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

[aldo5408]

gonna need a better source than a guy from reddit

I don't need a better anything. I trust my source if you don't like it then gtfoh

[djt117]

To no surprise people are Ignoring your post which is exposing that "Reddit Guy" and they're trying to run with this and have discussions about this like it is true. This forum is HILARIOUS!

So they actually blew through 10% less money.

They've still blown through a ****load of money

[daggum]

thurman-porter isn't even pbc. it's showtime on cbs. haymon resorting to using showtime's money because he gave all of his pbc money to lara for his bum fights

[djt117]

gonna need a better source than a guy from reddit

The source is the Waddell & Reed website -- "Jim Wilson" (a reddit user) simply took that public information and disseminated it in terms that a layperson could understand.

[daggum]

So they actually blew through 10% less money.

They've still blown through a ****load of money

they didn't blow through it. stop hating. they captured the public's imagination and now the public is salivating to watch more pbc boxing! got um hook line and sinker when does lara fight next!

[about.thousands]

Just like his last post when somebody starts asking the hard questions he goes from a sure thing to "assuming"

https://www.reddit.com/r/Boxing/comments/437dl6/waddell_reeds_investment_in_haymon_82_mil/czgjxtl

[hectari]

Haymon is a very mysterious character, Im very curious to what his ultimate plan is, he is clearly taking a huge gamble a risky and ambitious move, in business you have to take risks you either fall hard or succeed becaue nothing is guaranteed.

Maybe he is just a good pitch man? he was able to get HBO for years to over pay his fighters namely Andre Berto, by giving them false promises and not delivering, until HBO gave him the shaft.

I don't know Haymon sounds like a swindler to me, but I won't just label him that yet, he is def suspect, who hides in the shadows like this refuses to do interviews, makes you wonder what he is hiding? It would be more profitable if he was talkative like a Dana White or Don King.

One purpose I can think of him buying out TV time on different networks is to see if the Networks fight over the rights to PBC and thinking he can take the highest bidder, so far it doesn't seem like any of the networks are bidding out the competition, UFC got a hundred million dollar deal from Fox, maybe that is what PBC is looking for one station to outbid the others and take PBC on a network multi year contract deal?

[HanzGruber]

thurman-porter isn't even pbc. it's showtime on cbs. haymon resorting to using showtime's money because he gave all of his pbc money to lara for his bum fights

i see people keep saying this, and fat dan talked to espinoza, but pbc still promotes the fight on twitter as such.. but guess well see

[BIGPOPPAPUMP]

I've heard AT MOST they blew through 150-200 million and most of that was for the time buys which keep in mind are 2-3 year deals so those are paid for. These guys are not being paid enough to be paid anything more than that. Even Garcia-Guerrero, each of them got 1.5 to 1.2 million. Some of the fights are landing on Showtime, CBS and those are paid with rights fees. Plus you have to factor in the ad money. They keep 100% of the ad money from those time buys and they seem to be securing more and more ads when you watch their shows.

That's not to say they won't go bust, but I think some people are exaggerating the facts to fit their agenda.

[El-blanco]

Just like his last post when somebody starts asking the hard questions he goes from a sure thing to "assuming"

https://www.reddit.com/r/Boxing/comm...82_mil/czgjxtl

What hard question? The portfolio itself shows that media group holdings series H is down to 82M or 91M depending on how they themselves valued it. That's not an assumption, that's a fact that their website indicates. So, whether they lost all that money on boxing or on some other venture is not the point. The point is the money allocated for pbc is at a certain number and has lost a significant amount. Is that all the money they have left? Maybe, maybe not. The guy just reported what the Waddell website indicates. Interpret the implications how you like.