Tweet
It depends. My theory is when the dust settles Haymon has to pick one side of the fence Manager or Promoter and stay there. If he picks Manager then these fighters likely get absorbed by multiple promoters. If he picks Promoter then maybe he creates his own official Promotion company and these fighters sign with managers. Hell maybe he cashes out of boxing all together. Way too many moving parts.
-
-
If PBC wanted to be like UFC then it should wait many years. The UFC was in debt until recently...
The PPV structure is what has helped it grow out of it along with sponsors mind you.Comment
-
PBC is not following the UFC model. They're following the WWF model Vince McMahon used when he took it national under one umbrella. At least that's what I see.Comment
-
I'm almost 50, and I'm very sure that DiBella has been around a lot longer than Al Haymon, so I think it's wrong to say he's a "sham" promoter. If DiBella is a "sham" promoter then so is De La Hoya. GBP was Haymon's claim to fame! I wish PBC all the success in the world, and I am enjoying watching fights like LSC vs. Mares and Thurman vs. Porter FOR FREE!Comment
-
This I ****** considering Oscar wanted the same thing just a few years backComment
-
May 7, 2015:
The first thing that came to mind Wednesday upon receiving a news release from Golden Boy Promotions that it had sued Al Haymon for violations of the Muhammad Ali Act and for employing anti-competitive business practices was that Golden Boy had done exactly the same thing for years.
Haymon for years supplied his fighters primarily to Golden Boy. Golden Boy had a stranglehold on dates on Showtime the past few years. The company had an exclusive deal with the Barclays Center in New York, shutting out all other promoters...
Lou DiBella, however, insists he's not a puppet and that he, not Haymon, promoted the April 11 show at the Barclays Center. DiBella, a former HBO Sports executive, unsolicited called Yahoo Sports Wednesday to rail against Golden Boy's lawsuit.
He worked closely with U.S. Sen. John McCain (R-Ariz.) to write the language in the Ali Act and said it's obvious that Golden Boy doesn't understand it.
He pointed out that he was born in Brooklyn, where the Barclays Center is located, but couldn't promote there for years because of the exclusive deal Golden Boy had with it.
But the April 11 PBC show at Barclays that DiBella promoted – which featured Peter Quillin vs. Andy Lee and Danny Garcia vs. Lamont Peterson – drew an arena boxing-gate record of $1,056,121. He said when he got the chance to promote there, he proved he could do better than Golden Boy.
He went after Golden Boy, particularly De La Hoya, and said the company doesn't understand the Ali Act.
"I think they are a troupe of hypocrites, not very bright and have a complete misunderstanding of what the Ali Act is," DiBella said. "I'm going to respond in two ways. One way is a kid from Brooklyn who worked hard to be where I am. The other is as a Harvard-educated lawyer who knows more about the Ali Act than anyone who worked on their lawsuit or wrote this press release [announcing it].
"So first of all, I guess [they're saying] I'm one of the puppets controlled by Haymon. Well, screw them, because I'm not controlled by anybody. I just promoted a show that sold more tickets than any show Golden Boy ever promoted at the Barclays Center, grossed more money than any show Golden Boy ever promoted at the Barclays Center and was a bigger success than any show Golden Boy did in three years at the Barclays Center."
Brett Yormark, CEO of the Barclays Center, stood up strongly for DiBella and said DiBella was clearly in charge and promoting the show, not Haymon. Yormark said he ended the relationship with Golden Boy after being unhappy with the way it was promoting shows at Barclays.
"Candidly, there are a lot of reasons I walked away from the relationship [with Golden Boy]," Yormark said. "The biggest, however, is the fact that over the course of the last year, they weren't doing a very good job with us as far as promoting, selling tickets, getting on the ground and, for that matter, putting on good fights. I felt that for the benefit of our building, I needed to go out there and become a little bit more of an open room.
" … We had very modest success from a ticket-selling perspective on our last Golden Boy show [in August], and then Lou and I started to engage. Lou has a great team. They're local. I do calls once a week with Lou and his entire marketing staff. ... He is an incredible promoter who is very much all in. Candidly, with his expertise knowing the market as well as he does, and the bandwidth and reach of Barclays Center, the fight on the 11th was the best fight we've had since we've opened."
DiBella said that for years De La Hoya benefited from the type of business practices he's now complaining about...
DiBella pointed out that his business took a hit earlier in this century when Golden Boy got an output deal with HBO Sport in which it was guaranteed a number of shows on the network even before fights were made.
Television dates are critical to the survival of boxing promoters, and Golden Boy has made exclusive or near-exclusive deals for years with both HBO and Showtime that shut out other promoters, DiBella said.
"I don't need to be insulted by a guy who has lived within the thinnest of glass houses his entire career as a promoter," DiBella said. "I find it fascinating that he and [Golden Boy co-owner] Bernard [Hopkins], when they damaged my business and a lot of other promoters' businesses through an output deal with HBO that closed the door and limited the budget incredibly for everybody else in the business.
"You didn't hear a peep from them then about anti-trust or restraint of trade. Their hypocrisy is mind-blowing."
Comment
-
It's been a hell of a year for both companies Golden Boy Promotions and PBC.
For PBC they took the almost all of the established champions from Golden Boy Promotions and made fights for free for the fans. PBC has done a mixed bag of both good and bad fights wise for fans and have opened up some doors for the talent they have.
For Golden Boy Promotions most fans and the boxing world thought they would have been out of business right. Instead they turned in a great 2015 and have continued to develop a lot the young talent they had. Oscar, Bernard, and their entire team have made lot of smart business moves to make sure that their company will be relevant for years to come.
In a perfect world this would be resolved or settled so they can help grow the sport back into the mainstream. However this isn't a reality. They both know how each other operate so to me this is going to be 50/50 on who is going to come out on top.Comment
Comment