The rumored Gbp split! You're opinions

[Hougigo]

Even Kim going in

http://www.maxboxing.com/news/max-bo.../a-golden-rift

[Weebler I]

Rick Glaser, the guy who I think originally broke the hoya/schaefe rumor, is claiming GBP has never turned a profit, and that's the main problem.

@alex_z28 Alex, incorrect, the investors see all these fights,& yearly GBP has never turned a profit, ever! That is the root of the problem.

— Rick Glaser (@RickGlaser1) March 14, 2014

This wouldn't be so surprising. I remember reading an article after Floyd-Canelo where Schaefer was inferring GBP may not make money on the fight until years down the line.

Surmising and reading between the lines it could be that Schaefer may have a long-term strategy for GBP while Oscar is alarmed at the lack of profit (or even loss) in the short-term.

Looks like Arum is right. They overpaid the fighters. GBP is in deep red ink. Personally I think Oscar is broke and will be fighting soon......

lol Oscar v Canelo coming to a screen near you.

[A-Wolf]

Shaefer has become an overbearing loudmouth over the last couple of years. Energetically that isn't what you want to be, regardless of position or vocation. Life has a way of dealing with that. Curious to see how this situation develops.

[al-Xander]

This wouldn't be so surprising. I remember reading an article after Floyd-Canelo where Schaefer was inferring GBP may not make money on the fight until years down the line.

Surmising and reading between the lines it could be that Schaefer may have a long-term strategy for GBP while Oscar is alarmed at the lack of profit (or even loss) in the short-term.

No. Schaefer can only focus on short term basis, which is survival. GBP is broke. They need something big like Canelo vs Cotto. They don't make any profit in Mayweather fights. Schaefer only show up as a prop and represent the mysterious Haymon.

[Kagami Taiga]

No. Schaefer can only focus on short term basis, which is survival. GBP is broke. They need something big like Canelo vs Cotto. They don't make any profit in Mayweather fights. Schaefer only show up as a prop and represent the mysterious Haymon.

Smh where do u get this idea GBP is broke from?

[AddiX]

Smh where do u get this idea GBP is broke from?

I don't think there broke but I don't think they have cash either.

What they have is fighter contracts, show dates, future ppv potential, deals with venues.

But cash, I doubt they have much of that. People really don't realize the ridiculous costs that goes into being a promoter.

They also took a lot of loses early on, and still do, and IMO haymon probably sounded like a great person to link up with, but the relationship benefits haymon and his fighters more than golden boy.

[BrokenHat]

Oscar has been in and out of recovery, and before then was lit most of the time.

People have been running GB for Oscar for a while, and now they see their chance to keep running GB without having to hand over most of the cut to Oscar.

My theory is that Haymon and Schaerfer wanted new terms with Oscar, terms that would favor them far more. Haymon is advisor to enough fighters to probably form the best promotional company, especially if Haymon keeps his stellar reputation as not cheating his fighters and only signing the cream.

[Weebler I]

I don't think there broke but I don't think they have cash either.

What they have is fighter contracts, show dates, future ppv potential, deals with venues.

But cash, I doubt they have much of that. People really don't realize the ridiculous costs that goes into being a promoter.

They also took a lot of loses early on, and still do, and IMO haymon probably sounded like a great person to link up with, but the relationship benefits haymon and his fighters more than golden boy.

What's interesting (and confusing) is Glaser's tweet says GBP have never turned a profit "ever".

@RickGlaser1
The investors see all these fights,& yearly GBP has never turned a profit, ever! That is the root of the problem.

[AddiX]

What's interesting (and confusing) is Glaser's tweet says GBP have never turned a profit "ever".

@RickGlaser1
The investors see all these fights,& yearly GBP has never turned a profit, ever! That is the root of the problem.

That wouldnt be surprising.

Take a guy like Amir Kahn for example. He had insane star potential being an Olympian, from England, and ******, and an exciting style. Golden boy paid a lot for him. He got a fat bonus along with a million $ guarantee per fight.

They paid for potential. So whatever, if anything, golden boy made on him per fight, that was money they already spent. Technically wouldn't be considered profit. And considering he didn't reach that potential, it's probably an all around loss.

This business is a constant fight trying to set yourself up to make $ in the future.

Canelo will probably be the first big $ fighter that has worked out for GBP. Think about that, after all these years, they really havnt had any fighters or big time ppv guys. And certainly no young fighters.

[mrpizza-nd_beer]

I wonder what or who's causing GBP zero profits?