Comments Thread For: Eddie Hearn Critical of Al Haymon and PBC Business Model

[Ryn0]

"The fighters are getting overpaid for non-challenging fights" says Eddie Hearn as he steers Frampton away from Rigondeaux..

The only difference between Al Haymon's and Eddie Hearn's business is a slight disagreement in how much risk a boxer should take. That, and Haymon's boxers get paid.

Frampton hasn't been with Hearn since 2013...

[playmaker]

The Edster is spot on.

Yeah!! Says the man who'se never put on a 50-50 fight. Kell Brook has never fought anyone with a pulse apart from the short statured porter where brook hung and clinged on all night long and could still manage only a very very close win. He's had brook for 12 long years now and is yet to put on a fight for the fans with him.

[b00g13man]

Huh? Joshua/Breazeale is competitive? How about Brook's last 3? Looooool. You can't make this **** up.

[Eastcoast]

Yeah... No, I don't think so. I watched the Fox card yesterday as fighters slugged it out in the 1st round and people kept saying "that's what the fans want". But how many people go to work with the risk of getting CTE or some sort of brain damage? I know I don't. I edit video all day. I think it's BS for a promoter to sit in his high chair and say fighters are getting paid too much! How do you think Freddie Roach and Ali got Parkinson's? Think Roach think he got paid too much as a fighter?

When Hearns says fighters are being paid too much, he means relative to the market value they bring in for those relative fights. Sorry, but alot of these paydays some of these fighters are getting in the PBC are just unrealistic if they were depending on the revenue they would generate for the events.

Boxing is a business that depends on people paying to watch it. You pay the fighters based on the people who are willing pay to watch them. You want people to pay, you better provide what they want.

Nobody wants fighters to end up like James Toney, broke in the pocket and mind. But this is boxing, you are going to experience some degree of head trauma. And if you want to get paid well, you need to have fans supporting you for whatever reason. In most case this involves taking real fights offer adversity.

[zerosixthree]

Frampton hasn't been with Hearn since 2013...

To be fair, not the ******est thing I've written on this forum.

[about.thousands]

He was right about slave wages? So, the solution is to overpay guys and lose money in every event? Listen, just because one fighter was undervalued doesn't mean the valuation for others was wrong or that they're slave wages. Clearly haymon is the one who has the valuations wrong which is why you see these events tanking.

Yes he was right about the slave wages. I'm not saying all fighters should make what Floyd is making but once Floyd saw what was being made off of him he was right! He proved everybody was wrong. Yet we're back at this conversation again.

When a fighters signs with a promoter he's signing to fight and win. The promoters job is to promote him. If he's doing house job (fighting & winning) and he still can't draw a crowd, the promoter isn't doing his job properly. If I promote a comedy show and nobody shows up that's my problem. Those comedians still get paid what we agreed upon. If I throw another show with the same comedians and nobody shows up I'm not doing my job. Why should the comedians pay (boxers) be based on how well I do my job? I'm paying then to tell jokes (fight). My job is to promote the event so it's successful and I make money.

[Luilun]

Haymon is like the Politicians in California minimum wage $15 an hr great for the worker but eventually the money dries business close . Same here will happen Haymon only does this cause he's using investor's money if it was his money he would pay a lot less. These investors will dry up as well as these small business in California

[Eff Pandas]

Frampton isn't with Hearn. If it wasn't for Al the Frampton-Quigg fight wouldn't have happened. Hearn had been trying to make that fight for a while. Hearn even admitted the fight got made because of Haymon.

Haymon is a threat to all promoters because he's a former promoter and knows the revenue streams. When Floyd signed with Al he showed Floyd how the promoters were working. That's why Floyd called HBO's contract "slave wages". Everybody said Floyd was crazy but in the end he was right.

I don't know where everyone gets the idea that Haymon doesn't have to worry about making money out recouping there investment. That is not how business works. Most of those claims are based in racism. If Arum or some white guy got a firm to invest in boxing they'd be lauded as great businessmen. Look at how many casinos the brothers that own UFC have bankrupted. Look at their past shady business dealings. Trump had bankrupted dozens of businesses and he's lauded as a great businessmen. Haymon's track record in business is spectacular. But a black man does something white people do everyday (get investment money to start a business) and he's supposedly doing something nefarious.

If this venture fails, it fails. It won't be there first big idea that fails. But I have a good feeling that PBC will be around as long as Matchroom and become bigger in the UK. Eddie is threatened because of Al's deals with boxnation and other competitors. And he can't get Kell a big fight. And Joshua knows America is where the big money is and where he can become an international superstar. Haymon is a threat to Hearn.

Oh **** lol, but a lot of right in this post. Arum goes to China & he's simply expanding to a new market as entrepreneurs tend to do. Haymon tries to bring elite boxing back to the people via non-premium cable & he's running a ponzi scheme. Maybe I'll be proven wrong at some future date & Haymon will be the DB Cooper of boxing & Arum will be the King of Altruism of boxing, but the reality is neither of those things are true as of today unless you are just making **** up for some reasons that might include racial prejudices.

[El-blanco]

Yes he was right about the slave wages. I'm not saying all fighters should make what Floyd is making but once Floyd saw what was being made off of him he was right! He proved everybody was wrong. Yet we're back at this conversation again.

When a fighters signs with a promoter he's signing to fight and win. The promoters job is to promote him. If he's doing house job (fighting & winning) and he still can't draw a crowd, the promoter isn't doing his job properly. If I promote a comedy show and nobody shows up that's my problem. Those comedians still get paid what we agreed upon. If I throw another show with the same comedians and nobody shows up I'm not doing my job. Why should the comedians pay (boxers) be based on how well I do my job? I'm paying then to tell jokes (fight). My job is to promote the event so it's successful and I make money.

Or maybe nobody gives a **** about the comedians you're putting on? Your basis for valuation is completely wrong and literally no business follows the model you're suggesting. So, if it's not based on revenue and how many people attend, then what is it based on? Danger? How much you like them? By your logic every fighter deserves huge money even if they aren't a draw. Using this model the sport wouldn't exist because every event would lose money and nobody would promote.

A lot of you guys on here look at things from a very childish perspective. Not only is your method unrealistic, it would actually destroy the sport because there would be no money left.

[Eff Pandas]

When Hearns says fighters are being paid too much, he means relative to the market value they bring in for those relative fights. Sorry, but alot of these paydays some of these fighters are getting in the PBC are just unrealistic if they were depending on the revenue they would generate for the events.

Boxing is a business that depends on people paying to watch it. You pay the fighters based on the people who are willing pay to watch them. You want people to pay, you better provide what they want.

There is correct & the thing that will end PBC if PBC if ends. You can only pay ~$1M or more on events that generate ~$1M or less in revenue before you go belly up. At some point if PBC can't bring in enough sponsors, gate or ultimately a TV deal they can't keep things going. And based on the details we all see I can't see how PBC is operating at a break even or profitable level right now.