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

Collapse
Collapse
  • Time
  • Show
Clear All
new posts
  • Deevel916
    Undisputed Champion
    Super Champion - 5,000-10,000 posts
    • Feb 2010
    • 7068
    • 282
    • 47
    • 13,675

    #391
    Originally posted by doom_specialist
    People really need to let this pan out instead of declaring it dead. It's been like 8 months, and they have airtime already paid for until like 2018 or something :/
    Yes but when you're paying your fighters millions in addition to having to give away tickets to your half packed events with little to no advertisers, how are they suppose to rebound and turn things around? The 2 big fights they have coming up Thurman/Porter and Jacobs/Quillen are said to be taking place on Showtime. How does this help PBC?

    Comment

    • IMDAZED
      Fair but Firm
      Franchise Champion - 20,000+ posts
      • May 2006
      • 42644
      • 1,134
      • 1,770
      • 67,152

      #392
      I remember when people were claiming there were no sponsers buying ad time during the fights. Boy that's changed, hasn't it? Oh well, let's see what's next.

      Comment

      • doom_specialist
        Undisputed Champion
        Platinum Champion - 1,000-5,000 posts
        • Nov 2006
        • 1722
        • 120
        • 195
        • 27,396

        #393
        Originally posted by Deevel916
        Yes but when you're paying your fighters millions in addition to having to give away tickets to your half packed events with little to no advertisers, how are they suppose to rebound and turn things around? The 2 big fights they have coming up Thurman/Porter and Jacobs/Quillen are said to be taking place on Showtime. How does this help PBC?
        I don't know. I majored in Computer Science, not business. What I do know is that PBC has a little over 2 years of airtime already paid for, and a stable full of good fighters that could become star attractions. That said, I'm gonna see how it plays out, instead of jumping immediately to the negatives. Long term investments almost always lose money year one, so declaring it dead before it's even made it to 4th quarter just seems premature.

        Comment

        • elgranluchadore
          i did it
          Platinum Champion - 1,000-5,000 posts
          • Apr 2010
          • 1823
          • 81
          • 41
          • 8,235

          #394
          PBC is just a way for Haymon to keep control of his fighters, with the 500 millions or so he can keep paying them absurd paychecks for 3 years, and if PBC fails he can go back to Showtime or HBO and his PBC fighters will still make bank.

          Haymon probably gets paid like 30% or so of anything his talent gets, so he is just slowly leeching off the 500 millions he got from his investors.

          The true genius of Haymon was how he was able to con his investors.

          Comment

          • Deevel916
            Undisputed Champion
            Super Champion - 5,000-10,000 posts
            • Feb 2010
            • 7068
            • 282
            • 47
            • 13,675

            #395
            Originally posted by elgranluchadore
            PBC is just a way for Haymon to keep control of his fighters, with the 500 millions or so he can keep paying them absurd paychecks for 3 years, and if PBC fails he can go back to Showtime or HBO and his PBC fighters will still make bank.

            Haymon probably gets paid like 30% or so of anything his talent gets, so he is just slowly leeching off the 500 millions he got from his investors.

            The true genius of Haymon was how he was able to con his investors.
            Less than that. Its been reported that his take is 15% of his fighters purses.

            Comment

            • Pac=Duran
              Undisputed Champion
              Platinum Champion - 1,000-5,000 posts
              • Jan 2015
              • 4888
              • 1,002
              • 585
              • 37,893

              #396
              Originally posted by doom_specialist
              People really need to let this pan out instead of declaring it dead. It's been like 8 months, and they have airtime already paid for until like 2018 or something :/
              Ratings are declining though on top of the 300 million wasted.

              How can you not see how awful this has been so far?

              1. 90% of fights have been shlte, and designed to be squash matches what's more.
              2. 300 million gone
              3. Awful ratings
              4. You have to watch commercials.
              5. Commentators are just constantly blowing smoke up the ass of PBC and the awful fights they are commentating on.

              PBC is absolute garbage.

              Comment

              • Scipio2009
                Undisputed Champion
                Unified Champion - 10,00-20,000 posts
                • Apr 2014
                • 13741
                • 276
                • 64
                • 98,172

                #397
                Originally posted by Deevel916
                UfC was still fairly new and exciting. 2 guys going for the kill in a cage?....what bloodthirsty fight fan wouldn't like that?

                PBC isn't offering anything remotely as exciting. For the most part they're putting on a bunch of cards featuring a bunch of boxers that nobody really knows nor cares about. Even their "stars" aren't household names outside of the diehard fans with the exception of maybe khan and Danny Garcia.

                It doesn't take a genius to see that PBC is in bad shape. They blew through 60% of a half a billion dollar investment and no way to stop the bleeding in sight. Aside from porter/Thurman and quillen/Jacobs, they're nothing else intriguing in their schedule. Those 2 fights are the best they have to offer yet many casuals don't even know who these guys are. Not to mention, the word is that these fights will be aired on showtime. How does this help build the PBC brand?

                Haymon/PBC fanboys need to realize that criticism of a bad product isn't hate. It's criticism of a lackluster product. I give praise to Haymon for trying but I don't see how this will succeed. He has over 200 fighters but without a Cotto, Canelo, GGG , kovalev, etc.. They have no big names to draw interest to the brand. Haymon dropped the ball by not using Floyd to be the face of the PBC brand.
                lol, have you ever actually watched a UFC card? gtfoh. The UFC is arguably the only avenue when a fighter can wrestle for 15 years, barely know how to throw a proper strike (kick/punch/elbow) and then dominate behind the most bore-inducing lay-and-pray strategy ever imagined.

                Outside of maybe Connor McGregor, who are these UFC fighters who just "throw down"?

                Without even looking all that hard, Kono-Kameda, Fonfara-Cleverly, Huck-Glowacki, and other fights were far more exciting and engaging than anything that's likely been put forward by the UFC.

                That "blew through 60% of a half a billion dollar investment" rhetoric, without acknowledging that near all that money was likely spent in securing the next three years of TV and building all of the stages/sets for the PBC presentation, makes you look desperate.

                Whether or not all of these fights end up on PBC or Showtime, Wilder-Povetkin, Wilder-Klitschko, Stevenson-Fonfara II, Stevenson-Alvarez, Jack-ChavezJr, Degale-Uzcategui, Jacobs-Quillin winner vs Lee/Saunders winner, Jacobs-Quillin winner vs EubankJr/O'Sullivan winner, Charlo-Jackson for the vacant WBC 154 belt, Garcia-Guerrero for the vacant WBC 147 belt, Thurman-Porter vs Garcia-Guerrero winners, Khan-Garcia II, Brook-Khan, Martinez-Salido III, RussellJr/Selby/LSC/Quellar/Mares 126 tournament, Frampton-Quigg series winner vs Julio Ceja for the WBC/IBF/WBA 122 titles, Payano-McDonnell, among the countless step-up fights for the slew of young fighters/prospects in the PBC fold, are already likely for 2016.

                If "Bronze Bomber" Deontay Wilder proves to be that man (beating Povetkin and beating Klitschko-Fury winner), Haymon instantly has a star bigger than the four names that you mentioned put together. (Though his career will likely mostly be on Showtime/SHOPPV for certain fights, the PBC tie-in allows for the possibility for an annual fight, featuring the undisputed heavyweight champion of the world, in primetime on terrestrial TV).

                Comment

                • Scipio2009
                  Undisputed Champion
                  Unified Champion - 10,00-20,000 posts
                  • Apr 2014
                  • 13741
                  • 276
                  • 64
                  • 98,172

                  #398
                  Originally posted by Deevel916
                  Yes but when you're paying your fighters millions in addition to having to give away tickets to your half packed events with little to no advertisers, how are they suppose to rebound and turn things around? The 2 big fights they have coming up Thurman/Porter and Jacobs/Quillen are said to be taking place on Showtime. How does this help PBC?
                  Please name the PBC fighters who are being paid millions, just as an exercise to get a baseline for how expansive you believe the "millionaire's club" is.

                  Not every show is going to draw massive numbers, but Wilder put 10k into his arena in Birmingham, Thurman put 8k into his arena in Tampa, Mares/Santa Cruz drew 13k to Staples Center in LA, Chicago has been a strong audience for the shows featuring local/Polish fighters, Garcia-Peterson put almost 13k people into Barclays Center, Garcia-Malignaggi and Khan-Algieri were also strong draws in New York, Omar Figueroa Jr sold out his fight in his hometown, "Sargent" Sammy Vasquez Jr drew a strong crowd for his fight in the Pittsburgh area, among other shows.

                  Beyond that, the only folks who are still talking about the "lack of advertisers" probably haven't seen a PBC show since May, lol.

                  Comment

                  • lfc19titles
                    Undisputed Champion
                    • Mar 2010
                    • 8731
                    • 725
                    • 628
                    • 94,838

                    #399
                    First time ever have I heard of an investment losing 59 percent of its value with no returns within its first year

                    This is obviously a bomb and heads will ever rolling for this disaster

                    These type of firms invest for years but when they lose 59 percent already they have what 41 left to last 4 years ish

                    A disaster no other to describe it and a silly move investing in al haymon

                    Everyone knows you should never expect to give a man from the streets money and expect to get it back

                    Look at it this way would anyone wet give our Larry an advance here? Hell no you know that fool would be down at kfc morning day and night using it like no tomorrow

                    When an investment losses it's whole value in two years which this will, and you cannot see any returns coming then you can only see one way of this ending

                    Comment

                    • Fetta
                      nob cheese
                      Unified Champion - 10,00-20,000 posts
                      • Jan 2011
                      • 16696
                      • 417
                      • 3
                      • 24,315

                      #400
                      WARPBC!!!

                      Im loving it!!

                      Comment

                      Working...
                      TOP