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

[Pac=Duran]

Haymond knows what hes doing. He knew PBC was garbage, thats why he didnt use his money to fund it. PBC can fail and Haymond still wins. Haymond gets his cut everytime his guys fight. Whether or not PBC makes money is not his problem. He took these fights off of HBO/Showtime so he has more control, he gets more dates.

This is the ******est thing I've ever heard.

You think this shyster has 300 million to fund this himself? It was the worst idea ever. He ran into about 100 million dollars worth of legal fees right out of the gate, what a moron.

It was just an awful idea by a guy that is clearly some kind of fraudster.

[torosboxing75]

From jump everyone in the boxing industry said how this was an extremely risky investment. How much longer can they afford to sustain losses before they pull the plug?

Ive said it time and time again. What's hurting PBC the most is its inconsistsnt boxing schedule. Network hopping along with having fights on random days and times makes it hard to build a following. Especially when you're not putting on quality cards. Sad part is he has the fighters to make this big fights and for whatever reason he just chooses not to!

Very good point

[torosboxing75]

I hope it works out for boxings sake

[BWC]

Oh you must be in the industry. Why don't you jump on your Bloomberg and do and IP on them. You'll see they have 81.9B

Now contrast that with a big shop, like Blackrock. Oh what's that, they have 2.2 T as in trillion.......

OK so Waddell and Reed is not as big as the biggest private equity firm on the world. I grant you that.

[BWC]

Haymond knows what hes doing. He knew PBC was garbage, thats why he didnt use his money to fund it. PBC can fail and Haymond still wins. Haymond gets his cut everytime his guys fight. Whether or not PBC makes money is not his problem. He took these fights off of HBO/Showtime so he has more control, he gets more dates.

This is just idiocy. Haymon was already wildly successful as a concert promoter. He could retire on some island and never work another day in his life if he wanted to. So instead he wants to start this PBC thing and tank his reputation and lose millions? Come on man get real.

PBC may or may not succeed but I wouldn't bet against Haymon and his track record.

And most in this thread have no idea how to even value a pre-revenue/cash-flow negative asset like PBC. Heck they would have no clue how to value an EBITDA positive asset. It won't have any value until there are some (relatively) known future cash flows from a TV deal that can be discounted against the outlays. Right now the value is what they paid minus what PBC has burned. No doubt their business plan accounted for this.

[AddiX]

This is just idiocy. Haymon was already wildly successful as a concert promoter. He could retire on some island and never work another day in his life if he wanted to. So instead he wants to start this PBC thing and tank his reputation and lose millions? Come on man get real.

PBC may or may not succeed but I wouldn't bet against Haymon and his track record.

And most in this thread have no idea how to even value a pre-revenue/cash-flow negative asset like PBC. Heck they would have no clue how to value an EBITDA positive asset. It won't have any value until there are some (relatively) known future cash flows from a TV deal that can be discounted against the outlays. Right now the value is what they paid minus what PBC has burned. No doubt their business plan accounted for this.

How you gonna tell people what they don't know, and than go on to make a statement about something you don't know?


Haymons business plan was to burn 300 mill and have plummeting ratings, no sponsors, and no secured TV deals? **** out if here with that nonsense.

This investment is a total loss. If investors wanted to salvage this right now, there wouldn't be one asset PBC owns that you could sell off as an asset, except for the TV time they paid for.

Even that would be damn near impossible to sell. These investors got hijacked.

[BWC]

How you gonna tell people what they don't know, and than go on to make a statement about something you don't know?


Haymons business plan was to burn 300 mill and have plummeting ratings, no sponsors, and no secured TV deals? **** out if here with that nonsense.

This investment is a total loss. If investors wanted to salvage this right now, there wouldn't be one asset PBC owns that you could sell off as an asset, except for the TV time they paid for.

Even that would be damn near impossible to sell. These investors got hijacked.

I do know this actually because they stated as much before they even launched. They were prepared to burn the entire investment if necessary.

"As he laid out his plan, which would include not only NBC but other broadly distributed networks, it became clear that Haymon’s company might have to bleed upward of $100 million — and perhaps two or three times that much — as it built a brand and an audience, a proof-of-concept phase that would then enable him to cash in on the rights fees that continue to trend upward across sports.

Caldwell was there to show NBC that Haymon Boxing had the wherewithal to not only launch the PBC, but sustain

The March 7 series debut, featuring Keith Thurman and Robert Guerrero, attracted more than 4 million viewers to NBC.
Photo by: Suzanne Teresa it, with the pledge of upward of $425 million from a $40 billion fund that he co-managed for Waddell & Reed, the same fund that had invested about $1.5 billion in Formula One."

http://www.sportsbusinessdaily.com/Journal/Issues/2015/04/20/In-Depth/Main.aspx

[El-blanco]

How you gonna tell people what they don't know, and than go on to make a statement about something you don't know?


Haymons business plan was to burn 300 mill and have plummeting ratings, no sponsors, and no secured TV deals? **** out if here with that nonsense.

This investment is a total loss. If investors wanted to salvage this right now, there wouldn't be one asset PBC owns that you could sell off as an asset, except for the TV time they paid for.

Even that would be damn near impossible to sell. These investors got hijacked.

That guy is clueless. He's taking about TV deals as if anyone would pay millions of dollars to get the same ratings as COPS. It's apparent to any objective person what his plan was.

[AddiX]

I do know this actually because they stated as much before they even launched. They were prepared to burn the entire investment if necessary.

"As he laid out his plan, which would include not only NBC but other broadly distributed networks, it became clear that Haymon’s company might have to bleed upward of $100 million — and perhaps two or three times that much — as it built a brand and an audience, a proof-of-concept phase that would then enable him to cash in on the rights fees that continue to trend upward across sports.

Caldwell was there to show NBC that Haymon Boxing had the wherewithal to not only launch the PBC, but sustain

The March 7 series debut, featuring Keith Thurman and Robert Guerrero, attracted more than 4 million viewers to NBC.
Photo by: Suzanne Teresa it, with the pledge of upward of $425 million from a $40 billion fund that he co-managed for Waddell & Reed, the same fund that had invested about $1.5 billion in Formula One."

http://www.sportsbusinessdaily.com/J...epth/Main.aspx

Are you ******ed bro? That was a long time ago.

PBC is up and running, has burned through a **** ton of money.

And you know what...


It's fcking worthless. It has 0 value. It hasn't accomplished any of it's goals. It hasn't secured any contracts. It has 0 assets.

What do you guys realistically expect to change? Please tell me, what are these megafights that are going to turn this ship around, and make it worth the 300 million already lost?

[IMDAZED]

Are you ******ed bro? That was a long time ago.

PBC is up and running, has burned through a **** ton of money.

And you know what...


It's fcking worthless. It has 0 value. It hasn't accomplished any of it's goals. It hasn't secured any contracts. It has 0 assets.

What do you guys realistically expect to change? Please tell me, what are these megafights that are going to turn this ship around, and make it worth the 300 million already lost?

@ this


Stick to cursing and making slick comments about Blacks. They're really the only thing on your mind anyway.