By Rick Reeno - With the exception of the finalized blockbuster between Floyd Mayweather and Manny Pacquiao, the ‘Al Haymon takeover’ has been the biggest topic of conversation in the sport of boxing
For months, there were strong industry rumors that Haymon was planning to branch out on his own, under his Haymon Boxing banner, and secure several television deals to showcase his voluminous stable of fighters. That plan was starting to come together in early January, when Haymon reached a financial agreement with Golden Boy Promotions to walk away from their company with just about every single fighter that he managed/advised.
According to several sources with knowledge of his business strategy, Haymon was able to secure millions of dollars from several hedge funds. How much money was invested in his venture? Nobody knows for sure, but the most popular number being reported is $100 million dollars – and some believe the actual dollar figure is much higher. [Click Here To Read More]
For months, there were strong industry rumors that Haymon was planning to branch out on his own, under his Haymon Boxing banner, and secure several television deals to showcase his voluminous stable of fighters. That plan was starting to come together in early January, when Haymon reached a financial agreement with Golden Boy Promotions to walk away from their company with just about every single fighter that he managed/advised.
According to several sources with knowledge of his business strategy, Haymon was able to secure millions of dollars from several hedge funds. How much money was invested in his venture? Nobody knows for sure, but the most popular number being reported is $100 million dollars – and some believe the actual dollar figure is much higher. [Click Here To Read More]
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