WOW! PBC has burned thorugh 143M dollars, investors lose 27.5% of its value!

[Barcham]

No shi*. It's a brand new company. New companies have crazy burn rates. What do you expect when money is being spent with no TV time and there are no commercials on during the fights?

This venture will not be profitable for years.

This 'venture' will not be around for 'years'. Once the investment capital is gone, so is the PBC. I love people who say that you have to invest money to make money. Yes, this is true to an extent. But you do not invest almost half a BILLION dollars without seeing the beginnings of a return. Once the money is gone, even if they have begun to break even they will be dead in the water. Even if they begin to turn a million dollar profit per show, they will dead in the water. Because the investors will eventually expect a return on their investment. At a 1 million profit per show, it would take them over 500 shows to just break even. At 40 shows per year, that is over twelve years to break even!

Good luck with that!

[soul_survivor]

I think the match ups have been great and I'm not convinced they would have happened without Haymon trying to put on competitive fights to get people interested.

Thurman v Guerrero
Garcia v Peterson
McDonnell v Kameda
Burns v Figeroa
Lee v Quillin
DeGale v Dirrell
Khan v Algieri
Dirrell v Jack

Were all interesting match ups on paper and that's in the space of 3 months.

What's been so hot about UK boxing this year? All our good fights were on PPV the other week.

There's not really been much else to write home about.

I've highlighted the good ones that could be classified as main events. Everything else was just filler/undercard crap.

I will say however, Garcia/Peterson was a decent enough fight but an irrelevant inconvenience in the wider context of boxing (no belts, bs weight limit etc).

The said fact is, none of this will get people talking about boxing in the US or casual fans to switch over and watch, like they would have done on network TV back in the 80s or even parts of the 90s. Where's the exciting up and down wars? Where are the celebrity calibre fighters? They just aren't there. I guess you can classify Khan as a celebrity fighter but they had him on some crap called spike lol

Also, what's up with the timing of the some of the bouts??? And the channels that they get placed on

[BWC]

This 'venture' will not be around for 'years'. Once the investment capital is gone, so is the PBC. I love people who say that you have to invest money to make money. Yes, this is true to an extent. But you do not invest almost half a BILLION dollars without seeing the beginnings of a return. Once the money is gone, even if they have begun to break even they will be dead in the water. Even if they begin to turn a million dollar profit per show, they will dead in the water. Because the investors will eventually expect a return on their investment. At a 1 million profit per show, it would take them over 500 shows to just break even. At 40 shows per year, that is over twelve years to break even!

Good luck with that!

Geez. Thanks for the business lecture man. Good to know you're so much wiser than guys who have $40 BILLION under management. The PBC represents 1% of the portfolio of the parent fund. You guys can relax. If you're really interested in the PBC strategy from, you know, the people in charge of it, take a look here:

http://www.sportsbusinessdaily.com/J...epth/Main.aspx

[The Gambler1981]

Lots of people look like they are throwing money in a pit only to come out laughing all the way to the bank, especially in sports.

How many times have people been said to buy a team ******ly only for the teams value to be double within a couple years. As long as it gets to breaking even or close to it, the amount the venture can be sold (what PBC is worth) for will greatly outstrip the money spent on it.

[Deevel916]

Geez. Thanks for the business lecture man. Good to know you're so much wiser than guys who have $40 BILLION under management. The PBC represents 1% of the portfolio of the parent fund. You guys can relax. If you're really interested in the PBC strategy from, you know, the people in charge of it, take a look here:

http://www.sportsbusinessdaily.com/J...epth/Main.aspx

Doesn't matter if they had $40 Trillion. No businessman/investor likes to lose money. Sure they can expect to take some losses in the beginning while building their brand, but once they see consecutive losses over a period of time without the tides reversing, they will eventually pull the plug.

This almost reminds me of Jay Z and Tidal. I don't see how that becomes successful for him, and I don't see PBC becoming successful for Haymon and his investors. He just doesn't have enough stars in his stable to draw massive viewership and fan interest. Signing a bunch of obscure C-level fighters is not a recipe for success in this sport.

[12TRIBEsRiSe]

for some reason boxing fans want to see boxing fail.... wonder why?

[Deevel916]

Lots of people look like they are throwing money in a pit only to come out laughing all the way to the bank, especially in sports.

How many times have people been said to buy a team ******ly only for the teams value to be double within a couple years. As long as it gets to breaking even or close to it, the amount the venture can be sold (what PBC is worth) for will greatly outstrip the money spent on it.

Once again, you cant compare mainstream sports like Football, Basketball, Baseball to that of Boxing. Even sports like Golf have MAJOR sponsorship and advertisers behind it whereas Haymon is having a hard time attracting ANY advertisers to PBC

[The Gambler1981]

You start a business, and spend 200 million. You make back 150 million. The value of the venture is now worth 300 million.

Are you 50 million in the hole or are you 250 million ahead?

[Deevel916]

for some reason boxing fans want to see boxing fail.... wonder why?

Its not about wanting to see it fail. If anything PBC is further isolating the sport rather than unifying it. It would only be successful for everyone if PBC controlled every single fighter which it wont. As it stands many major fights wont happen due to Haymons rifts with certain networks and promoters. How does this benefit us fans and the sport?

[ggg_kz]

Doesn't matter if they had $40 Trillion. No businessman/investor likes to lose money. Sure they can expect to take some losses in the beginning while building their brand, but once they see consecutive losses over a period of time without the tides reversing, they will eventually pull the plug.

This almost reminds me of Jay Z and Tidal. I don't see how that becomes successful for him, and I don't see PBC becoming successful for Haymon and his investors. He just doesn't have enough stars in his stable to draw massive viewership and fan interest. Signing a bunch of obscure C-level fighters is not a recipe for success in this sport.

Good read, but seemed like a marketing **** for me. The most important question for me is sustainability. NBA, NFL, NHL are sustainable mostly because the cash cows are allowed to lose and it doesn't impair the brand - games can be played over and over without losing quality. In boxing one loss and your stock drops down considerably. Let's imagine, they have boxers who win and lose as often as in team sports - will fans turn away due to oversaturation or pay more just to see more competitive fights? Especially if on HBO there are well paced and developed stars with good records?

I still think value in combat sports is different to value in team sports, it takes longer to marinate big fights and it produces quality - like good old wine, you want it to be properly developed. In team sports a loss doesn't mean much, so you watch it knowing tomorrow is gonna be a win. In boxing tomorrow you gonna be forgotten.