You guys are missing the long term goal. They could bleed money for the first years, right now their moves have little to do with turning a profit.
PBC making or losing money?
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They've put on a grand total of 2 shows out of 32 scheduled slots and both of those shows have put up very desirable numbers for their time slot. Is their format sustainable? Probably not. Are they building brand equity as we speak? Undeniably. Haymon is betting on himself and he has a deep enough roster to pull this off.Comment
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they have plenty of capital built up between the fees Haymon collected over the last few years on his fighter's purses and investors. they'll likely run at a deficit for the near future as they not only have to pay the fighters large purses but also tv time. they'll recoup some of that through advertising, ticket sales, sponsorship, etc.
They want to build up ratings, sign more fighters, build their brand, etc. and secure a big tv deal.Comment
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It'll make money. He have CBS, NBC, ABC/ESPN and Spike for the next 2 years. People will be interested in the new faces. To top it off they are traveling to the fans.Comment
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Haymon is already aware that he will initially lose money on this venture. The plan is to make it all back, plus some in the long run.Comment
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Haymon's spending his investor's money, and he's getting whatever his "advisor" percentage is from his fighter's purses...I'm sure he'll be alright.Comment
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This statement immediately conjures up this image...Hymen doesn't care, it's mostly his investors' money. If PBC loses out, Hymen skirts out and starts promoting MMA fighters. He'll lose some cash but his isn't solely footing the bill. He needs to set up tournaments and have the boxers doing community service and promote it that way. He needs to make boxing stand out as a sport.
[IMG]http://i1343.***********.com/albums/o788/jadedz1/Haymon%20skirting_zpspxrfl64k.jpg[/IMG]Comment
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Is it coincidence or pure strategic move that Haymon's PBC ventures come to fruition when Floyd signed to fight Pac? I am of the mindset that Haymon does have a hand in stalling the fight until now. I don't think Top Rank is solely to be blamed.Comment
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