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

[US Dirk Killer]

Waddell & Reed holdings as of 3/31/15 show Media Group Holdings LLC Series H had lost 27.5% of its value. PBC burned through $143M by March.

— Boxing Leaks (@BoxingLeaks) June 4, 2015

Masterplan, here we come!!

Working as well as Robert Guerrero filling out stadiums

[daggum]

he's just playing the long game. everyone knows that losing value is a winning strategy and is going to attract investors. i mean the advertisers are coming. danny garcia, adrian broner, deontay wilder must be spending millions advertising themselves because they are on all the time during pbc broadcasts

[mexicali90]

And your happy about this why?

[Sugar Adam Ali]

They knew going in that they would lose a bunch in the first 20 months...


Most of the loss of value is buying TV time, and those deals are set and they won't spend that much in future quarters..

But if PBC is gonna be successful they need to step up the matchmaking.... All these crap matchups aren't exciting anyone, let alone capturing casuals....

PBC needs more thurman/Guerrero and degale/dirrell fights, and less crap fights like this frampton/Gonzalez and k9/charo card....

[Hougigo]

Pretty sure the big chunks is from the time buy, next up is the production costs per show then the fighter purses... then I guess you can throw in the personal jets

[bigjavi973]

Can't win money if you don't bet money.

[aldo5408]

Great source Is that you? Thanks for the link to the story aswell

[Redd Foxx]

Perhaps the concept of "investment" is lost on some here. I'm not opinionated in regard to PBC but I'll give it a few more months before making decisions on it's financial viability. What kind of fool expects a business venture to be profitable within 4 months or whatever it's been?

[Beater_of_ass]

He hustled rich people? Sounds exactly like what he did in the entertainment business. Obviously hype, marketing, production (eh) are stuff that Haymon is good at. Matchmaking and handling money, not so much.

[Beercules]