2 kinds of owners who get involved in sports. 1. The owner who cares nothing about it and just buys it for the bottom line to invest cheap and then cash out once it's profitable and they get a good sale price. 2. The owner who is already rich and buys in just to be involved in that specific sport. Oscar is that. He's a life long boxer who wants to continue being around the sport and having a influence on the sport so why sell the brand he created that allows him to do that? Oscar doesn't promote because he has to financially he does it because he likes it.