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

[Eff Pandas]

yeah, i thought they should have announced themselves on the scene with a **** instead of just continuing business as usual on a new channel. but then i guess many of the boxers in their roster only signed due to the promise of easy money and might up and walk if they were suddenly thrown in at the deep end

Yea I'm sure there is some carrot dangling going on for the early adapters to the attempted takeover of boxing via PBC lol.

"Hey Peter, how bout we give you $1M+ per fight & every other fight your opponent will be a male stripper?"

I suspect something like that is going on. The more guys that are getting ~half or whatever of what PBC guys are making for comparable opposition the more guys will be jumping ship to PBC. The more guys that come to PBC the less likely Peter will be able to fight male strippers every other fight. The more bigger fighters & bigger fights PBC is able to make the bigger PBC gets. And all the while they got all this TV time so most of the up & coming guys are going to wanna be with PBC so they can get that TV money & ability to try to become a boxer people will follow moving forward. I'd love to see Haymon's blueprint for PBC. If it fails or succeeds I think he's got more bases covered than people realize with this operation.

[////]

PBC had to become a UFC type phenomenon to really turn out well and we knew that wasn't likely.

Right now it's probably better that it fizzles out. It's just a side circuit. They put on a lot of fights, and some of those turn out well, but they're also preventing a great number of fights. There is no real difference from before.

I don't really feel like I watch any more or less boxing now than I did during the Showtime/HBO "cold war". Just that it's become even more difficult for new fans to understand who the real champions are.

[Eff Pandas]

You spend over $300 million dollars in 7 months you should have something to show for it.

Not a legacy doe. You don't buy a legacy. A legacy takes time to build.

[Pigeons]

PBC had to become a UFC type phenomenon to really turn out well and we knew that wasn't likely.

It took the UFC about 15 years to gain relevance.

[Eff Pandas]

PBC had to become a UFC type phenomenon to really turn out well and we knew that wasn't likely.

The UFC didn't have a "UFC type phenomenon"...whatever that means. It was a freak show when it first started. Getting banned in multiple states. Outside of rental places who had a nice lil niche market for fight fan renters with UFC's I'm not sure anyone was too impressed early on. Think they lit money on fire for years. Zuffa purchased with a plan & they didn't turn a profit for a decade give or take.

Just that it's become even more difficult for new fans to understand who the real champions are.

That might have more to do with all the alphabet champions, ring belt champions, lineal champions, TBRB champions & anyone who wants to create rankings champions. That has nothing to do with PBC or any promoter, network, manager or boxer. That has to do with alphabet groups wanting 3% of more fighters purses. Nothing more.

[////]

It took the UFC about 15 years to gain relevance.

It took it that long to surpass boxing in the US. It was a subculture/phenomenon from day 1. I followed every UFC event long before the "Ultimate Fighter" TV show came out.

PBC is obviously going for a brandname/league model like that but they missed the point. Nothing about PBC is new or fresh. They just ignore champions who aren't on their roster. They took the worst part about the UFC and ignored all the new innovative parts. End of the day they're more like the WBC than the UFC. Just another obstacle for unifications.

[Pigeons]

It took it that long to surpass boxing in the US. It was a subculture/phenomenon from day 1. I followed every UFC event long before the "Ultimate Fighter" TV show came out.

You don't know what you're talking about.

[Pac=Duran]

It took the UFC about 15 years to gain relevance.

Look lad, PBC has lost 300 million and given us awful fights, awful commentary, no stars and a load of tv adverts.

This bltch is going under. Accept it.

[Pigeons]

Look lad, PBC has lost 300 million and given us awful fights, awful commentary, no stars and a load of tv adverts.

This bltch is going under. Accept it.

[The Gambler1981]

What did people expect in year 1?

Did people expect boxing to be totally different?

Did they expect flawless execution that everyone would agree on?

Did they expect massive groundbreaking money to just gush upon the investors?


None of those seems like realistic goals or even possible, if it went any other way it would seem off because right now it is the natural order of things taking place. Maybe they fail or maybe they don't but nothing going on right now is really a harbinger of bad things even the slightly declining ratings while not ideal they are for the most part steady.

They could blow through that 500 million and then another and another and it still work out just fine as long as they are prepared for the long haul. I can't imagine even trying what they are doing without being prepared to take some lumps. If they weren't prepared for the long haul then the plan was always doomed to fail and then I would question if it was some kind of scam.

On a long car trip they are essentially at the gas station still filling up and buying snacks/supplies, can you judge a successful trip at that point?