Comments Thread For: 50 Cent's Side on The Mayweather Fallout, Haymon

[Check_hooks]

Both are gonna go broke.

Floyd will become a trainer.

Pacquaio...not sure how long he will be in politics when the fame fades.

Theres no way Pac is going broke

Even if he spend's all of his boxing money, 100's of millions, hes still getting annual income from endorsements. Nike, Hennessy, Hp, etc. And even if he loses all those, hes still a elected official which comes with a lifetime pension.

Bottom line is its highly unlikely that Pac will go broke

Floyd on the other hand is more likely. If he was smart he would have invested a large amount in treasury bonds. Say he invested 10,000,000 in a 30 year bond paying 3% interest, he would get 300k per year for the next 30 years. Thats more than enough money for anybody on earth to live on.

[Dr Rumack]

Theres no way Pac is going broke

Even if he spend's all of his boxing money, 100's of millions, hes still getting annual income from endorsements. Nike, Hennessy, Hp, etc. And even if he loses all those, hes still a elected official which comes with a lifetime pension.

Bottom line is its highly unlikely that Pac will go broke

Floyd on the other hand is more likely. If he was smart he would have invested a large amount in treasury bonds. Say he invested 10,000,000 in a 30 year bond paying 3% interest, he would get 300k per year for the next 30 years. Thats more than enough money for anybody on earth to live on.

Pacquiao's political activities and national hero status might give him some form of safety net, but I can still see him having serious financial problems.

Floyd doesn't have any such status, and will get roundly fucked by the taxman should the opportunity present itself.

[elfag]

Floyd's problem is he doesnt want anyone telling him what to do. Therefore he surrounds himself with "yes men" who laugh at his attempts at humor and feed his ego. Technically Ellerbe is his advisor but he does a TERRIBLE job advising Floyd. As 50 stated, Floyd has nobody managing his money. He just spends it freely and as fast as it comes in. As we all knew (except for the Floydboyz who are in denial), Mayweather Promotions isnt even a real promotional company. It's just a name that Floyd throws around. If Floyd fights solely under GBP then he is a GBP fighter. As a matter of fact if you go to GBP.com, you will see Floyd's name on the list of active GBP fighters. Haymon is Floyd's pimp and Oscar isoyd's daddy!

Actually we didnt all know that until now assuming 50 cent is telling the truth which is probably is. Its completely logical to have his own LLC setup even if nobody fights under it other than himself for tax and liability reasons but apparently he isnt doing that. A lot of lesser fighters have their own promotion company. Winky Wright has had one for a while.

Interestingly, he used 50 cents manager in 2005 to help him set it up.
http://www.sptimes.com/2005/12/08/Sp..._own_pro.shtml

[sdcluser]

doubt Floyd will be a trainer... he'll try to be a promoter but will fail cause he is a ***** business man... if he's lucky he'll become a figure head like dlh

LOL. I highly doubt it. DLH got $$$. Floyd will be broke arse 2 yr after retirement. figurehead for what? being broke?

[sdcluser]

Theres no way Pac is going broke

Even if he spend's all of his boxing money, 100's of millions, hes still getting annual income from endorsements. Nike, Hennessy, Hp, etc. And even if he loses all those, hes still a elected official which comes with a lifetime pension.

Bottom line is its highly unlikely that Pac will go broke

Floyd on the other hand is more likely. If he was smart he would have invested a large amount in treasury bonds. Say he invested 10,000,000 in a 30 year bond paying 3% interest, he would get 300k per year for the next 30 years. Thats more than enough money for anybody on earth to live on.

LMFAO. The dude is having peak earning probably more than when he is politician and he is gettin loan from arum already? R u kidding me? I see him in financial trouble as well. Just cuz u politician doesn't mean u can't go broke.

[sdcluser]

btw, floyd's silence says all. 50 has a lot of trash on floyd than vice versa.

[boxingfeind]

Stopped reading here. Floyd doesn't even have a license to promote.

Mayweather works with GoldenBoy promotions and pay them to handle the logistics. Mayweather promotions is a LLC and does some promotions himself.


Here`s the Proof:

http://www.manta.com/c/mtrsfhf/maywe...promotions-llc

Did`nt 50 say Mayweather promotions don`t exist?

[thuggery]

There's no such thing as Mayweather Promotions.

[sdcluser]

Mayweather works with GoldenBoy promotions and pay them to handle the logistics. Mayweather promotions is a LLC and does some promotions himself.


Here`s the Proof:

http://www.manta.com/c/mtrsfhf/maywe...promotions-llc

Did`nt 50 say Mayweather promotions don`t exist?

Mayweather works for GoldenBoy promotions as a fighter


lol

[GRUSTLER]

50 opens his mouth and it seems like everyone is acting as if god is speaking. This is the same rat that was having an affair with his good friends wife( Chris Lighty). First,the drama was fake and he's still popping off. There's two sides to a story, we only know his side. I read an article that posted 50 and Floyd's worth and Floyd was worth a few million more. Funny,all the pictures he was taking with Mayweather flashing money, it was always Floyd's money

I believe 50 has more money than Floyd for sure. Floyd spends money while 50 makes it. 50 owns or is the main guy in mostly all of his decisions and ventures. Looks like Mayweather is getting got by Haymon and Golden Boy. They do all of his business and leg work. Mayweather doesn't have any big money making ventures outside of boxing like 50 outside of hip hop/rap. In the long run..... 50 will have money in the bank while Floyd maybe not. You can tell out of the two who has the more business sense. Sad that in this day and age heading into 2013, successful black entertainers still don't know how to manage money because of them wanting to show the consumers and fans how well they live by buying things that are not necessary for one person to have.