Waddell+Reed's PBC investment has lost 59% of it's value.
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But one plane isn't enough for Al to take over boxing, so he needs to buy a second: http://t.co/thShaHYdhy
— Boxing Leaks (@BoxingLeaks) April 20, 2015
Money grab, but he's going to save boxing doe...Comment
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But one plane isn't enough for Al to take over boxing, so he needs to buy a second: http://t.co/thShaHYdhy
— Boxing Leaks (@BoxingLeaks) April 20, 2015
Money grab, but he's going to save boxing doe...Comment
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People care more about hating Haymon than they do about boxing or being right.
A drop in value, after the first year, is not out of the ordinary. That's what happens when you use money to acquire what is necessary for the operation of your business. What matters is whether or not the business is capable of turning a consistent profit.Comment
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These threads make for a good laugh. When they run out of anything substantial (usually before their first post), here come the ebonics and memes. You can now relate to what a kindergarten teacher goes through.Comment
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People care more about hating Haymon than they do about boxing or being right.
A drop in value, after the first year, is not out of the ordinary. That's what happens when you use money to acquire what is necessary for the operation of your business. What matters is whether or not the business is capable of turning a consistent profit.
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Al Haymon has spent $313 Million Dollars on buying TV rights, on platforms such as ESPN, NBC, CBS, which he has secured till late 2019. His aim was that lots of people will tune in to free boxing on TV, and he would recooperate the $313 Million outlay through selling advertisement slots. However, this plan has failed, as tv ratings for ages 18-49, has been extremely poor, hence PBC has not been able to sell advertising at the price that they would like to.
PBC will ultimately fail & go bankrupt, as boxing is a niche sport.Comment
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There was a time where the only source of basic TV boxing we had was FNF on ESPN. Now we have from NBC, Spike TV, Bounce, etc all these basic channels/antenna channels showing boxing frequently. People had no issue with the showcase fights on FNF, and occasional good tests for upcoming fighters, with some upsets. But all of a sudden fights like Thurman-Guerrero, DeGale-Dirrell, Cleverly-Fonfora, Santa Cruz-Mares, Broner-Porter, Dirrell-Jack, etc. on basic/antenna tv is very problematic to them. So okay, let's get these fights off air and go back to just seeing these same caliber fights on HBO/Sho only.Comment
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