Waddell+Reed's PBC investment has lost 59% of it's value.

[BWC]

Totally irrelevant. The only value that matters is the exit value. I assume the value will skyrocket upon a TV deal, which is assuredly the end game here. The opex is no doubt frontloaded on the project with the topline modeled to come later in the process.

You don't know ****e about business..

[elgranluchadore]

I think Haymon has made plenty of guys bigger. Or at least thats arguably the case cuz it all depends on what bigger or a star means as there seems to be numerous definitions & understandings with that ****.

Has he created the next Floyd? No. Thats a seldom done thing anyway. Has he moved guys into getting more attention &/or money? Certainly. Haymon gets guys paid more on cruise control. He gives a f#ck about the fighters in a business where thats seldom the case.

The thing people fail to realize is right now Haymon is probably using idk 60%-70% of the available US TV time for PBC fighters. And you can't build stars without TV time. So it stands to reason the major entity building stars will be PBC. And Haymon has more guys who are younger & up & coming guys among his roster than he's ever had. So ask me in 3 years at the stars PBC has built.

You don't need to be on CBS to be a star, you just need to have the "it factor", Cotto, Canelo, Pacquiao they all became stars on HBO, they didnt need network tv.

Even if PBC has the bigger platform unless he's got guys with star quality he's not gonna make any stars. Guys like Thurman, Quillin, Leo, Wilder, Garcia etc..
are never gonna become stars even if they KO 10 guys in a row, they're not charismatic and unless they beat a star, they will never be good enough in the eyes of the fans.

[Fetta]

ponzi scheme

Then like i said earlier..BRAVO!!!

Haymon fooled fans, boxers, promoters, networks, some of the best money people on the planet, and he did it all in plain sight.

Tipping my cap to him. Impressive

[racer59]

some of the best money people on the planet, and he did it all in plain sight.

Tipping my cap to him. Impressive

In all fairness, it's ,Wadell & Reed. We aren't talking about the best minds on the street.

[El-blanco]

Unlike UFC, PBC is paying every channel to air their content, thats why you see them on every channel. They're hoping after paying them for a while they will be able to auction their content to the the highest bidder, this is assuming they get the ratings the networks desire which they haven't at all.

I mean yea i guess a network will eventually pay for PBC but not enough for them to turn a profit with the amount they pay guys like quillin.

PBC is just Haymon scamming his investors and getting more money for himself and his fighters, after he is done he can always go back to selling his stuff to Showtime/HBO.

The biggest failure of PBC has been their inability to create any stars at all, even with such a massive platform.

Basically.

[Fetta]

In all fairness, it's ,Wadell & Reed. We aren't talking about the best minds on the street.

for a company like that they dont get joe schmo off the street. Some of the best supposedly got fooled and like i mentioned it wasnt just them. Al is beyond any of us here if thats true

[racer59]

for a company like that they dont get joe schmo off the street. Some of the best supposedly got fooled and like i mentioned it wasnt just them. Al is beyond any of us here if thats true

They're pretty much a small regional shop. Of course he'd go to them. No way he gets the big boys to invest. You know, a real hedge fund. Somebody like Carl Icahn would laugh in his face.

[El-blanco]

for a company like that they dont get joe schmo off the street. Some of the best supposedly got fooled and like i mentioned it wasnt just them. Al is beyond any of us here if thats true

I don't think he fooled them considering the guy who got him the deal with the firm now works for haymon. Seems like they were aware of what was happening. It wouldn't be the first time in history a firm ****s over their clients to spread the wealth amongst themselves. It happens on a daily basis. I certainly wouldn't be tipping my cap to him if he's ripping off people who are losing money because of the damage it is doing to the fund overall. Regardless of how minimal it might be, it's not right.

[racer59]

I don't think he fooled them considering the guy who got him the deal with the firm now works for haymon. Seems like they were aware of what was happening. It wouldn't be the first time in history a firm ****s over their clients to spread the wealth amongst themselves. It happens on a daily basis. I certainly wouldn't be tipping my cap to him if he's ripping off people who are losing money because of the damage it is doing to the fund overall. Regardless of how minimal it might be, it's not right.

Exactly. This deal did not get done overnight. It's reasonable to assume that the business plan he presented included using GBP. Oscar then wised up and throws a wrench into the master plan, I wonder if investors received revised business plans sine the deal was close to done.

[Fetta]

I don't think he fooled them considering the guy who got him the deal with the firm now works for haymon. Seems like they were aware of what was happening. It wouldn't be the first time in history a firm ****s over their clients to spread the wealth amongst themselves. It happens on a daily basis. I certainly wouldn't be tipping my cap to him if he's ripping off people who are losing money because of the damage it is doing to the fund overall. Regardless of how minimal it might be, it's not right.

400-500 million is impressive.

I dont think he is nor do i think PBC will fail but if it does and it turns out this was a scam then yes im tipping my cap. Smarter and more convincing than anyone i have ever met and i have met and dealt with some big money boys