Hauser makes himself look ******...

[Lester Tutor]

[bballchump11]

What are you talking about? Schaefer states the value for PBC dropped tremendously, that is, the value of the assets and what investors think it's worth is nowhere near where it was in early 2015. We all knew this from the infamous reddit thread, and now it's been CONFIRMED by Schaefer himself. Keep in mind how all the PBC nuthuggers defended PBC to death claiming that the reddit thread was complete crap.

Now, PBC spending tons of money was not stated by Schaefer, but that is an assumption we can all make pretty safely. We know they made 12.5 million from ad revenue, we know they are not selling tickets, we know the only company paying any license fees is Showtime, and we know that they went way overboard with the production costs and fighter purses, so how can they NOT be spending a lot of money?

Where does Schaefer say otherwise as you state? He says that valuations don't mean the money was spent, that's it. If PBC lost $150 million in year 1 that's still hemorrhaging money.

People in this thread go from "oh but they were expecting losses doe" to "oh how do you know they losing mad money doe" in the same page, it's disgusting.

The PBC is losing money, it's a fact, so what?

“I see the numbers,” Schaefer acknowledges. “People say, ‘Al has spent three hundred million dollars. Al has spent four hundred million dollars.’ But those numbers don’t mean the money has been spent. Those numbers are valuations of the assets. Assets can be valued in different ways. Assets can be written down for tax purposes. The value of a (non-monetary) asset like good will can change over time. Come on, four hundred million dollars? You can’t spend that kind of money, not even in boxing.”

In other words, the initial $528 million number could have included non-monetary assets such as fighter contracts and the value of the PBC brand. And the $82 million figure could reflect a downward evaluation of these non-monetary assets in addition to a lessening of cash on hand.

Hauser gets the point of a view from an expert and then he makes an assumption completely opposite of what that expert said. The PBC "hemorrhaging" $150 million isn't a big deal since they were financed to be able to survive for at least 3-5 years without a profit.

[PKing]

Hauser gets the point of a view from an expert and then he makes an assumption completely opposite of what that expert said. The PBC "hemorrhaging" $150 million isn't a big deal since they were financed to be able to survive for at least 3-5 years without a profit.

Exactly... it makes him look ****** when going $200 million+ in the hole was properly projected by W&R.

It's "hemorrhaging" to most of these two-bit boxing guys... it is an investment to investors that do this for a lucrative living smh

[khal-d]

because Schaeffer states it? It would be better for Hauser to ask Schaeffer on what he thinks are ideal profit margins. Haymon Sports LLC and its investors have what similar interests or assume the defacto standards of boxing should be on paid television? Does boxing have exclusivity to networks that have been running the game for long?

Of course a paid HBO consultant has practical opinions towards competitive en****** that don't respect him to begin with.

Are you dis*****g the fact that the PBC has lost money in the first year? The only question really being debated is how much did they lose.

How would Schaefer have any idea of what ideal profit margins are if he can only talk about what's public knowledge, which is the valuation. Schaefer doesn't work for PBC or for Al and won't possibly get into detailed numbers and projections with the media.

What does boxing having exclusivity to anything have to do with this? What's wrong with someone giving their opinion on something online, even if they have some beef with the other side? It says he's a paid HBO consultant right there, what's your point?

[khal-d]

Hauser gets the point of a view from an expert and then he makes an assumption completely opposite of what that expert said. The PBC "hemorrhaging" $150 million isn't a big deal since they were financed to be able to survive for at least 3-5 years without a profit.

I made up the $150 million number, that's not a fact. Many people believe that it's much more, and one of those people is Hauser.

At the end of the day, I don't know how much they lost, and you don't, all we can do is speculate but the PBC nut huggers in this thread just obnoxiously defend to the last keystroke. Just like how they went crazy about the reddit thread regarding valuation and Schaefer just completely backed that "theory" in these articles when everyone would tell them this is public knowledge available online.

[Lester Tutor]

Are you dis*****g the fact that the PBC has lost money in the first year? The only question really being debated is how much did they lose.

How would Schaefer have any idea of what ideal profit margins are if he can only talk about what's public knowledge, which is the valuation. Schaefer doesn't work for PBC or for Al and won't possibly get into detailed numbers and projections with the media.

What does boxing having exclusivity to anything have to do with this? What's wrong with someone giving their opinion on something online, even if they have some beef with the other side? It says he's a paid HBO consultant right there, what's your point?

losing money is who's business? HBO's interest to instigate on it? Oh no, that's right, hire an "objective" long term consultant to voice opinion on their behalf via subtext.

[PKing]

I made up the $150 million number, that's not a fact. Many people believe that it's much more, and one of those people is Hauser.

At the end of the day, I don't know how much they lost, and you don't, all we can do is speculate but the PBC nut huggers in this thread just obnoxiously defend to the last keystroke. Just like how they went crazy about the reddit thread regarding valuation and Schaefer just completely backed that "theory" in these articles when everyone would tell them this is public knowledge available online.

And they planned to spend money... does NOBODY get that?

It's called an "investment" LOL

[OnePunch]

I made up the $150 million number, that's not a fact. Many people believe that it's much more, and one of those people is Hauser.

At the end of the day, I don't know how much they lost, and you don't, all we can do is speculate but the PBC nut huggers in this thread just obnoxiously defend to the last keystroke. Just like how they went crazy about the reddit thread regarding valuation and Schaefer just completely backed that "theory" in these articles when everyone would tell them this is public knowledge available online.

yeah, thats pretty funny to watch. They havent the slightest idea what Haymons end-game plan is, as he has never said what it is. His plan could be to run everyone else out of business, and then cut purses 75% and do crap shows on Spike and send everything else to Showtime or PPV. These idiots dont know. But yet they babble on and on "but but but free doe" and wait for Uncle Al to ejaculate in their open mouths........

They also like to pretend that Haymon has no fiduciary duty to Waddell & Reed, and the $400 million was just a gift that never has to be paid back, not to mention profit on top of that.....

[Rich2123]

Hauser is a good writer, yeah he's biased but everyone is, and I do think it's a well written article (and very well sourced). But my god he could have used an editor here. 5 chapters to this? C'mon son.

Also, I really don't get why people think is such a hit job on Haymon. Most of this stuff had been out there before. Haymon doesn't really come off as any worse then any other businessman in this.

[PKing]

yeah, thats pretty funny to watch. They havent the slightest idea what Haymons end-game plan is, as he has never said what it is. His plan could be to run everyone else out of business, and then cut purses 75% and do crap shows on Spike and send everything else to Showtime or PPV. These idiots dont know. But yet they babble on and on "but but but free doe" and wait for Uncle Al to ejaculate in their open mouths........

They also like to pretend that Haymon has no fiduciary duty to Waddell & Reed, and the $400 million was just a gift that never has to be paid back, not to mention profit on top of that.....

You sound like a bitter loser