LA Times Article - GBP Looks to Be Heading For a Split

[The Big Dunn]

I will acknowledge that 2013 was a great year for boxing, but 2014 has been less than stellar and the trend is heading downward. Sure, we have several good fights coming up...but the biggest are all PPV, just like it used to be around 2004-2010.

Showtime/Schaefer/Haymon made 2013 be fantastic for a couple reasons; they invested big time in Mayweather and needed to try to attract many more subscribers and get big PPV numbers. As such, we got several great cards on Showtime and the stacked Mayweather-Canelo card.

Now they are struggling to put big cards on Showtime and the PPV undercards are not going to be as strong. They built up some good will last year but this year it is tapering fast.

As for Stevenson, the reason HBO didn't buy the Fonfara fight is because there was still no guarantee that Kovalev would be next. They still bid on the fight, it's just that Haymon got Showtime to outbid HBO for it. I don't think anyone can blame HBO for that, nor can that look back in retrospect and say, "That was a very good fight!" because no one thought Fonfara was going to be that competitive.

HBO should never have allowed both to fight "tune ups". They should have just made the fight and signed them both long before it came to this. IMO the mistake was oking kov/agnew and stevenson/fonfora when they 1st knew stveson didn't want the fight right now. They should've said next or nothing,

Yes, 2014 hasn't been great, Is that all on Al? His fighters-floyd, danny, adonis havebeen in good fights. Matts v (name escapes me) is the leading FOTY candidate. Granted those were not the natchups we as fans wanted. Canelo v lara is coming.

Showtime isn't struggling to make cards. The guys that were heavy favorites didn't win as easy as planned. That likely has required some rebooting. Hopefully it leads to better fights.

[al-Xander]

I will acknowledge that 2013 was a great year for boxing, but 2014 has been less than stellar and the trend is heading downward. Sure, we have several good fights coming up...but the biggest are all PPV, just like it used to be around 2004-2010.

Showtime/Schaefer/Haymon made 2013 be fantastic for a couple reasons; they invested big time in Mayweather and needed to try to attract many more subscribers and get big PPV numbers. As such, we got several great cards on Showtime and the stacked Mayweather-Canelo card.

Let's make things clear here. PPVs are not made to attract subscribers. They are made to attract PPV buyers. If you're a SHO subscriber, you won't see any of these fights on subscription. You'll still have to pay for them. The investment failed. You can count the number of non PPV fights they have produced with your five fingers since the Mayweather hype.

[joesaiditstrue]

They stay with him then make the decision to go with Haymon or stay with GBP.

Haymon is a manager, if any of his fighters are under contract with GBP and this split happens, the fighters don't do anything. Haymon still advises and speaks for them and Oscar promotes them

They don't just "go with Haymon or stay with GBP", they're under contract ffs

[arraamis]

da **** you mean with long-term liquidity? do you know what liquidity is? why would you look long-term if your purpose is liquidity?

I can see you're not that bright, so I'll just make a quick reply to avoid a one-sided attempt at debate.

Reference: (investopedia)
Solvency and liquidity are both terms that refer to an enterprise***8217;s state of financial health, but with some notable differences. Solvency refers to an enterprise's capacity to meet its long-term financial commitments. Liquidity refers to an enterprise***8217;s ability to pay short-term obligations; the term also refers to its capability to sell assets quickly to raise cash. A solvent company is one that owns more than it owes; in other words, it has a positive net worth and a manageable debt load. On the other hand, a company with adequate liquidity may have enough cash available to pay its bills, but it may be heading for financial disaster down the road.

Solvency and liquidity are equally important, and healthy companies are both solvent and possess adequate liquidity. A number of financial ratios are used to measure a company***8217;s liquidity and solvency.

******


My statement: Might I suggest that current profitability is not the only metric that matter to investors. Long-term liquidity and consistency sometimes trump current profit margins.

Taking my reply back to its origin and keeping it in context, no investor would view GBP as a viable investment without the company having both Solvency and liquidity. GBP is in the business of promoting fighters - Presently their stable of fighters who are actually contracted with GBP is small. Essentially, GBP assets are diminishing or in the past-tense diminished.

Al Haymon has control of those assets, not GBP.

How much long-term success will a promotional company have with only a few fighters.

[Mitchell Kane]

Mitchell-since Haymon was banned from HBO you as a fan have had more boxing programming available to you in a year since the networks stopped showing boxing. This resulted in 2013 being the best year in boxing (according to dozens of writers/media) in almost 35 years. How is that BAD?

SO the lawsuit means he's guilty? Can't we wait until the court determines this.

Haymon got his power and influence the same way Bob did-by leveraging his biggest asset. You can't suddenly get mad about this tactic now.

WHile I think Brandish makes a reasonable point, I'm not saying you are one of these posters. But when you blame Haymon for HBO's poor decision making you make that hard.

Look at the stevenson stuff, alot of people just blamed haymon. Then when rick reeno posted the truth, we saw that it was HBO management's indecisiveness and poor planning that caused the problem.

We can agree that everything al has done has not been great for the sport but that is the same for Arum, King, etc.

Nothing wrong with Schaefer and Haymon using leverage as a business tactic...and there's nothing wrong with HBO turning the tables on them and cutting them off.

I'm glad to see them both off HBO.

Haymon with his close relationship with Greenburg and Davis...and Schaefer and GBP with their multi-year deal with HBO.

[Holywarrior]

Nothing wrong with Schaefer and Haymon using leverage as a business tactic...and there's nothing wrong with HBO turning the tables on them and cutting them off.

I'm glad to see them both off HBO.

Haymon with his close relationship with Greenburg and Davis...and Schaefer and GBP with their multi-year deal with HBO.

I feel Schaefer is up **** cryk with no paddle here

[arraamis]

I feel Schaefer is up **** cryk with no paddle here

By ODLH exposing his hand so soon and publicly, he may have given his new opponents enough time to brainstorm a response. Schaefer isn't a dumb-azz by a long shot and he had to know this current rift with ODLH was an eventuality, once ODLH sobered up.

Also, while many on NSB have already formulated their idea's and condemnations -- I'm optimistically hoping that this activity will increase the competitiveness among promotional companies. Forcing them to showcase better cards in order to stay competitive with their rivals.(no more rinse & repeat fights)

So, this split\break-up (whatever) may be a good thing in disguise.

[brick wall]

I can see you're not that bright, so I'll just make a quick reply to avoid a one-sided attempt at debate.

Reference: (investopedia)
Solvency and liquidity are both terms that refer to an enterprise***8217;s state of financial health, but with some notable differences. Solvency refers to an enterprise's capacity to meet its long-term financial commitments. Liquidity refers to an enterprise***8217;s ability to pay short-term obligations; the term also refers to its capability to sell assets quickly to raise cash. A solvent company is one that owns more than it owes; in other words, it has a positive net worth and a manageable debt load. On the other hand, a company with adequate liquidity may have enough cash available to pay its bills, but it may be heading for financial disaster down the road.

Solvency and liquidity are equally important, and healthy companies are both solvent and possess adequate liquidity. A number of financial ratios are used to measure a company***8217;s liquidity and solvency.

******


My statement: Might I suggest that current profitability is not the only metric that matter to investors. Long-term liquidity and consistency sometimes trump current profit margins.

Taking my reply back to its origin and keeping it in context, no investor would view GBP as a viable investment without the company having both Solvency and liquidity. GBP is in the business of promoting fighters - Presently their stable of fighters who are actually contracted with GBP is small. Essentially, GBP assets are diminishing or in the past-tense diminished.

Al Haymon has control of those assets, not GBP.

How much long-term success will a promotional company have with only a few fighters.

lol what a copy-paste moron you are

there's no such thing as long-term liquidity...that's an oxymoron. the purpose of liquidity is always short-term.

it's even included in that quote you posted but looks like you're too ****** to comprehend...here let me post it again.

Liquidity refers to an enterprise's ability to pay short-term obligations; the term also refers to its capability to sell assets quickly to raise cash.


and why the hell are you bringing up solvency now? you think solvency and liquidity are the same?

[arraamis]

lol what a copy-paste moron you are

there's no such thing as long-term liquidity...that's an oxymoron. the purpose of liquidity is always short-term.

it's even included in that quote you posted but looks like you're too ****** to comprehend...here let me post it again.

Liquidity refers to an enterprise's ability to pay short-term obligations; the term also refers to its capability to sell assets quickly to raise cash.


and why the hell are you bringing up solvency now? you think solvency and liquidity are the same?

I give you links and you somehow remain ****** ... I guess you're just destined to be a or probably don't have a choice.

So, what have we learned from your response

Not only can you not read and or comprehend simple explanations, you also wallow and celebrate your ignorance by posting a rebuttal that goes against expert investors who document their profession.

Let me break it down for your ****** azz, and you can read-up ... or on second thought, don't bother, disney.com is more your speed.

Yes, liquidity is calculated daily, but its metric has long-term implications about the health of the company. A company with the ability to only satisfy current obligations has no future. Calculating day to day liquidity allows the charting of a companies financial growth and or demise within the normal 24-hour cycle.

Again, day to day liquidity is only a gauge to chart the long-term performance of a company from a liability standpoint. Also, Solvency represents the assets in the red, while liquidity is calculated day to day based on ability to pay-off liabilities.

[cupcrazy01]

HBO should never have allowed both to fight "tune ups". They should have just made the fight and signed them both long before it came to this. IMO the mistake was oking kov/agnew and stevenson/fonfora when they 1st knew stveson didn't want the fight right now. They should've said next or nothing,

Yes, 2014 hasn't been great, Is that all on Al? His fighters-floyd, danny, adonis havebeen in good fights. Matts v (name escapes me) is the leading FOTY candidate. Granted those were not the natchups we as fans wanted. Canelo v lara is coming.

Showtime isn't struggling to make cards. The guys that were heavy favorites didn't win as easy as planned. That likely has required some rebooting. Hopefully it leads to better fights.

By no means is HBO guiltless here, but the bottom line is that Al Haymon and Showtime, in collusion, ruined any chance for a Stevenson-Kovalev fight in favor of a Stevenson-Hopkins fight. Period.

Showtime needs a strong summer and second half of 2014 or they risk falling into the old HBO pattern of mismatches on the network and the real, competitive fights on PPV.

And, to be clear, Danny Garcia and Adonis Stevenson were supposed to have tune-ups. Both were taken into deep waters by huge underdogs. Haymon did NOT anticipate that and was not trying to give the fans great fights.