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

[al-Xander]

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.

See what I meant? Your uncle was mentioned in the lawsuit, dummy.

[bigdunny1]

People bringing up MLS TV deals that took 20 years to get and even their latest deal if PBC got that (which they won't) would mean PBC MIGHT break "even" in 10 plus years. Are you people serious? First off as bad as we laugh at MLS it is the number one sport in the world and the ONLY American professional soccer option. And because it's a TEAM sport league it has revenue streams that simply don't exist for PBC. If you live in a city that has MLS you can go to your water cooler and find someone who has heard of that team and maybe a few people that can talk to you about it. Try going to your water cooler and bringing up PBC. ESPN which is a partner of PBC doesn't even air highlights of these fights or talk about them but as bad as we laugh about MLS you can see find highlights of MLS on Sportscenter. And MLS is not overspending like PBC is. It's a much cheaper product to maintain.

You have a normal PBC card where they pay the fighters MORE then a entire MLS team pays all their players for the entire season. And even if you ignore the fact MLS is cheaper to run, has more revenue streams, and they started as a small league with tight budget and kept growing until 20 years later they got a big TV deal even if you ignore all that and PBC got the exact same deal they don't recoup and break even till OVER 10 years!

[Eff Pandas]

The formula 1 plan was actually a good one and was profitable.

It was seen as a high risk/high reward plan at the time & it wasn't profitable overnight. And no one really knows the plan with PBC so who knows if its a good one or not. I mean Haymon is kinda secretive if you haven't noticed.

I'm still in a wait & see mode with all this. I fully understand its more fun to proclaim it a failure or a success, as some are even doing, but I think this is largely a to be decided outcome that the failure people or the success people will proclaim was what they were saying the whole time like its some biblical **** when the outcome is decided.

[El-blanco]

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.

He paid for those TV slots. I'd hardly call that "convincing." It's also easy to make up expenses when you have access to a lot of other people's money.

[MDPopescu]

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.

... There will be no next hustle for him, for sure...
... Now I try to figure out just what will happen to his "stable"...

[bigdunny1]

Also not sure if people realize this but PBC is not the only source of boxing. FS1 before the PBC deal had a deal with Golden Boy when it ran out they went with PBC not because they were upset with Golden Boy's performance but because they paid a tiny amount for Golden Boy but PBC offered to PAY them so it was a no brainer. Well PBC has not improved on Golden Boy's ratings matter fact they get virtually the same ratings despite Golden Boy operating on a infinitely smaller budget. So when PBC can't afford to pay for the time buy anymore if they want live boxing why overpay for PBC when you can go with the cheaper Golden Boy? Same with these other networks that have PBC now they can go to Golden Boy, Top Rank, or any other promoter for live boxing.

Hell they can even do like ESPN and create their own Friday Night Fight serious and produce the show themselves and just pay promoters and fighters on a fight by fight basis. Speaking of ESPN once PBC is over why overpay for PBC when you can just bring back FNF? They are not the only provider of of professional boxing. Networks have cheaper options for programming and other options and even live boxing. But dummies think networks will be lining up to spend hundred million dollar TV deals for a bad performing PBC product that nobody but a few people on these boards care about. LMAO

[Eff Pandas]

See what I meant? Your uncle was mentioned in the lawsuit, dummy.

Again whats that got to do with dummies & their money???? These people invested in a fund that has low, moderate & high risk investments. One of these high risk funds invested in something high risk & lost allegedly ~$500,000,000 for a fund that is $100,000,000,000+ from my understanding. Thats like losing half a penny on every dollar. And thats the business. These guys are doing a ton of investments at all levels of risk & the high risk ones are gonna lose way more often then they win, but the goal is the ones that do win will make enough money to cover those half a penny on the dollar loss investments + allow for some profit. And this guy had done that for a decade with these types of investments with massive success.

For these dummies sake I hope they at least pulled out there money cuz lawsuits against a stock tends to just have the consequence of lowering the value of it even further lol.

[bigdunny1]

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.

Exactly. This dude is off his rocker comparing this PBC dumpster fire to other more successful en****** that actually had a sound business plan. PBC never made sense from day one and has lost almost all their money in just 1 short year of airing fights and is now mentioned in about half dozen lawsuits and the investors who are actual stakeholders in this mess and are given more access to numbers and figures for PBC that have not gone public and they see the red flags and are furious and suing. But nope that means nothing because MLS which is not at all comparable 20 years later got a TV deal that PBC will never get and even if they did will mean they would break even 10 years from now. Now he's bringing up Formula 1? SMH

[El-blanco]

It was seen as a high risk/high reward plan at the time & it wasn't profitable overnight. And no one really knows the plan with PBC so who knows if its a good one or not. I mean Haymon is kinda secretive if you haven't noticed.

I'm still in a wait & see mode with all this. I fully understand its more fun to proclaim it a failure or a success, as some are even doing, but I think this is largely a to be decided outcome that the failure people or the success people will proclaim was what they were saying the whole time like its some biblical **** when the outcome is decided.

High risk, yes, ******, no. This was a high risk ****** investment with no real chance of being profitable. People can accept high risk but only if there is a real chance of a great reward, such as a mining company. That's an investment people can appreciate. This was just silly from the beginning.

[Eff Pandas]

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.

And this is a highly successful investor who's surely talked to 1000's of people honest or not who wanted his money & is listed as one of the best ROI's in the business by Morningstar. And that advisor fee that everyone slips into Haymon's bank account has been discussed & it appears it goes right back into the Waddell investment. I'm sure Haymon is on the payroll, but I'm guessing its not for the advisor fee.

And I stand corrected. Ryan Caldwell still works for PBC as an advisor as well as runs his own investment fund now. So if you really wanna play conspiracy theory lets wait til PBC goes broke on Waddell's money & starts taking Chiron's money lol.
https://www.linkedin.com/in/ryan-caldwell-8780a511

Being that Caldwell is still an advisor with PBC + runs his own investment fund I'd be willing to bet whatever happens with Waddell's investment with PBC there will be a 2nd round of investments later on via Chiron or friends of Caldwell so I got more confidence in the long game here then I did with all this Waddell fallout news.