-
-
SERVE COTTO RIGHT?!!?!! TEAM PAC is the one making these ****** demands! Cotto is the CHAMP! It's his belt that he won at [B]147[B] you ****** *******! So far everything TEAM Pac has wanted has happened and now the one thing Cotto says no to makes him the *****? He wants the belt then fight at 147. That's fair, since Cotto is already getting screwed on everything else. Catch-weight is bull****. Jesus Christ you are ******.Comment
-
http://www.elnuevodia.com/$25millone...ir-596219.html
By Maldonado Antolín Rivers / arios@elnuevodia.com
Calculator does not use nor interfere in the accounts of their business, because the numbers do not fight with your order, but to increase the force of blows and a wise administration.
Thus, after eight years of career in the boxing world champion Miguel Cotto has a sum which, according to property economist Joseph Alameda is estimated at $ 25 million, while their companies generate more than 60 direct jobs and up to 125 indirect certain seasons.
The image of the Puerto Rican boxer has transcended boxing to become a figure and sell around an entrepreneur who now owns multiple properties. This is not counting the au****es that attracts contracts that can generate up to six figures, or $ 3 million a fight that has earned an estimated in recent years. An amount that may have been up twice in their confrontation against the American Shane Mosley and Antonio Margarito of Mexico.
"We set the 'range' due to the exposure and popularity that has Miguel. All these factors help to have a value in the market. That positions it to come when the signatures, he can set the costs of entry. The popularity is what helps, "said Bryan Perez, executive director of another company in the boxer, Promociones Miguel Cotto, was responsible for assembling boards boxing.
Apparently, neither the setback against Margarito has lowered its value since November 14 with the Filipino star Manny Pacquiao in a fight that has guaranteed a minimum $ 10 million. A month before launch with the signing of his new clothing line Ecko "Fearless", which include casual and sports shirts with the distinctive brand name of the monarch of just 28 years.
"We are clear on what we want and are happy to work with the investments we have made. We know that when the withdrawal will be final and not going to have to do anything else but ourselves to the business we have acquired over the years, "said Cotto, who insists on speaking in the plural, especially in cases business that depends on Miguel Cotto, the father and the rest of the team.
"I've done very little related to business. They are responsible for everything and thanks to them I do not have many responsibilities with respect to that subject. Always have people you trust and who are willing to work for the company to enrich themselves. "
Cotto, who said that the extension of contract with the company that made Top Rank promoter marked his last two years in boxing, is aware of the complexity of their business, why it prefers to delegate.
SAVE AND DIRECTOR
His care, counseling and especially his father, has been responsible for running a money-making machines for which it has implemented its university in business administration with a concentration in accounting. This, and his experience of 25 years in the Armed Forces, gave the training and discipline necessary to put the fate of his son, whose businesses also employ his two older brothers, Juan Miguel and Jose Miguel.
"He has delegated his father manage all their business, and has been a lot of wisdom. Here are the results. The figure where everything is ramifies Miguel, "he said on his part, Gabriel Peñagarícano licensed, legal counsel and agent of Cotto.
"It was very well planned," stressed by their side Miguel, father. "I say as a parent. Has been concerned to ensure that Miguel has access to money or liquid, but knows he has some property and they have to work to generate. It's a question that is not easy to spend money, "he said, aware that youth and inexperience of JUnit can tempt him, and whoever was in position to squander a fortune.
Don Miguel knows that you need confidence, and that is what has earned from his son. "He knows that I do is for the benefit of it and I have confidence in him. That has given me a little hide the money. It is protected as a boxer, and when withdrawn, may have to live the rest of their lives without having to work hard. "
For this father and son have had the guidance of financial advisors. The fighter that is entrusted to take charge of your company at any given time.
"Here is the chemistry with Michael superbuena. He is aware of your business and will prepare a monthly report of its business. We checked the options, and good investment if the doing, "said business manager, Hector Soto, who is also a partner in promoting boxing Cotto local line in which up to 125 people indirectly employed in a billboard, including fighters, security personnel, ushers and in charge of the assembly.
The factor COTTO
According to economist Alameda, which figures as complete Cotto winning as much money out of your field, in this case boxing, has a purpose. And the profit they generate above normal allowed to invest.
"These are people who have a talent, use what they know and become virtually an economy themselves. Become an economic player, "said the professor also Recinto Universitario de Mayagüez.
"An agent that produces a large surplus. And by becoming the machine, for his talent, which generates revenues in excess of normal, it begins to require the effective use of that cash flow, "he said. This is where investments are playing an important role.
But this capacity, he explained Alameda, provided the exposure afforded by the sport itself. The exhibit, according to the economist, is the have-nots, for example, scientists or doctors, that regardless of their contributions to society, "because they have no image on TV do not go every day."
"The au****es were like Nike because these companies knew there was a 'boom' when buying Jordan (Michael, the former basketball star in the NBA) showed his trademark. That talent that generates excess revenue adds extraordinary value to the other companies that are not associated with the sport does not have, "he added.
In Cotto, we're not talking about a Michael Jordan, but we are talking about a person within the framework of boxing is extraordinary. "
I think he doing aight...Comment
Tweet
Comment