Comments Thread For: 50 Cent Outlines Business Plan, Vision of TMT Promotions

[ADozenArrows]

Your right. De La Hoya already tried to do this. Its called Golden Boy Promotions. And 50 cent is a complete idiot taking shots at Golden Boy and already burning bridges before TMT Promotions even puts on a card. If TMT doesn't have a good working relationship with ALL the other major promoters it will just be more inhouse BS fights.

While I agree with that statement, there are more promoters out there that probably wouldn't mind getting onto such a highly publicized event like this opening TMT card.

[edgarg]

I don't know man. I want to believe in this, but it's not adding up.

The company will be by the fighters for the fighters. It sounds like he's saying the fighters will make all the money leaving the promoters out. But if that's the case, wouldn't we see cherry picking at an all time high if all the money is going to the main fighter?

Then, how would you have 5 main events?

That's 10 main event fighters all expecting to see nothing but big bucks??

Even if all 10 fighters saw the big bucks, then how would 50 keep his business going and make a profit?

It's just not adding up right now.

It adds up just about the same way that Mayweather's "$40 million" purses add up-the answer comes out wrong every time. The Cotto fight is a case in point. If you do the math he's lucky too walk away with $15 mill, which is just about what Cotto was rumoured to have made. If Mayweather got more than that, then Cotto got correspondingly less. The total take was about $112 mill, which included the declared PPV of $94 mill, and the gate+ etc. They estimated the gate by the seats sold, Mayweather's fights rarely sell out, and it's common dodge for promoters, so as to boost the image of a full house, to just pay the few dollars tax on both seats and PPV's on a substantial number of seats etc. thus placing them on record as having been "sold".....

Unless of course, the Golden Balls didn't take their usual around 25% cut and donated every single expense as a charity to poor Mayweather. Not to forget that the IRS would also have to forgo their taxes, as well as the State, Commission and local taxes. I wouldn't have space or time to detail all that promoters have to pay for. Maybe the PPV/cable companies didn't take their standard 50-54% either.......

[Fighting Pride]

If De La Hoya can start up his Golden Boy company, and having seen it become as successful as it has with Oscar not being the brightest person out there, Mayweather can definately do likewise. He certainly has the greed and unwavering love of money to become a big-time promoter for a long-time. Not so convinced about it being a venture to help the fighters, Mayweather loves money first and foremost, and that's what this will be about for him, a new stream of revenue for after he retires. Wish him luck, the more people putting money into boxing, the better it is

[DE100]

It adds up just about the same way that Mayweather's "$40 million" purses add up-the answer comes out wrong every time. The Cotto fight is a case in point. If you do the math he's lucky too walk away with $15 mill, which is just about what Cotto was rumoured to have made. If Mayweather got more than that, then Cotto got correspondingly less..........

Unless of course, the Golden Balls didn't take their usual around 25% cut and donated every single expense as a charity to poor Mayweather. Not to forget that the IRS would also have to forgo their taxes, as well as the State, Commission and local taxes. I wouldn't have space or time to detail all that promoters have to pay for. Maybe the PPV/cable companies didn't take their standard 50-54% either.......

Its been said a million times already Floyd pays Golden Boy a flat fee. Not a percentage of whatever was grossed. Cant even get that right.

[HUGEBOXINGFAN]

TMT Promotions and Golden Boy Promotions will do tons of business together because of Richard Schaefer.

[combatron]

they are bound to fail if they dont change their business plan , are they going to start promoting for free ? i just cant see this happening

[Simply Zyzz]

TMT Promotions and Golden Boy Promotions will do tons of business together because of Richard Schaefer.

this, and al haymon....

GBP and TMT are the future of boxing

[MurkaMan]

I don't know man. I want to believe in this, but it's not adding up.

The company will be by the fighters for the fighters. It sounds like he's saying the fighters will make all the money leaving the promoters out. But if that's the case, wouldn't we see cherry picking at an all time high if all the money is going to the main fighter?

Then, how would you have 5 main events?

That's 10 main event fighters all expecting to see nothing but big bucks??

Even if all 10 fighters saw the big bucks, then how would 50 keep his business going and make a profit?

It's just not adding up right now.

Exactly. Promoting is hard, and 50 does not know how to do it.

[lutenco]

THIS **** HAPPENS BECAUSE GBP AND TOPRANK MAKE PRIMADONNA AND THEIR STUPID FEUD,damn disgusting what kind of people has the chance to break the rules......

[Snake...]

this, and al haymon....

GBP and TMT are the future of boxing

yeah and top rank will crumble right?

fucc outta here