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by David P. Greisman - In one way, investing in a boxer is like investing in a retirement fund, putting money in on potential, on the promise of a worthwhile payout that will not be seen until much later.
In another way, investing in a boxer is like investing in a business, a premise with a historically high probability of failure, of not being worth it in the long run – but a premise that still lures in the dreamers (and the suckers) with the occasionally phenomenal jackpot.
The overly optimistic would point out that for every Francisco Bojado and Ricardo Williams Jr. who fails to meet expectations, there is a Miguel Cotto and an Oscar De La Hoya who not only meets, but exceeds them.
The overly optimistic would be wrong. There are more cautionary tales than there are success stories.
Not every investment in a boxer will be a winner. That doesn’t keep the investors – in particular, his promoter – from raking in the winnings.
The sporting world is one of revolving doors, future stars appearing, then ascending, and finally reigning before retiring, all as their eventual replacements follow farther back in the cycle. That means that while promoters are looking for more cash cows, they are able to farm them out to networks looking to sell subscribers on the next superstars. [Click Here To Read More]
In another way, investing in a boxer is like investing in a business, a premise with a historically high probability of failure, of not being worth it in the long run – but a premise that still lures in the dreamers (and the suckers) with the occasionally phenomenal jackpot.
The overly optimistic would point out that for every Francisco Bojado and Ricardo Williams Jr. who fails to meet expectations, there is a Miguel Cotto and an Oscar De La Hoya who not only meets, but exceeds them.
The overly optimistic would be wrong. There are more cautionary tales than there are success stories.
Not every investment in a boxer will be a winner. That doesn’t keep the investors – in particular, his promoter – from raking in the winnings.
The sporting world is one of revolving doors, future stars appearing, then ascending, and finally reigning before retiring, all as their eventual replacements follow farther back in the cycle. That means that while promoters are looking for more cash cows, they are able to farm them out to networks looking to sell subscribers on the next superstars. [Click Here To Read More]
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