From Rick Glaser:
Rumors abound that PBC being shopped around for a potential sale, and it's now supposedly down to one potential purchaser. The likely buyer is Ari Emanuel, the Hollywood Mogul that co-owns the WME agency, and Zuffa, better known publicly as UFC. The sale is not a cash out by Al Haymon, it's a forced sale by Waddle-Reed, the company that put up the 550 million for PBC. Being told by several reliable sources that PBC, even since they stopped paying for time buys, has still never turned a profit.
Waddle-Reed I'm told is wore out from Al Haymon's failed projections of forthcoming profitability, and Waddle-Reed is forcing the transaction. To quote the attorney source "A lot of smoke and mirrors with PBC, but nothing fruitful financially" If Ari Emanuel is the buyer, look for Dana White to be the "Frontman" for the boxing venture too, as White is for the UFC.
Other boxing business powerhouses like Bob Arum, Eddie Hearn, and also Oscar De La Hoya are not interested and or prohibited from purchasing PBC as all PBC fights are on Fox Platforms, and Showtime, because of Arum, Hearn, and Oscar's respective exclusivity, Arum with Disney/ESPN, and Hearn in America with DAZN, and Oscar with DAZN.
There are several issues that need to be cleared up, between Haymon and Waddle-Reed, and Waddle-Reed without Haymon may possibly still retain some ownership with Emamuel's group. We'll see how this unfolds over the next several months, and as more information becomes available, you'll have it here.
Al Haymon can easily file for a Chapter 11 of the Title 11 Bankruptcy code in court in order to preserve his business holdings. Don't worry; Al isn't going nowhere. It's nothing more than his haters would love than to run Haymon out of the fight business. They are both envious and jealous of the power and influence he wields because of his race.
“I’m not leaving the UFC. I’m getting into boxing with Ari and the UFC will be doing boxing, too,” White told the Los Angeles Times in November 2017. “It’s still early. We’re still working on it. I’ve got to get my together, but I’m getting into boxing, man. It’s coming.” -Dana White
Interesting...
UFC already have deals with Roy Jones Jr and Lou DiBella for UFC Fight Pass, could explain why Lou has Dialed Back from Promoting as of Late
That would be incredibly stupid of Haymon & I don't think Haymon is close to stupid. That'd be a straight line to a violation of a non-compete agreement.
If Haymon wanted to break an agreement like that the last way he'd wanna do is via known partners who suddenly start acquiring ex-PBC guys. You could add up the monetary damages easy.
Idk that I think Haymon is THAT guy. I don't think he's on that Don King/Bob Arum loophole sh^t. I suspect when Al's name goes on a contract that actually means something. He gots integrity like that I feel like. I'm not one of these cats who think he's violating the MAA either like some cats who are pro-Haymon even suggest he's doing.
Brad Owens running the show wouldn't be a violation of anything. They would have to prove Haymon is still involved. Just because Haymon would sign a non-compete clause doesn't mean anyone that works for him right now can't still be in the business. I mean unless they actually negotiate that and put that in writing.
It just depends if Haymon still plans on being in the game or not. If he doesn't? Then sure he just walks to the shadows and leaves in peace. If he still plans to be in boxing after all of this? He's not leaving quietly.
Probably a lawsuit & some financial penalty I'd assume.
Again this is why I doubt that part is even true & I suspect when/if Haymon Sports get sold it'll be sold to someone who wants & allows him to maintain whatever role he wishes to maintain for as long as he wishes to maintain it. And that wouldn't so much be a demand as a mutually beneficial outcome.
I don't think a lawsuit will prevent someone like Brad Owens running the show. Really there is no merit to suing him just because he works for Haymon right now. I mean he's the husband of Haymon's right hand woman lol.
We're in the same page that Haymon will stick around…. At least for some time even after the sale. You wouldn't be wanting the PBC without Haymon at least in the short term. But if he is out, then there are some loopholes of him continuing shop without officially being "involved."
Again I don't buy the "push Haymon out" story so let me make that clear, but when this sorta thing happens the guy being pushed out typically has to sign a non-complete clause.
These are standard in competitive business. When I had a certain job in the poker world I had to sign a non-compete myself. Richard Schafer had one with GBP when he was outta the game for awhile if you recall. If you go back a lil further & are a MMA fan you might recall when Zuffa/UFC bought Pride & the guy from Pride had to set out for years & only in recent years started Rizen.
So if Haymon were to be forced out he probably wouldn't be able to work in the industry for several years so idk what ex-PBC guys would be loyal to exactly in the immediate aftermath of a sale.
Right, but what is stopping Haymon from having his right hand man Brad Owens to temporarily run ship until he returns? All Owens would have tk do is file for a manager license in certain states and he could have his name as the "manager/advisor" until Haymon returns.
Keep making what up?
How about YOU show me where contracts are signed to the PBC and not Haymon himself.
Then account for the fighters who don't have written contracts with Haymon like GRJ and Mikey.
So if Jessie Vargas has a deal with the PBC, how is he able to fight on DAZN? That makes no sense. How would any of these fighters be allowed to fight elsewhere if the deal is with the PBC and not Haymon?
And who is to say he can't get a deal elsewhere if he brings his fighters with him? Who is to say DAZN won't bring him along if he brings them Wilder/Spence/etc? Stop overthinking this. Glaser is a known fraud with his posts. The sale of the PBC very well may be true and this was rumored in the past. WME has been trying to get in boxing for a while and tried to purchase TR or at least their library not too long ago. So all this is believable. What is not, is taking Haymon completely out of the picture and expecting to take his fighters. The PBC brand is nothing to the fighters. They are fighting on FOX/SHO because that is who Haymon has network deals with.
The check to Chavez JR was Harmon Sports.
PBC is nothing
Harmon Sports owns all the contracts.
Seems like Haymon is an life adviser to his fighters he makes a percentage maybe even small of each person from every financial gain they have, the loyalty comes from him taking care of them business wise, every fighter he has is an account for him it might be a small gain but its a gain and having a bunch of fighters under his umbrella he takes those crumbs and makes a cake from his boxing shows, hes still in the music business like Drake mentions him, i dont know boxers who have spoken bad about Haymon and most reference him as a father figure,
Danny Garcia, Berto, Charlos, Mares, Spence etc...... look like there all financially stable and obviously Floyd the most successful boxer of all time guided by Haymon
These guys may be just signed to Haymons advising company which it seems obvious and not PBC boxing series which means they could purchase the series which it would probably include the TV dates and sponsors, but as far as the fighters they have no contractual obligations with PBC
I remember reading that he treated his fighters great and they come first because of how bad his brother was treated in the boxing business years ago, seems like Haymon is and has been levelling the playing field for these fighters and nobody else likes it, these promoters want to get rich from the beatings another man takes, I get it you invested so you want your pay off maybe you made bad business or you not doing it right
I mean Damn! They are really trying to put Al Haymon out of business. I mean the very jealous, bitter, resentful, hateful, malicious, vindictive and spiteful people.
That's a lot motha****in shits, bro.
Yea idk. I still think there might be some semantics in his response there.
Or maybe this is why GRJ is only fighting once a year. I mean f#ck...you do need SOMEONE on your team lol. Can't not have a promoter & a manager & just be out there making calls your damn self. I mean you can, but again this might be why he's fighting once a year idk.
I'd definitely be surprised if there were many others in similar situations & specifically major PBC aasets not contractually connected to Al cuz at some point Al puts himself at risk of getting f#cked if part of his cut goes to W&R & Wilder or Spence haven't given him his 15% or w/e.
I don't know man, his response was pretty damn clear. He hasn't been officially signed to Haymon for three or so years.
But I mean obviously he still fights for Haymon and they do business together, they just don't have it in writing.
Him not fighting more often is on him. This is a man that after a fight will talk about preserving his body, having hand problems, etc. He can't have it two ways here.
I mean big part of Haymon's aura is the loyalty his fighters have to him. Maybe he's been fine with no written agreement with some fighters knowing they will still be with him. But it is clear that Mikey isn't the only one with this type of arrangement. How many of them are there? Who knows, but GRJ is another. And you better believe if he was going to be pushed out, he would have a whole a lot more of his fighters have this type of arrangement where they would no longer have a written contract with him.
Btw, I don't know if you saw, but I put the live gate information for Mikey's fight with Easter Jr. Have a few other commission reports I just got and will be updating that thread.
Nice Russell interview. He says he's a free agent and can sign with anyone. Not tied to any network or promoter.
I watched the whole thing. Looks like Russell means business this time. Says Santa Cruz should grow some cajones! He wants to fight everyone at 130, including Berchelt and Davis.
Thanks for the video.
If he can't get the LSC fight and the Farmer fight doesn't happen later this year for Davis? Then GRJ vs Davis needs to happen.
actually you are very naive. They are mostly fighting on pbc for the money and not HIM. If Haymon didn’t guarantee wilder almost 20 mil for Breazeale he would be a DAZN fighter right now. That’s a fact. They are only loyal so far. Money is first.
And with the tv deals WME would be in position to keep most of these fighters.
DAZN and TR don’t have the resources to get them all anyways. That’s a lot of money and pbc would still have the tv deals to keep paying these purses.
You think of Haymon was gone Spence automatically jumps to DAZN or espn lol ? A few would but most would stay.
DAZN money wise was offering more if not at least on par with Haymon is paying his guys. Of course Haymon would have to be in the ballpark or else the fighters would leave.
So fast forward and now Haymon is gone, why would those fighters stay with WME and not leave elsewhere if they get offered more money or their current guarantee is matched? Jermall Charlo who should already jump on the DAZN offer is staying if Haymon bounces? HELL no.
If Haymon is forced out and he tells them to leave, you think they will stay? You better believe a lot of them will be gone. He's not just going to sit on the sidelines forever, he will be wanting to get back in the game.
WME buying the PBC and not having Haymon involved still is laughable. They aren't going to do all that. They will be buying the entire package. You ran with something EVERYONE is saying is BS from Glaser's post yet keep arguing it. Makes no sense at all.
It’s a great example. haymon sports runs pbc because it’s the same umbrella. No difference
LOL what? Just listen to what you said. Haymon Sports RUNS the PBC operations.
MTK Global does NOT run TR.
TR does NOT run MTK Global.
So how is it a great example? Why would MTK Global list TR as their contact when TR doesn't run MTK Global?
I mean Damn! They are really trying to put Al Haymon out of business. I mean the very jealous, bitter, resentful, hateful, malicious, vindictive and spiteful people.
I'm on the side of folks who say a sale doesn't really affect Haymon's contract with the fighters.
We have clues to that as recently as the J-Rock vs Hurd fight.
Williams, when thanking Al Haymon, mentioned the fact that it wasn't about the money that motivated him because thanks to Haymon he already had "a million in real estate".
Al Haymon is a personal adviser to these fighters and his role goes beyond just boxing. It seems it includes financial planning as well as other services.
That just isn't going to be affected by a sale of the PBC, if indeed one is imminent or completed.
I get the feeling the folks at Waddell-Reed may be getting out, but Al isn't going anywhere.
GRJ mentioned himself in an interview last week during Hurd/Williams fight week.
Sorry I can't tell you at minute mark he said it, but it's there lol.
Nice Russell interview. He says he's a free agent and can sign with anyone. Not tied to any network or promoter.
I watched the whole thing. Looks like Russell means business this time. Says Santa Cruz should grow some cajones! He wants to fight everyone at 130, including Berchelt and Davis.
Thanks for the video.
Not true exactly what? And a lot of these PBC guys are free to sign elsewhere. You are naive if you think if Haymon is forced out that his fighters just stay. Again, they are fighting on PBC because of HIM, not because of any network.actually you are very naive. They are mostly fighting on pbc for the money and not HIM. If Haymon didn’t guarantee wilder almost 20 mil for Breazeale he would be a DAZN fighter right now. That’s a fact. They are only loyal so far. Money is first.
And with the tv deals WME would be in position to keep most of these fighters.
DAZN and TR don’t have the resources to get them all anyways. That’s a lot of money and pbc would still have the tv deals to keep paying these purses.
You think of Haymon was gone Spence automatically jumps to DAZN or espn lol ? A few would but most would stay.
No, your example made no sense at all. Haymon Sports RUNS PBC...Let me repeat it for you, Haymon Sports RUNS PBC....MTK doesn't run TR and TR doesn't run MTK. So why the hell would MTK put their contact information as TR? Just leave it, that was a terrible example.
It’s a great example. haymon sports runs pbc because it’s the same umbrella. No difference
Thanks.
Its right in the beginning. Or he talks about his situation in the beginning is there more to it?
If there isn't more to it than he's just saying he's a promotional free agent. Spence is too. Wilder is too. Most Haymon managed guys are promotional free agents. They still have a contract with Haymon.
I don't buy Haymon isn't doing contracts with his guys with all this money he's gotten already. If I'm W&R I'm not giving Al all the money they allegedly have or even 1% of that money on a handshake he has with fighters. F#ck that wouldn't be a investment that'd be some loan sh^t at that point.
Found it. Here you go:
"I'm not signed with Al Haymon. I haven't been signed for the last three years now."