Waddell investment down to the last 82M? OUT of (521M)

[PKing]

If Khan is fighting Canelo, seems like they've assumed his career is pretty much over.

He's in no man's land.

He wants big purses in the US but isnt a PPV or live gate draw plus he isn't that good.

Haymon is a good advisor for letting him find his own biggest payday by whatever means necessary.

[bigdunny1]

Khan has never been on PPV and has never drawn a $1 million gate in the US. He's not very good so it doesn't seem like this would be a loss for Haymon it seems.

What fighters on PBC have? He's one of their biggest names and he just left. A guy who haymon for years wanted him to fight floyd. That fight didn't happen not because haymon didn't want it he promised that to khan it's floyd who didn't want that fight. So don't act like he's a nobody when he's got a bigger name and a history of drawing more fans and TV viewers then almost all the guys who fought on PBC.

[bigdunny1]

He's in no man's land.

He wants big purses in the US but isnt a PPV or live gate draw plus he isn't that good.

Haymon is a good advisor for letting him find his own biggest payday by whatever means necessary.

Are you kidding me the reports are he was unaware and khan did this behind his back. No credit to haymon for this. Khan is leaving because he's frustrated with the level of fights haymon has got him and all the big fights he advised him to turn down for a Floyd fight he couldn't deliver.

[PKing]

What fighters on PBC have? He's one of their biggest names and he just left. A guy who haymon for years wanted him to fight floyd. That fight didn't happen not because haymon didn't want it he promised that to khan it's floyd who didn't want that fight. So don't act like he's a nobody when he's got a bigger name and a history of drawing more fans and TV viewers then almost all the guys who fought on PBC.

Nobody said the other PBC guys are bigger names. I stated facts, Khan isn't a live gate draw, doesn't do PPV numbers and he isn't very good.

No big loss at all. Once Canelo KO's him Khan's career is over.

What's the big deal?

[PKing]

Are you kidding me the reports are he was unaware and khan did this behind his back. No credit to haymon for this. Khan is leaving because he's frustrated with the level of fights haymon has got him and all the big fights he advised him to turn down for a Floyd fight he couldn't deliver.

If Haymon wanted to block it, he obviously could. He's just being reasonable.. he couldn't deliver the Floyd fight so he let Khan shoot for Pacquiao and now Canelo.

No big deal.

[Pigeons]

Waddell & Reed appears to be in disarray. Probably explains why PBC only has 3 shows scheduled right now.

http://www.kansascity.com/news/busin...e57890703.html

[bigdunny1]

If Haymon wanted to block it, he obviously could. He's just being reasonable.. he couldn't deliver the Floyd fight so he let Khan shoot for Pacquiao and now Canelo.

No big deal.

No he couldnt. Khan camp during the manny talks came out said his contract is different then most guys signed to haymon and that he doesn't need haymon to make a fight and that haymon can't block it. Go read khans fathers quotes saying this last year. He negotiated behind haymon back with manny and golden boy for canelo. Haymon has nothing to do with this.

[bigdunny1]

Waddell & Reed appears to be in disarray. Probably explains why PBC only has 3 shows scheduled right now.

http://www.kansascity.com/news/busin...e57890703.html

I already posted that here its why it's now so quiet around here. Very bad news for PBC. Also posted Steve Kim article posted yesterday outlining all the problems that look like a domino effect of the investors being out of money including the stories he is hearing that NBC is pulling out the time buy for 2016.

[PKing]

No he couldnt. Khan camp during the manny talks came out said his contract is different then most guys signed to haymon and that he doesn't need haymon to make a fight and that haymon can't block it. Go read khans fathers quotes saying this last year. He negotiated behind haymon back with manny and golden boy for canelo. Haymon has nothing to do with this.

That's my entire point. The contract between Haymon & Khan ALLOWED that to happen on purpose.

If Haymon could bring in the Floyd fight... good on Al. If he couldn't and Khan went the Pac/Canelo route, good on Khan. Basically it was the most open ended contract to help the fighter out.

Not difficult to comprehend.

[bigdunny1]

Steve Kim from Undisputed Champion Networkd posted this

http://ucnlive.com/well-this-is-inte...5UjNVc.twitter

Well, this is interesting…
by Steve Kim | Feb 01, 2016


premier-boxing-champions


A few days ago, there was something rather interesting posted on the Reddit message boards regarding the financial health of Premier Boxing Champions, which states that, after an initially being funded with just over $521 million (yes, you read that correctly), they were down to their last $82 million.


You can read the posting here.


This was certainly a topic of conversation around the boxing water cooler over the weekend and, throughout the industry, it went viral. Just how accurate this information is is debatable but it does add to the growing speculation that the PBC, which has failed to gain a real foothold with the masses or attract sponsors, was hemorrhaging money at an alarming pace.


The question you hear often is: How exactly do you burn through that much money so fast?


Well, network time is not cheap and with time-buys at CBS, NBC, FOX and ESPN, among others, that alone will eat up a significant portion of the funding. Then you have the fighters who, for the most part, will thank Al (Haymon) for paying them exorbitantly, time and time again, and then marketing and advertising campaigns on various platforms. You also have a full-time staff to pay.


And hey, private jets aren’t FREEEEEEEEEEEEEEEEEEEEEEE!


The PBC flies the friendly skies in class; you gotta give ’em that.


Now, you have ongoing lawsuits with Golden Boy Promotions and Top Rank Promotions. Battling Bert Fields and David Morroso isn’t cheap either (yeah, discovery should be really interesting).


And there are changes taking place internally with the PBC as it enters its second year of existence. Word is that Leon Margules of Warriors Boxing is out as one of the “sham” promoters. He’s telling anyone and everyone that asks that this is simply untrue but you have to wonder if he’s just playing a game of semantics. The reality is most – if not all – of Warriors Boxing clients have contracts with Haymon, so, in many ways, he’ll still be there with a credential around his neck sitting ringside, getting a piece of the action from his boxers. But let’s see if Warriors Boxing is winning any seven-figure purse bids like they did last year on behalf of the PBC and if they’ll be the promoter of record for fights with boxers who have no association with Warriors Boxing like they did last year.


On Sunday night, another Bounce TV card took place and, in the past, this was something Warriors Boxing would “promote” but, this time, Marshall Kauffman’s King’s Promotions handled things. This raised a few eyebrows in the boxing business.


Then you have the case of Leija Battah, who, not too long ago, had an alliance with Golden Boy to be the local promoter in Texas. Last year, they were wooed by Haymon to do their shows in the “Lone Star State” and had reserved over a dozen dates (most of them for the Tuesday night cards on FS1) for the first half of 2016. Well, don’t look for that to happen as Leija Battah is pulling away from the PBC. Sources say that Haymon attempted to change the terms on what was once a favorable deal for them.


Word is there is a tightening of the belt across the board. One small example: Last week for the card in Los Angeles featuring Danny Garcia-Robert Guerrero at the Staples Center, those who were assigned driver duty throughout the week were not given hotel rooms like they did in the past. One sources says, for the last card they did in Texas, a per diem was not given out to the staffers working the promotion.


As you look at the PBC schedule, it’s rather sparse as there are just two shows on the docket after Sunday night’s card from Florida. Last year, they inundated the various networks with a full roster of fights while they flooded the market. In the foreseeable future, there are no dates scheduled for NBC, ESPN, Spike, FOX and NBC Sports Network. There are rumors circulating that NBC may have not renewed the option for a second go-round with the PBC. In recent months, you’ve seen more and more of the prime PBC product (like Danny Jacobs-Peter Quillin and Deontay Wilder) appear on Showtime, which still pays a license fee.


On March 12, an attractive welterweight fight between WBA titlist Keith Thurman and Shawn Porter takes place from the Mohegan Sun that will be broadcast by CBS. What’s interesting is that this fight is not being branded as a PBC fight but “Showtime Championship Boxing on CBS.” In other words, Showtime paid for this bout, will be paying for the production of the telecast and most likely using its broadcasters. This suggest to many that the PBC is struggling financially and needs a boost and it’s also fueling speculation – which perhaps will be found in the process of discovery – that CBS was an investor in the PBC.


Perhaps this is an ancillary issue but Waddell & Reed, whose war chest is financing this venture, has declined in value every quarter recently. Again, I don’t know if this has any meaning or not. After all, I write about boxing, not for the Wall St. Journal.


Many now speculate that the PBC will die a quick death (or at least that’s what they hope). Nobody really knows except Haymon and he continues to play judge and jury while also collecting a fee from all his clients. Some are calling this a “smash-and-grab”; no matter what happens to the PBC, Haymon walks away richer for it.


This much is known: This has been an costly venture thus far.


Hey, it costs money to create a monopoly.