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

[Eastcoast]

If this is true I wonder what haymons plan. Was all along?

Was it just to **** Waddell?

I don't think so, I think Al genuinely thought he was going to create his own little version of the UFC within boxing. Given his success in the concert industry he believed he'd do it in boxing. $500mill later, and not one star developed. In reality the only real success he's had in boxing was using Mayweather as leverage to get what he wanted out of the networks.

[Luilun]

If this is true I wonder what haymons plan. Was all along?

Was it just to **** Waddell?

AS crooked as Haymon is I say most of that money is in the Cayman Islands under his name. They been swindled by a Charlatan

[Dr Rumack]

gonna need a better source than a guy from reddit

He was right last time. And about the Haymon-Top Rank suit.

[about.thousands]

it's weird though. The account manager at Waddell and Reed who made the initial investment with Haymon Boxing now works at with....you guessed it, Haymon Boxing. I don't know if Al and the dude were friends before they made the deal and they worked together to swindle the money from Waddell and Reed.

OR he might have gotten fired after Waddell and Reed decided it was a bad investment on his part and they're just taking it as an L. He probably went crawling to Al and he hired him to thank him back for giving him half a billion dollars

Actually he left to start his own firm.

[about.thousands]

They release their Q4 results Feb 3.

[Lester Tutor]

whenever PBC does well...rogue posters spread funny irrelevant rumors. lol

[Tom Cruise]

I don't think so, I think Al genuinely thought he was going to create his own little version of the UFC within boxing. Given his success in the concert industry he believed he'd do it in boxing. $500mill later, and not one star developed. In reality the only real success he's had in boxing was using Mayweather as leverage to get what he wanted out of the networks.

The thing is the UFC had years and years in the wilderness before they connected with the fans like they do today. They most likely made mistakes, rebranded, changed their marketing strategy and whatever else in that time, gaining experience in the industry a long the way, until when they finally 'made it' they were a polished product.

PBC is in a similar period, making mistakes, seeing what works and what doesnt etc, but the difference is they are doing it with a huge chunk of the worlds boxers, spending tonnes of cash and doing it in front of pretty big audiences too.

Cant help but feel if the big W and R investment had come after PBC had time in the game getting teething problems sorted they could have spent the money much more effectively.

[New England]

He was right last time. And about the Haymon-Top Rank suit.

a broken clock is right twice a day, doe! a dude on reddit has no committment to telling the truth, the way a trained or paid journalist ideally should. as far as i know, reddit is an anonymous forum like the bscene, but admittedly i don't use it.

this guy could be haymon himself, dibella, a top boxing reporter. or he could be going to karceno, the boxing socialist, and seeing what sounds juicy, and posting it.


i hope he's right. i want to see haymon go down, and i want to see how he's been operating for the last 5-10 years. i want haymon to be punished if he's been doing something wrong, but i'm also genuinely curious to see how they operate.

i really think he's been in violation of the ali act, and that it is fairly obvious. PBC / haymon boxing is an inventive way of making it either legal, or hiding the practices that are illegal. either way, i'd love to see the GBP lawsuit make them release some of the details about how the operate.

[Cinci Champ]

its prob true was only supposed to last until the tv deals stopped and they could start negotiating

[Chuckguy]

It's obvious that Harmon used the investors to piss away their money and when it runs out he will go back to HBO or showtime whoever puts up the most money great move on his part