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

[saintpat]

Wonder if Heyman made any money in the second quarter.

Was there a PPV in May? Can't seem to recall ...

[soul_survivor]

You could not find anyone else on this planet who cares less about this PBC nonsense and all the money involved and the network beef that 99% of you idiots get involved in but one thing that does irk me (I'm from the UK and I couldn't care less about the SHO/HBO BS) is the lack of appealing match ups that Haymon is putting on. This is a chance to reinvigorate boxing in the United States, get the American media talking about it but when the best fights are DeGale v Dirrell and Thurman v Guerrero then you know things are not going the right way.

Plus, maybe I'm mistaken but won't the best fights be aired on Showtime PPV anyway? They won't be out there for the general public to consume anyway, so what we get are undercard fights being paraded as main events. HBO has done 2 events since the biggest fiasco in boxing event and both those fights have, at the very least, entertained.

Edit: Not to mention all the fun fights we've already had in the UK.

[Eastcoast]

I remember reading in some article that a total of 400+ Million was going to be invested to get PBC tuned in by anyone possible.

All of it was was considered startup money. After that they were expected to make money.

I don't really pay attention to that stuff. Eventually they will either float or sink. It is their money on the line, not mine. I just hope for some good boxing while I invest my beer money to enjoy it with.

Yep, it's a 4-5 year plan where they expect this thing to turn break even (become self-supporting) towards the end and then to start turning a marginal profit there after. The investors likely don't expect to recoup their full investment til maybe year 8-10, and then actual profit after that.



All that said, some of the decision making at the PBC is maddening. Yeah they drastically and needlessly overspend on fight purses, but their insistence of having fights at times and locations where they draw little fan interest is just so insane.

They're blowing genuine opportunities to grow. Like not pairing PBC fighters on the May/Pac card and then the Showtime replay. They should build up their shows starting in smaller arenas closer to fighter's home regions to draw more buzz and demand.

Carl Frampton in Texas? Dirrell/DeGale in Boston on a Memorial Day afternoon? Danny Jacobs in Chicago? Fonfara/Chavez would've been huge in Chicago, Jr's worn out his welcome for now in Texas & Cali. Guerrero on an Eastern time zone afternoon in Cali? All counter productive.

[bigjavi973]

You know **** just got real when poppapump lays down some knowledge...

[New England]

they're looking down the road.

you pay less in taxes for an investment that involves a certain amount of years. in a way, you want to have your money tied up. if you make a ton of money right away, you either have to pay more in taxes, or spend [invest.]


most businesses lose money early on. you spend money to get established.


al haymon is certainly not going poor. he's floyd mayweather's advisor [manager.]

most managers in boxing take around 30%. not sure what haymon takes, but it is a sizable percentage of floyd's purses.

30% of floyds guarantee, and his share of the revenue from 4.4 million buys at $100 a pop.


haymon is doing fine. not sure about these explicit PBC investors.

personally, i don't see PBC doing well. teh production is awful. the matches suck. i can't see a casual fan tuning in to wathct that nonsense.

[Barcham]

Wonder if Heyman made any money in the second quarter.

Was there a PPV in May? Can't seem to recall ...

Haymon makes money on every PBC show as he takes between 15-30% of his fighters' purses and invests none of his own money in the operation. He is making out like a bandit and laughing all the way to the bank.

Now if you are asking whether or not PBC made any money, that is an entirely different question and the answer would be NO. It will be years before they turn a profit, and they will have to recoup every cent of the investment, some $475 million, before they turn one cent of profit.

[AP♠]

Only a hater would want PBC to fall. It's like any other boxing program running some good fights some ****ty but way better then hbo. It's m'****in FREE to watch how can you beat that? Take make money you have to lose money.

[Infamous]

I don't know what any of this is

@BoxingLeaks I***39;m looking at Waddell***39;s report from 3/31, shows a market value of $325M. Numbers don***39;t seem to line up, mind explaining?

— Mike Leanardi (@ChiMike702) June 4, 2015

@ChiMike702 There are Series H holdings in three different funds - Waddell Asset Strategy, Ivy Asset Strategy and Ivy Asset VIP.

— Boxing Leaks (@BoxingLeaks) June 4, 2015

@BoxingLeaks Right, I know that. I was calculating based on the $432M but I see now you***39;re saying initial was $521M. Thanks.

— Mike Leanardi (@ChiMike702) June 4, 2015

So they invested...

[Jloro]

Maybe you guys should let it fully unfold nothing starts out booming with profit

[kiaba360]

Only a hater would want PBC to fall. It's like any other boxing program running some good fights some ****ty but way better then hbo. It's m'****in FREE to watch how can you beat that? Take make money you have to lose money.

Considering all of the fighters that are affiliated with Haymon, PBC SHOULD be giving us the better match-ups almost every time out. My favorites so far have been Thurman/Guerrero, McDonnell/Kameda, and Garcia/Peterson. We need fewer Ghost/Martinez match-ups though.