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

[bigdunny1]

Obviously don't know the #s just guessing

But I have a tough time believing that PBC ran through 450 million in 10 months.

I can Haymon was buying private planes

https://uk.flightaware.com/resources/registration/N270MC

Just a ridiculous amount of spending for purses, promotions, production costs, PBC has a full staff, and there was literally no money coming in. They were giving away tickets for free making nothing on the live gate ect. As bad as they failed you almost wonder if this was just a scheme to steal money from the investors that's how badly this plan was executed. People said they had money to last 2-3 years with time buys and like 10 months in we hearing they damn near broke.

[bballchump11]

A nice shut out from the Glaze man himself lol @steveucnlive pic.twitter.com/zg3RJQ49kB

— BOXING FANATIC (@BoxingFanatic__) February 12, 2016

lol Steve Kim

[bigdunny1]

Take a look at Showtime's non-Haymon related fight schedule and let me know if you still hold that position.

Haymon ain't going nowhere. He still has the ability to provide the best (and most) 'content' in the sport.

Difference is Showtime knows Haymon has nowhere else to go now. Showtime could open up their doors to other promoters like they did before they got in bed with Haymon. If this fails the days of Haymon holding a gun to Showtimes head to get huge purses for his fighters are gone. 2 major chips have been taken from him. He can't leverage Mayweather anymore he's retired and he can't threaten to take his fighters elsewhere. Showtime couldn't move on last year when Haymon screwed them over not without first knowing how this PBC thing would shake out. If this fails Haymon is stripped of a lot of his power in boxing. And Haymon does NOT provide the best. The biggest names are all signed elsewhere. He owns NONE of the top 10 p4p best fighters in the world. His fighters will have to cross that network/promoter line to face the BEST.

[Sweet Jones]

Well you should care because these outrageous purses has led Adrian broner to saying he wants five million to fight Garcia. It's set a bad precedent by overpaying for mismatches , now these guys want millions more for a competitive fight. Reign in the spending and stop spoiling these guys and we will get fights that are worth a damn. Make them earn their big pay days like guys did in the past. There's too many fanboys on here who think boxers are heroes and deserve millions just for existing. This is what has led to the current terrible state of boxing on all platforms.

You keeping talking about fighters being 'overpaid', so maybe you can answer this for me: WHO exactly should get the money that is saved by 'reigning in' spending on that is 'spoiling these guys'?

In other words, if say Mayweather and Pacquiao's take were capped at 40 mil a piece for their fight, WHO should have gotten that other 120 mil the fight generated? The networks? The Cable distributers? The promoters? If not the fighter themselves, who in boxing should be getting a bigger cut?

Thank you in advance for your response.

[-PBP-]

I ain't gonna lie. I have noticed a big slowdown in the number of cards and an absence from ESPN and Spike. BUT, that could have a lot to do with NCAA basketball and March Madness coming up which will dominate most of the sports networks. So I will wait until April to see if that changes.

[bigdunny1]

You keeping talking about fighters being 'overpaid', so maybe you can answer this for me: WHO exactly should get the money that is saved by 'reigning in' spending on that is 'spoiling these guys'?

In other words, if say Mayweather and Pacquiao's take were capped at 40 mil a piece for their fight, WHO should have gotten that other 120 mil the fight generated? The networks? The Cable distributers? The promoters? If not the fighter themselves, who in boxing should be getting a bigger cut?

Thank you in advance for your response.

Floyd and Pacman are the exceptions. The problem is these Haymon guys got overpaid to the point where the events LOST money. To the point where it shut down future fights in house or against other promoter fighters. You have C and B class fighters making 1 mil to fight a tomato can in an event that loses 5mil. And now that C/B class fighter refuses to fight a decent fighter unless he's now paid 2-3mil so no future quality fight can financially be made. It's a business model that PBC is proving can't sustain itself.

[Sweet Jones]

Difference is Showtime knows Haymon has nowhere else to go now. Showtime could open up their doors to other promoters like they did before they got in bed with Haymon. If this fails the days of Haymon holding a gun to Showtimes head to get huge purses for his fighters are gone. 2 major chips have been taken from him. He can't leverage Mayweather anymore he's retired and he can't threaten to take his fighters elsewhere. Showtime couldn't move on last year when Haymon screwed them over not without first knowing how this PBC thing would shake out. If this fails Haymon is stripped of a lot of his power in boxing. And Haymon does NOT provide the best. The biggest names are all signed elsewhere. He owns NONE of the top 10 p4p best fighters in the world. His fighters will have to cross that network/promoter line to face the BEST.

Like who? And who will those fighters fight? And why aren't they already queued up for Showtime, considering PBC has been in flight for almost a year now?

These are simple enough questions.

[Sweet Jones]

Floyd and Pacman are the exceptions. The problem is these Haymon guys got overpaid to the point where the events LOST money. To the point where it shut down future fights in house or against other promoter fighters. You have C and B class fighters making 1 mil to fight a tomato can in an event that loses 5mil. And now that C/B class fighter refuses to fight a decent fighter unless he's now paid 2-3mil so no future quality fight can financially be made. It's a business model that PBC is proving can't sustain itself.

Please read what I actually responded to.

The person I responded to made no mention of fighter purses in relation to an event being profitable. They simply railed that fighters were overpaid and need to 'earn their big pay days like guys did in the past'.

[Tomjas]

How much money did haymon really lose??

Haymon is not spending his own money on PBC.

He takes a % of the money invested by others as a management fee and does so irrespective of whether PBC is making any money

If he is having personal financial problems then it is due to issues other than PBC

[R_Walken]

I can Haymon was buying private planes

https://uk.flightaware.com/resources/registration/N270MC

Just a ridiculous amount of spending for purses, promotions, production costs, PBC has a full staff, and there was literally no money coming in. They were giving away tickets for free making nothing on the live gate ect. As bad as they failed you almost wonder if this was just a scheme to steal money from the investors that's how badly this plan was executed. People said they had money to last 2-3 years with time buys and like 10 months in we hearing they damn near broke.

How do you even find this sh:it ?

Your like a PI. Be honest how much does Golden Boy pay you, is it weekly or is it by the word.

They do have $ coming in, Are they losing $ yeah but I have a tough time believing they went through 450.

Just wondering when you think they'll close the doors because if they ran through 80% they should only be around for a couple months right.

We'll wait and see