Comments Thread For: Oscar De La Hoya confirms $10m sale of The Ring to Turki Alalshikh

[hitmanjosh]

Oscar probably still getting high, and the money is good for a season.

[Butt stuff]

Wow did Alashik low-ball DLH or what? After being around for like 100 years, print or not, the property should have been worth way more than 10 mil. That being said, I can’t imagine GB being capable of doing anything worthwhile with it. Not that I was paying any attention BTW.

Idk man, does the ring turn over much of a profit? I’d be interested to see, and if it’s increasing/decreasing.

[MalevolentBite]

Now I get it. Now they will just make people fight for the "Ring Belt". This is one way to get away from the wbo, wbc, ibf and wba.

[57Blues]

I suspect that Turki got such a sweet deal for The Ring in exchange for some promotional understandings with Golden Boy that will remain private. Turki will give Golden Boy's stable of fighters preferential treatment and in return the Kingdom of Saudi Arabia will have wormed its way into another media outlet for lots more sportswashing for the numbnut West to consume.

You nailed that one it is not the 10 M that is the prize for Oscar it is what you dont know about the deal that matters to him.

[MalevolentBite]

Have to admit this is pretty cool for years the Ring belts almost nullified the alphabet belts so will be keen to see how this plays out

You get it. Now that they own the ring. They will just have their own Ring Champions, belts and rankings. It will be the best fighting for the Saudis and the lesser fighters fighting for the other belts. It will be UFC and Bellator/PML ( whatever it's called). For 10 million they got the best physically ( lineal isn't physical) and historical belt.

[Oldskoolg]

I suspect that Turki got such a sweet deal for The Ring in exchange for some promotional understandings with Golden Boy that will remain private. Turki will give Golden Boy's stable of fighters preferential treatment and in return the Kingdom of Saudi Arabia will have wormed its way into another media outlet for lots more sportswashing for the numbnut West to consume.

Yeah think it’s a good move for “his excellency”…golden boy solidifies is relationship with him and dlh makes $3m in profit for a company that was not even in print. GB gets its fighters on Riyadh season cards, which makes them more attractive to dazn. I think it’s a good business move for everyone involved.

[Tatabanya]

Wondering if Turki will hire back the non-ass kissing writers sacked by De La Hoya at the time, such as Nigel Collins.

[A.B Counterhooks]

Well, now we know, sadly, that The Ring cannot be relied upon for truly independent rankings.

And too bad for ODLH for such a poor ROI after almost 18 years of ownership.
Yeesh.
He would easily have more than doubled his 7 mil in an index fund.

That one poor return on investment alrite I agree ,he could've put half of those 7m in BTC alone and the gains would have been quite substantial with todays price. But hey maybe Oscar really needs the money, coca is one expensive helluva drrug Lol.

Probably theres another promotional part of the deal we dont know like you suggested. Damn Turki and the saudis investing heavily in boxing thats for sure.

[Nightfall]

Gotta give his oh lady a breast plant tune up

[VislorTurlough]

Good luck. Didn’t Justin Timberlake or someone buy my space like 10-12 years ago?