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

[PKing]

That is shocking if true. The fall-out would be monumental and PBC would be done. What a disaster and embarassment to boxing this could be.

It's a great thing all the deals are already in place until the end of 2017!

LOL

[AddiX]

That is shocking if true. The fall-out would be monumental and PBC would be done. What a disaster and embarassment to boxing this could be.

Imagine if you were an invidivual investor and you came on boxingscene and read about how useless of a business plan PBC has been and how much everyone hates it.

And than you realize it was your money.

it will jard if not impossible to prove wrong doing here, but it's obvious IMO, getting this money and spending it as quick as possible so Haymon could pay himself his management fees, was always PBC's main goal.

He didn't care if this failed, the fighters are still under contract with him.

[!! Shawn]

Such a simple mind...

Lets try this again. PBC shows investors they have deals already in place UNDER 12 months of inception that pay 7 figures. They project that within 8 years that the deals continue to escalate significantly.

Investors say... ok, here's another $600 million. Make it happen.

This type of situation happens all the time if you haven't noticed. Ever heard of "Uber"?

LOL

LOL your understanding of venture capital makes me LOL! I been having a ****ty day, thanks for cheering me up.

So do you think a boat is an investment?

[PKing]

"Imagine if you were an invidivual investor and you came on boxingscene"

LMFAO!!!

LOL

Just... LMFAO!

Ahahahahahaha

[PKing]

LOL your understanding of venture capital makes me LOL! I been having a ****ty day, thanks for cheering me up.

So do you think a boat is an investment?

Anybody that can raise $600M and make deals across 7 networks can EASILY raise another $600M to keep the ship going.

Arum ain't one of those guys OBVIOUSLY.

LOL

[!! Shawn]

Imagine if you were an invidivual investor and you came on boxingscene and read about how useless of a business plan PBC has been and how much everyone hates it.

And than you realize it was your money.

it will jard if not impossible to prove wrong doing here, but it's obvious IMO, getting this money and spending it as quick as possible so Haymon could pay himself his management fees, was always PBC's main goal.

He didn't care if this failed, the fighters are still under contract with him.

I pointed out how clearly obvious this was when he started paying fighter triple or more their market value to fight insignificant opposition.

[PKing]

I pointed out how clearly obvious this was when he started paying fighter triple or more their market value to fight insignificant opposition.

Yet Pacquiao, Ward, Canelo, & Bradley are all paid more than any PBC fighter has ever gotten paid.

LOL

[Porter's Dad]

Imagine if you were an invidivual investor and you came on boxingscene and read about how useless of a business plan PBC has been and how much everyone hates it.

And than you realize it was your money.

it will jard if not impossible to prove wrong doing here, but it's obvious IMO, getting this money and spending it as quick as possible so Haymon could pay himself his management fees, was always PBC's main goal.

He didn't care if this failed, the fighters are still under contract with him.

I still don't think the intention of PBC was to be a big-time scam because whilst Haymon might get rich, he's rich already - and he would be richer if he could controlled the whole of boxing. That is why boxing is in such a bad state at the moment, cos Haymon wants to control the whole ****ing sport and strangle the competition.

PBC has just been a massively mis-calculated mess, and the crazy thing is, we are just fans on the internet who could see this coming from a mile off.

It has shown up the Emperor (Haymon) to have no clothes. His talent seems to lie in leveraging Mayweather to gain power, and massively over-pay his fighters. That is it. He does not understand boxing.

[PKing]

US Boxing is in the best shape it's ever been in the past 20 years thanks to Haymon.

It was going NOWHERE with Arum or Main Events.

Sad sad sad

[Porter's Dad]

I pointed out how clearly obvious this was when he started paying fighter triple or more their market value to fight insignificant opposition.

That was a strategy to lure fighters into his stable. People are naturally going to flock to the guy who will overpay you to over-matched opposition.

The big-time fighters who were already making solid bank due to career achievements, profile, fanbase etc didn't need to go to Haymon. That is why Haymon doesn't have a single big-name fighter (now that Mayweather is retired).

The problem is, once you get your fighters used to a certain level of pay, there's no going back.