If Haymon had the best interests of the sport and the fans in mind, he would allow GYM to negotiate a deal for Stevenson to fight on HBO. If he interferes and prevents the fight from happening, he cares nothing about the sport at all. This fight deserves to be on the big stage, not on some half assed PBC program where the FOUR titles that would be on the line would not even be on display.
Comments Thread For: WBC Reorders Stevenson-Kovalev; 5/29 Purse Bid Set
Collapse
-
HBO clearly has more money then Haymon but they will not get into a bidding war with Haymon. HBO Boxing works under a budget and is not in the business of losing money. Haymon has already proved that he is willing to lose money. His PBC cards are losing multi-millions each event as he pays enormous purses and then shoots millions on top of that to the networks just to air it so of course he has no problem blowing HBO out the water with some bid. HBO doesn't do these bidding wars which is why they banned Haymon in the first place. They build stars and sign them to contracts. They don't make bids on individual fights where they can't recoup the money spent and they could lose the fighter to another network after the fight.Comment
-
-
I completely agree with you, I just do not agree with these ****** notions of HBO not being able to "hang" financially. HBO has been around a long time and they have been able to do it because of the same reason you just stated.HBO clearly has more money then Haymon but they will not get into a bidding war with Haymon. HBO Boxing works under a budget and is not in the business of losing money. Haymon has already proved that he is willing to lose money. His PBC cards are losing multi-millions each event as he pays enormous purses and then shoots millions on top of that to the networks just to air it so of course he has no problem blowing HBO out the water with some bid. HBO doesn't do these bidding wars which is why they banned Haymon in the first place. They build stars and sign them to contracts. They don't make bids on individual fights where they can't recoup the money spent and they could lose the fighter to another network after the fight.Comment
-
The point is Michel (and likley Haymon, though he's not a promoter, so he's not supposed to), tried to pull a power play in leap-frogging the normal negotiations process by requesting an immediate purse bid in advance. They knew they'd win that bid, while Duva knew she wouldn't, so why participate in their scheme? Especially given the fact that they would likley want to air the fight anywhere but on HBO, where Kovalev is under contract.
It's my understanding that the promoters are responsible for paying their fighter's purses. The networks pay for the rights to air the fights.Comment
Comment