Looking forward to this, Lou is the man.
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Lou DiBella Goes In in New Podcast Interview
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Originally posted by about.thousands View PostA lot of good points brought up. Especially the Ali Act. Lou helped craft the Ali Act. I'm pretty sure if Haymon was violating it Lou would let him know. Also the part about promoters only having to disclose revenues after the fight. After the fighter has already negotiated his purse. Another good point was the TV rights. Haymon told Floyd that Arum was getting paid from the rebroadcast of his fights and Floyd wasn't seeing a dime. There are a lot of revenue streams fighters don't know about. As a former promoter Haymon knows these revenue streams and is able to get a part of them for his fighters.
Haymon's always been in a position to be generous. His investment risk into these deals has been minimal. When he was at HBO, he was leveraging Floyd in order to get great deals for Williams, Berto, Broner, ect. He was controlling the fight setup w/o having to deal with market pressures for the events. Today he's running off the hedge fund money, and again not having to deal with market pressures.
If Al was a regular promoter he'd probably be less willing to share with his fighters. Personally I'd like to see fighter deals work by a percentage of the overall gross for an event, in which case the promoters should be legally required to report all revenues associated with the event.
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Originally posted by Eastcoast View PostHaymon's always been in a position to be generous. His investment risk into these deals has been minimal. When he was at HBO, he was leveraging Floyd in order to get great deals for Williams, Berto, Broner, ect. He was controlling the fight setup w/o having to deal with market pressures for the events. Today he's running off the hedge fund money, and again not having to deal with market pressures.
If Al was a regular promoter he'd probably be less willing to share with his fighters. Personally I'd like to see fighter deals work by a percentage of the overall gross for an event, in which case the promoters should be legally required to report all revenues associated with the event.
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Originally posted by Eastcoast View PostIf Al was a regular promoter he'd probably be less willing to share with his fighters. Personally I'd like to see fighter deals work by a percentage of the overall gross for an event, in which case the promoters should be legally required to report all revenues associated with the event.
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Originally posted by about.thousands View PostWhat about his investment risks when he was a promoter?
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Originally posted by about.thousands View PostWhen Al was a concert promoter he paid the best. What are you basing your opinion on? It's not based on facts.
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Originally posted by Eastcoast View PostYou're referring to his very successful venture in the music business? Yes he was subjected to market pressures then, but it's also a very different model. However he did have that issue with Beyonce.
http://www.billboard.com/biz/article...-shed-light-on
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