Waddell investment down to the last 82M? OUT of (521M)
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not sure how credible those tweets are but if Eastcoast is correct
Then things are so bad this quickly that PBC is going to try and get their investors to double down and throw more money into a sinking ship and now Haymon might be forced to sell off and release fighters in his stable? And how can one source say NBC is coming back but only 6 fights but FOX will be the only exclusive network? That makes no sense somebody has be wrong because those 2 reports conflict with each other. Either way this is getting good. Not even a full year in and already Haymon forced to either scale down and turn this into a friday night fights type situation because right now PBC is too expensive even though idiots debated that it didn't matter but here more reports that he can't afford fights like Thurman vs Porter or Jacobs vs Quillin and people scream we want better matchups if this is true then all those fights are going strictly to Showtime and not free TV and he will be filling out PBC cards with cheap B and C class fighters. Unless he forces all his A class fighters to take major pay cuts good luck with that. Wow how did it all turn bad this fast LMAOLast edited by bigdunny1; 02-02-2016, 03:51 PM.Comment
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Boxing Leaks – @BoxingLeaks
@T_one_hundred greysymphony steveucnlive I don't know. But PBC having trouble matching Khan. This isn't so bad for them.
Dan Rafael
7m7 minutes ago
Dan Rafael @danrafaelespn
The Haymon spin from his misinformation officer about his involvement in #CaneloKhan is hilarious. Get outta here with that nonsenseComment
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not sure how credible those tweets are but if Eastcoast is correct
Then things are so bad this quickly that PBC is going to try and get their investors to double down and throw more money into a sinking ship and now Haymon might be forced to sell off and release fighters in his stable? And how can one source say NBC is coming back but only 6 fights but FOX will be the only exclusive network? That makes no sense somebody has be wrong because those 2 reports conflict with each other. Either way this is getting good. Not even a full year in and already Haymon forced to either scale down and turn this into a friday night fights type situation because right now PBC is too expensive even though idiots debated that but here more reports that he can't afford fights like Thurman vs Porter or Jacobs vs Quillin and people scream we want better matchups if this is true then all those fights are going strictly to Showtime and not free TV and he will be filling out PBC cards with cheap B and C class fighters. Unless he forces all his A class fighters to take major pay cuts good luck with that. Wow how did it all turn bad this fast LMAOComment
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Boxing Leaks
Boxing Leaks – @BoxingLeaks
@T_one_hundred greysymphony steveucnlive I don't know. But PBC having trouble matching Khan. This isn't so bad for them.
Dan Rafael
7m7 minutes ago
Dan Rafael @danrafaelespn
The Haymon spin from his misinformation officer about his involvement in #CaneloKhan is hilarious. Get outta here with that nonsenseSaid Tim Smith, Vice President of Communications for Haymon Boxing: “Al was involved in the process all the way through with Khan’s people."
— Mike Coppinger (@MikeCoppinger) February 2, 2016
The Haymon spin from his misinformation officer about his involvement in #CaneloKhan is hilarious. Get outta here with that nonsense.
— Dan Rafael (@danrafaelespn) February 2, 2016
Mike Coppinger is a tool.Comment
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Yup if they started smaller could of built slowly, lowered costs which gives you more time to promote each event and limit the negative losses. Now they might be too late for a shift like this to matter because they are clearly hundreds of millions in the red and need a miracle to break even let alone get a return on their investment for Waddell & Reed. And it's never good when you burn through investment money this fast and then force to ask them to double down and put some more money in this quickly. But if they have to let numerous fighters out their contracts and force others to take pay cuts that will have a domino effect on what fighters stay with Haymon or future fighters that sign to him. For example we have not heard any of the young talent being signed up to Haymon not like we saw last year to 2 years. While for example Golden Boy has in about 1-2 weeks locked up numerous blue chip prospects, former Olympians, top boxing amateurs. Guys they likely would of been outbid by Haymon for. This makes sense if the money is getting dry. But what long term effects if a mass amount of fighters start leaving to rival promoters.Comment
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Insiders expect to be saved by a Fox deal, which they hope will inspire W&R to double down (not with another $500M but some form of bridge).
— Boxing Leaks (@BoxingLeaks) February 2, 2016
Discussion w/Fox about license fee for 24+ events. PBC then exclusive to Fox. Would scale back vision but show progress to investors.
— Boxing Leaks (@BoxingLeaks) February 2, 2016
Expect Haymon roster to be pared down. Lower-end fighters to be released from Haymon contract. This is an insider confirmed reshuffle step.
— Boxing Leaks (@BoxingLeaks) February 2, 2016
Green k sentComment
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Insiders expect to be saved by a Fox deal, which they hope will inspire W&R to double down (not with another $500M but some form of bridge).
— Boxing Leaks (@BoxingLeaks) February 2, 2016
Discussion w/Fox about license fee for 24+ events. PBC then exclusive to Fox. Would scale back vision but show progress to investors.
— Boxing Leaks (@BoxingLeaks) February 2, 2016
Expect Haymon roster to be pared down. Lower-end fighters to be released from Haymon contract. This is an insider confirmed reshuffle step.
— Boxing Leaks (@BoxingLeaks) February 2, 2016
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Dan is on a roll today. Just tweeted
Dan Rafael
Although AmirKingKhan has not signed with GoldenBoyBoxing beyond the Canelo fight I am told they are talking about a longer term deal.
It seems almost impossible to think Khan and Haymon will work together again after this. Khan just gave a major F U to Haymon and signed to fight with his mortal enemies who are suing him for 300mil and trying to shut PBC down on the Network he bans his fighters from fighting on. And now reports that Khan is talking with Golden Boy to sign long term.Comment
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