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

[Eff Pandas]

It's really not hard to pay attention to ratings trends. Do you watch any thing else on tv, other than boxing? If you do, then you could understand how and why shows get renewed or canceled. The same principal applies to PBC shows.

Are you looking at live sports doe? I think there is a huge difference between Game of Thrones, American Horror Story, repeats of Cops & live sports is the thing. Go look at what the MLS deal or the NHL deal looks like with their ratings & tell me about PBC "getting canceled". I don't think the difference between the TV deals MLS & NHL have & what they are doing + what boxing on TV is doing is that big.

Like I said I'm no TV expert so I can only theorize or quote others on what the value is in live sports, but if many of these live sports lived or died based on their ratings vs GoT, AHS or even Cops repeats they'd been canceled long ago. Meanwhile the MLS has been on TV for 20 years with dwindling ratings since their inception more or less.

Maybe your right & boxing's time has just passed & MMA will become the only combat sport sports fans will care about like Boxing was for decades since TV was invented, but I feel there is still value in boxing & its just what that value is & if that is worthwhile to PBC. Maybe I'm wrong. Or maybe its just not the right timing for boxing on regular TV & PBC needs to pivot its business plan to something that divides itself between premium cable (the home for boxing for a couple decades) & regular TV as it coaxes new & former boxing fans back into the fold. Who knows. I just know I don't feel like its doomed like many say & many have hoped for since the start oddly.

[Eff Pandas]

A guy invests a shit load of other people's money in a risky venture that doesn't make sense to anybody, then goes to work with the guy he gave all the money to, and you're saying that the investors are the ones who're out of order?

I don't know the facts of that situation so I can't answer that question. I know I've heard disputed takes on it from what these people are suggesting to this person was pushed into taking the position with PBC by Waddell. I know Ryan Caldwell no longer works for PBC & has another multi-billion fund he's managing now.

A question for you, if there is such an obvious case shenanigans were going on why didn't it go forward at the federal court level (who I believes usually deals with **** like this)?

[El-blanco]

If these dummies didn't know what they were investing in who's fault is that? This is clearly a group that invests in many things including high risk/high return companies. The fact these dummies already got their case thrown out in federal court is a good sign that it'll get thrown out of state court too. There are always rich people who are looking for ways to retrieve money lost or to avoid any risk whatsoever. People with a lot of money are always looking for ways to make more money & lose less money on a caliber most people can't even fathom.

I bet the success rate with lawsuits like this is less then 10% cuz its mostly just butthurtness by new investors or people who lost a bunch of money on something that went south as investments tend to do quite often actually.

i don't think you understand how funds work. There is about 100 stocks, bonds, etc. in these funds and the investor is under the impression that they are all low to moderate risk. That is how the fund is advertised. Most people don't even know what the hell are in their funds, they trust that the firm is doing what they said they would do and allocate the funds to safe ventures. These people didn't agree to invest in PBC, the firm allocated the funds there.

Nobody in their right mind would agree to throw nearly a billion dollars at something that might break even in ten years and that's not even a guarantee. There are so many better options in the investment world. The firm basically broke the trust of the investor. And before you accuse these people of all being rich, they are not. Most people who invest in these type of big, safe, funds, usually do it because it's a safe investment and use it as their retirement fund.

[Eff Pandas]

A guy invests a shit load of other people's money in a risky venture that doesn't make sense to anybody, then goes to work with the guy he gave all the money to, and you're saying that the investors are the ones who're out of order?

The guy did the same thing in racing & made the same fund a ****load of money. He's been one of the most successful fund managers over the last decade & is in charge of a whole other multi-billion fund now. Now its a **** plan cuz it didn't make money within 14 months. Same guy invested 1.5B into formula one & killed it, but it took longer then 14 months to do that. This fund is a multi-billion dollar fund. You don't lose as much value as this fund has lost cuz half a billion or even this new $925M number these dummies are talking about.

[al-Xander]

If these dummies didn't know what they were investing in who's fault is that?

Wow. Haymon can do no wrong with these fanboys. They'll blame HBO, Arum, everyone, except uncle Al. You'll never get to see them talk about remedies to stop the bleeding. They're okay with uncle Al making Lara, who can't draw flies, headline cards fighting cab drivers. They're okay with Haymon wasting other peoples' money.

It's the investors fault doe.

[North Star]

For some time I've tried to figure out what kind of revolutionary business model he might have come up with... Now I'm beginning to think that it was a good old hustle and no more...

I agree. I mean the guy gets a managers fee on the purses as well, and it's not his money being used to fund the business. Might as well spend and grab up as much money as you can, then move on to the next hustle.

[Eff Pandas]

i don't think you understand how funds work. There is about 100 stocks, bonds, etc. in these funds and the investor is under the impression that they are all low to moderate risk. That is how the fund is advertised. Most people don't even know what the hell are in their funds, they trust that the firm is doing what they said they would do and allocate the funds to safe ventures. These people didn't agree to invest in PBC, the firm allocated the funds there.

Nobody in their right mind would agree to throw nearly a billion dollars at something that might break even in ten years and that's not even a guarantee. There are so many better options in the investment world. The firm basically broke the trust of the investor. And before you accuse these people of all being rich, they are not. Most people who invest in these type of big, safe, funds, usually do it because it's a safe investment and use it as their retirement fund.

Bro this same guy, did the exact same thing with Formula 1 racing. That was a high risk high reward plan. And it was more money.

And go look at their website. These cats are all over the place. They invest in low, moderate & high risk **** like anyone with several billion dollars & a brain would do.

[Eff Pandas]

Wow. Haymon can do no wrong with these fanboys.

Whats Haymon got to do with dummies with money? Anyone knows investments are risks. Anyone who checked out Waddell's prospectus knows they invest in low, moderate & high risk ****. They got a ton of money. It'd be ****** of them to invest in bank cd caliber **** with an 12 digit bankroll ffs. This ain't that complicated.

[El-blanco]

Bro this same guy, did the exact same thing with Formula 1 racing. That was a high risk high reward plan. And it was more money.

And go look at their website. These cats are all over the place. They invest in low, moderate & high risk **** like anyone with several billion dollars & a brain would do.

The formula 1 plan was actually a good one and was profitable. The PBC plan was a bad one from day one and risky. Of course people are going to be pissed about something not only being risky but also very ******. You can't do both in the investment world.

[Sweet Jones]

I agree. I mean the guy gets a managers fee on the purses as well, and it's not his money being used to fund the business. Might as well spend and grab up as much money as you can, then move on to the next hustle.

So, Haymon managed to convince an investor to make 500M available to him on his proposal, convinced multiple cable channels and networks to air his product (a market that most of them have been out of for years), AND convinced fighters to believe in the PBC vision, and you think he did all that as a 'hustle' for his 10% advisor fee?

Come on, bruh.