They very quickly learned that it takes more than a big pot of cash and a celebrity name to be a boxing promoter. Fact is they came in splashing the cash and got burned badly, Cotto and Ward both lost Roc Nation a lot of money. They did a poor job promoting and building Ward/Kovalev too, that should of been a big fight doing decent PPV numbers but they jumped the gun and didn't build the fight like they should have and a more experienced promoter would have.
That $50M contract for Cotto probably put them in the red. The only lucrative match on that contract was the Canelo fight. Ward's fights tanked in terms of PPV/revenue as well. This is a company that four years ago offered Broner a $40M contract. Clueless.
With Ward retiring and Rigondeaux getting beat, RNS is currently without a TV fighter.
Maurice Hooker has the next chance (if he performs well enough in the tournament, or even wins, there's no doubt in my mind that Showtime would be interested in Hooker for ShoBox), but all it takes is one fighter to break through.
Until then, RNS farms out there fighters to wherever they can get them fights.
they were already out of business before rigo got beat. They are either releasing fighters now or the ones that have some value they are farming out as b sides or giving their prospects their contracted minimums to build them to a spot to be a B side on another fighters card like they just did with the Young God.
They are done with boxing. They are just trying to cut their losses. They wiped out almost their whole staff. After losing so much money with Ward they were happy to see him go
Floating just above water
With Ward retiring and Rigondeaux getting beat, RNS is currently without a TV fighter.
Maurice Hooker has the next chance (if he performs well enough in the tournament, or even wins, there's no doubt in my mind that Showtime would be interested in Hooker for ShoBox), but all it takes is one fighter to break through.
Until then, RNS farms out there fighters to wherever they can get them fights.
7y ago
Whatever Happened to Rocnation Boxing? | BoxingScene Community