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

[about.thousands]

Come on, man. PBC on NBC is an infomercial. Al Haymon bought the time and pays for the production. Are you really trying to claim that PBC on NBC announcers aren't biased? Haymon paid NBC and they use that money to pay you. Just because you've never met the guy in charge doesn't mean you don't work for him. I've never met the managing partner at my firm, but I work for him. My clients don't sign my paychecks, but I work for them. You worked for PBC. Everyone has a family to feed. I get it. But you compromised your ethics and your reporting is tainted now. Accept it and move on.

https://www.reddit.com/r/Boxing/comments/3mez8o/boxingscenecoms_managing_editor_jake_donovan/cvi6xr5

[sicko]

Stopped reading after "This Guy On Reddit Say..."

That guy on Reddit is likely also a TROLL on this forum I'm sure

[about.thousands]

Anything written by Donovan should henceforth be taken with the same boulder-sized grain of salt attributed to Ring Magazine (and their obvious GBP conflict).

https://www.reddit.com/r/Boxing/comments/3mez8o/boxingscenecoms_managing_editor_jake_donovan/cvefwun

[HanzGruber]

JakeNDaBox is still waiting on his apology from you.

https://www.reddit.com/r/Boxing/comm...onovan/cvh5pl3

I do not work for PBC, for the record. Steve Farhood normally covers PBC on NBC shows. He fell ill midweek and unable to make the trip and asked me to fill in on short notice, since he knew I only live 2 1/2 hrs from Birmingham and was already in town to originally cover the show for BoxingScene.com (my full-time employer). I provided pre-fight coverage for Top Rank's UniMas card which ran that same night. The following morning, I covered Kazuto Ioka's title defense via TV (TyC Sports). You want to question my ethics, that's your right to do so. Would greatly appreciate you not making stuff up and then attempting to publicly pass it off as fact. Thank you.

guy is pathetic.. read some of the posts on that thread trying to say how jake is a pbc employee, he shut him the *** down

hes just another rath

[hectari]

This is interesting, i always wondered what is the goal or the pitch haymon gave to his investors to get such large funding? What haymon did or is trying to do is very risky with a sport like boxing, how will he turn a profit? I dont see any sponsors dishing out big money to pbc, how many pay per views does ppv have to recoup some of that money? Maybe haymon will try and get mayweather out of retirement to fight again?

Boxing is not popular among the youth, more young adults watch ufc. Pbc even trying to sound similar with the name pbc. Haymon needs to come out of hiding and get on the mic like dana white and don king to bring interest to pbc.

[IMDAZED]

aboutthousands, Hanz, etc. great job.

Where should I dump his body?

@ the usual suspects clinging on to his word like truth. I guess Rick Glaser's nuts aint as sturdy as they used to be.

[The Big Dunn]

guy is pathetic.. read some of the posts on that thread trying to say how jake is a pbc employee, he shut him the *** down

hes just another rath

Just what NSB needs!, another Rath LOL!!!

[Fetta]

Oh well. I lost nothing and gained boxing. Saw many prospects that going forward I am very interested in.

Till then I'm enjoying the ride

Still say 1 umbrella is the best way to go for this sport

[bigdunny1]

Not questioning the accuracy but is your contact suggesting Haymon spent over $130 mil the last qtr of 2015. Does this seem plausible given the fights he put on?

It's not just the purses but it's the production costs, and too many events. He would of been better off starting with 1 network but he bought air time on too many networks and has to fill and pay for too many shows. They have got crap tv ratings so whatever advertiser money they get is very low because ad time is solely based on ratings you pull for your time slots. They are making no money at the gate for these fights. Attendance has been terrible most of the people who have showed up only did so because they were given free tickets. This what you get when you have 3rd rate promoters who you hire for a flat fee and have no incentive to promote the fight well. They are paid up front if it fails or flops they don't own the fighters and may not get their next fights.

Haymon was arrogant thinking he could just put his big name fighters in mismatches and fans would show up and watch on TV regardless if the fight wasn't promoted well and if the matchups where terrible. That's how you lose almost 600mil in 1 year.

[hectari]

Exactly, the UFC almost went under a number of times after the Fertittas bought it. Lots of trial and error before they found a good model.

The Fertittas are billionaires, but that's their money and they weren't reckless & wasteful with it like Haymon's been. Keeping fighter pay on the lower side allowed them to reinvest heavily into the infrastructure of their company and kept the fighters hungry to make big fights on a regular basis. They also seen the value in establishing actual champions, not just title holders.

Fertitas used their own money, they only paid like 3 million dollars to buy ufc, they didnt spend much, they only started spending big money when dana white got them on spike tv a new station willing to take a chance on ufc, once that happened ufc started making hundreds of millions and then started spending millions on marketing. Fertitas are smart business men, their father started station casinos during the mafia days.

Im curious to see how pbc turns out, to me its one of the riskiest investments, haymon really put a lot of pressure on his back to try and build up a sport like boxing again. This is a very tough task, if he succeeds he will be called the savior of boxing