The crowd is gathering looking for the money.
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I agree they needed this fight to take the next step. But they damn sure didn't need to do it without guaranteed money.
I don't think a guarantee would be a problem, the amount of the guarantee would be, especially how TC prices himself, he made it so nothing reasonable is acceptable to him, he could have invented the 25 mill phantom hedge fund to try and force PBC to match it and it didn't work.
I just think TC should do the boxing and employ people he trusts to do the business side for him, TC is not very smart with business and appears to be greedy based on rrior dealings from all reports, even Porter said how stubborn he is to deal with.
So you don't understand how splits, or business in general works. Gotcha.
I understand that all ppv fights have guaranteed purses.
Bud vs spence isnt some anomaly that should be different than any ppv that came before it
You answered the point, its not near as risky to guarantee say 3mill like it is to guarantee 20 ml on fighters that are not household names, TC and Spence are in that limbo to stardom stage they both needed this fight to propel the winner into that Canelo like status, when the top guys throw down that backend split percentage can be way bigger than a promoter guarantee which will low ball because its guaranteed.
I think Bud fckd up here on the finance side of things.
I agree they needed this fight to take the next step. But they damn sure didn't need to do it without guaranteed money.
Both guys are bigger than plant and broner who got guaranteed money. So find another excuse
You answered the point, its not near as risky to guarantee say 3mill like it is to guarantee 20 ml on fighters that are not household names, TC and Spence are in that limbo to stardom stage they both needed this fight to propel the winner into that Canelo like status, when the top guys throw down that backend split percentage can be way bigger than a promoter guarantee which will low ball because its guaranteed.
I think Bud fckd up here on the finance side of things.
Both guys are bigger than plant and broner who got guaranteed money. So find another excuse
So you don't understand how splits, or business in general works. Gotcha.
Wow, the amount of bits of vital information you have chosen to leave out is astounding, actually no its not its what you usually do..
Bud said he didn't ask Arum for transparency because he always got a guarantee, not to mention he was always over paid.
He talks about informing the other side about the hedge fund but they had no interest, not interest in where it was coming from.
https://www.insider.com/spence-crawford-how-boxings-biggest-fight-collapsed-at-final-hour-2022-11
He was going to get transparency” throughout, a source told Insider, adding that Crawford made an “unusual” request to also oversee the marketing expenditure for the show.
A boxer usually does not get involved on this side, as their focus is to train and to fight, rather than to sign off on, say, $200,000 worth of expenses that could include things like press tours, free airline tickets for fighter teams, and so on.
According to a source with knowledge of the negotiation, PBC nevertheless agreed and sent Crawford an updated contract after granting his final requests.
However, Crawford never responded.
Instead, he announced an alternative deal with a niche platform called BLK Prime, and said he would be fighting David Avenesyan in December.
No, you cut it out. Neither of these guys are Canelo or Pacquiao.
Both guys are bigger than plant and broner who got guaranteed money. So find another excuse
You're aware Spence didn't have a guarantee either, right?
Ever heard of working on commission?
They were guaranteed a percentage of overall revenues. You act like there was a chance they'd get nothing. It's ridiculous.
Pardon my ignorance if I'm wrong on this, but didn't Crawford ask for 100% transparency (in lieu of the guarantee) so he would know exactly what the overall revenue was?
The issue is one of trust. Crawford didn't trust PBC would be forthright with their revenue numbers after the fact. He wasn't going to accept whatever number they gave him.
I'm not blaming either Spence or Crawford for this not happening. Spence has worked with PBC and seems comfortable with his arrangement with the promotional company. Crawford has not worked with them previously and I wouldn't expect him to accept their numbers at face value.
Only pbc guys are stupid enough to do a ppv without a guarantee. Nobody else is working on commission.
Like I said. Haymon happily gave canelo 40 guaranteed. Before ppv. And plant 10 million guaranteed before ppv. And Pacquiao 20 million guaranteed before ppv. But errol and bud gotta wait?
Nah that's not how it works.
Even Broner got 4 million guaranteed before ppv to fight Pacquiao and that fight only did 400k buys. So cut it out. PPV fights come with guaranteed purses before a ppv is sold
No, you cut it out. Neither of these guys are Canelo or Pacquiao.
You're aware Spence didn't have a guarantee either, right?
Ever heard of working on commission?
They were guaranteed a percentage of overall revenues. You act like there was a chance they'd get nothing. It's ridiculous.
Only pbc guys are stupid enough to do a ppv without a guarantee. Nobody else is working on commission.
Like I said. Haymon happily gave canelo 40 guaranteed. Before ppv. And plant 10 million guaranteed before ppv. And Pacquiao 20 million guaranteed before ppv. But errol and bud gotta wait?
Nah that's not how it works.
Even Broner got 4 million guaranteed before ppv to fight Pacquiao and that fight only did 400k buys. So cut it out. PPV fights come with guaranteed purses before a ppv is sold
You need to stop fanboying and call a spade a spade.
No guarantee isnt how business is done
You're aware Spence didn't have a guarantee either, right?
Ever heard of working on commission?
They were guaranteed a percentage of overall revenues. You act like there was a chance they'd get nothing. It's ridiculous.
Bored of this shit. I didn't believe the fight was getting made in the first place so paid no attention to the media negotiations but all this back and forth about a fight that's not happening isn't worth it. Forget the idea of these two fighting until it's official (which may never happen because regardless of what's said, neither have genuinely seemed keen on facing each other).
Reading comprehension isn't a strength of yours, I see.
Carry on.
You need to stop fanboying and call a spade a spade.
No guarantee isnt how business is done
Floyd was nobody in 2005/2006. That's the reason for the 300k ppv buys. And Floyd got 8 million for baldomir. Not 1.5 million. Gtfoh. Ain't no big picture. Haymon can't f$ck over guys he don't manage.
and show me where errol made a guarantee of 5 million. Because here is proof that it was 1.5 buddy. That's before ppv
https://www.sportingnews.com/us/boxing/news/errol-spence-jr-yordenis-ugas-purse-how-much-money-will-they-make/ykkcpfpvmirgzonihkidcfkb
https://dknation.draftkings.com/2022/4/16/23025728/errol-spence-jr-vs-yordenis-ugas-purse-money-how-much-are-they-getting-paid-salaries-ppv-percentage
Reading comprehension isn't a strength of yours, I see.
Carry on.
The crowd is gathering looking for the money.
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I don't even think Crawford is ducking in particular but still kudos for giving me a chuckle. That was pretty damn good.:lol1:
You're suggesting that Bud or Errol are Floyd Mayweather? Do you see the flaw in your logic? And Floyd's purse was 5 million for Zab and $3.2 mil for Gatti.
Btw, Errol made $5 mill + for Ugas. So caught up in the guarantee, you can't see the bigger picture.
Floyd was nobody in 2005/2006. That's the reason for the 300k ppv buys. And Floyd got 8 million for baldomir. Not 1.5 million. Gtfoh. Ain't no big picture. Haymon can't f$ck over guys he don't manage.
and show me where errol made a guarantee of 5 million. Because here is proof that it was 1.5 buddy. That's before ppv
https://www.sportingnews.com/us/boxing/news/errol-spence-jr-yordenis-ugas-purse-how-much-money-will-they-make/ykkcpfpvmirgzonihkidcfkb
https://dknation.draftkings.com/2022/4/16/23025728/errol-spence-jr-vs-yordenis-ugas-purse-money-how-much-are-they-getting-paid-salaries-ppv-percentage
I get Bud wants the guaranteed money but if both of them agree to take the $50 million and the fight makes $200 million, they get none of the $150 million
Floyd was getting 8 million guaranteed in 2005/2006 when he was doing 300k ppv buys against the gatti, Zab, baldomir.
1.5 million guarantee for a unification ppv is disgusting
You're suggesting that Bud or Errol are Floyd Mayweather? Do you see the flaw in your logic? And Floyd's purse was 5 million for Zab and $3.2 mil for Gatti.
Btw, Errol made $5 mill + for Ugas. So caught up in the guarantee, you can't see the bigger picture.
3y ago
Hedge Fund source uncovered | BoxingScene Community