Haymon lost 430 million in one year!

[Eff Pandas]

The problem I've always had with the PBC was the total lack of transparency and clarity.

Thats valid. I think PBC needs someone who's a voice for them. I suspect it'll be Slick Ricky when he shows his cards in the near future from the sounds of it. I tend to believe thats been a job destined for him from the get go & its been left vacant until he jumped back in the game. Thats my assumption anyway. If Slick Ricky ends up just being a Lou DiBella character who's getting the better fights & end up being a vocal PBC promoter I think its a void that PBC isn't helping itself by leaving void.

Sure, you have haters out there (Steve Kim, others) who bask in the opportunity to bash anything PBC does regardless if it is positive or negative. However, even a positively biased observer can't make heads or tails out of how the PBC is 'making money' or hopes to. Some are right in that there is definitely more to this then just the publicly released numbers show, but from the beginning people questioned how this investment and model would make money and payoff in the end, and there still aren't any answers.

I think this is less valid. I don't think you get into a competitive environment like pro boxing & show all plans to "takeover the sport" or garner some huge TV deal to all your competitors. For the most part I think everyone already knows the end goal anyway. Money & a more logical structure to boxing eventually, but mainly for the near future just money. And there are only 3 ways to get money in boxing that I see as plausible for PBC. 1)The most likely & the one my money is on. The live sports TV money that is getting thrown around like candy during a Memorial Day parade lately. 2)And less likely. PPV like everyone else. PBC has shown lil to no interest in PPV, but who knows maybe you build these boxers up on regular TV & basic cable & you do better PPV numbers. 3)And even less likely mainly cuz its less proven. A streaming boxing network like WWE Network or UFC Fight Pass.

Unfortunately while the goal appeared to be to centralize boxing talent and the sport itself, it so far has only seemed to further fractionalize it as now we have PBC 'haters' and PBC 'fanbois'.

No one is changing the clusterf#ck of boxing quickly. And no one in the boxing business gives much of a damn about the PBC haters or PBC fanboys. People always wanna mention the extremes in boxing, but far more people are in the middle & far more people than that have an interest in boxing that hasn't been fulfilled by most people operating in the boxing business the last few decades with its lack of mainstream appeal for people without the desire to spend $50+ to watch a fight or without premium cable. And the fact that that has been the reality for a couple decades & boxing is trying to bring old boxing fans back to boxing and create new boxing fans in a world where people are talking about microaggressions is no quick or easy task.

[Eff Pandas]

All PBC has accomplished is fracture the sport creating divides among fans

How did they do that? Don't understand what you mean really either I guess.

[al-Xander]

Yup the money is drying up that's why you seeing so many of his top fighters basically having the longest layovers of their careers. Fighters with no injuries are fighting now once a year because PBC can't afford to pay them. You pay guys 1 mil to fight bums last year you now have to ask them to take a major paycut or sit out while you try and get Showtime to pony up the money. He has all the PBC network dates that he already paid for he just can't afford to pay the top fighters so that's why these shows are headlined by prospects and B and C class fighters while the A list guys are sitting on the sidelines. See Jacobs after a career win in Dec in a fight that went 1 round and he suffered no injury won't fight again until MAYBE sept losing all the momentum he earned from that fight. These guys were all fighting more regularly BEFORE PBC. They fought many times initially on PBC when they had money. But the money is running low and now all the top guys are basically once a year fighters. Danny fought in Jan and it's Aug and he still don't have fight lined up and Haymon owns ALL OF THE TOP Welterweights.

One young prime fighter on top being inactive is one too many. Garcia, Thurman, Porter, Peterson, Broner, Quillin, Jacobs... Man, what the hell happened?

[al-Xander]

Jacobs could have fought the next day after the Quillin fight. No scratches, no injuries. This is becoming a trend in the Haymon camp now.

Investors are losing their money. No solution is being taken.

[MaksBox]

Does stink of collusion,

But i don't think its a terrible idea,, there is huge potnential in boxing and could have easily been worth billions of dollars in the future. Unfornately the execution and strategy were wrong. The idea wasn't bad, just the management of it. Especially if you're only spending less than 1%, little risk but huge rewards in the grand scheme of things. PBC should have tried to be like UFC, instead it's the same old boxing politics just on a different channel

Honestly, we need more great fights that EVERYONE talks about... and that is not happening much anymore.

Everyone tuned in to watch Tyson. The Pinoy community all stand behind Pacman.

Right now? I don't think in the United States. In England you do have what seems to be a ressurgence. In Russia, ***** is investing a LOT of money into boxing schools. etc.

Name a great American champion? Wilder? 99% of Americans have never heard that name.

With PBC... I value what they were trying to do. Unfortunately, as others have said, piss poor execution. Overpaid for fights and Haymon seemingly used investor money to fund his own lifestyle.

[big_james10]

http://www.fightopinion.com/2016/08/08/boxing-al-haymon-*******-430-million-waddell-ivy/?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+fightopinion+%28FightOpinion. com+-+Your+Global+Connection+to+the+Fight+Industry.%29

Holy ****!

How is that even possible, I knew he was blowing money but 430 mill!?

Thief!

This is bulls...t!

[big_james10]

Yup the money is drying up that's why you seeing so many of his top fighters basically having the longest layovers of their careers. Fighters with no injuries are fighting now once a year because PBC can't afford to pay them. You pay guys 1 mil to fight bums last year you now have to ask them to take a major paycut or sit out while you try and get Showtime to pony up the money. He has all the PBC network dates that he already paid for he just can't afford to pay the top fighters so that's why these shows are headlined by prospects and B and C class fighters while the A list guys are sitting on the sidelines. See Jacobs after a career win in Dec in a fight that went 1 round and he suffered no injury won't fight again until MAYBE sept losing all the momentum he earned from that fight. These guys were all fighting more regularly BEFORE PBC. They fought many times initially on PBC when they had money. But the money is running low and now all the top guys are basically once a year fighters. Danny fought in Jan and it's Aug and he still don't have fight lined up and Haymon owns ALL OF THE TOP Welterweights.

You are right. These guys were fighting more regularly before they joined PBC. Danny Garcia probably fought two to three times per year for Golden Boy. Garcial also stated that the most he ever made in a fight for Golden Boy was $12,500. So, which is better (for the fighter, not for you) -- fighting once a year and getting paid $1.2 million or fighting three times in a year and getting paid $40,000 for all three fights?

[KingHippo]

Thread title is misleading. The fund which PBC was part of lost 430 million, not Al Haymon or PBC itself.

[Eff Pandas]

Honestly, we need more great fights that EVERYONE talks about... and that is not happening much anymore.

PBC had most of the FOTY contenders in 2015. What are you talking about? The problem is boxing needs to create an entirely new fan base cuz no one knows who the f#ck Terrence Crawford, Keith Thurman or Deontay Wilder is any damn way. There is no value in these "great fights" cuz only the hardcore fans know that Thurman vs Porter is a meaningful fight. This is a looooooooong game folks. I don't know why people don't grasp that. There are stories out there by impartial 3rd parties & biased parties alike where it outright says that PBC's plan is a several years long plan.

Haymon seemingly used investor money to fund his own lifestyle.

LOL whats Haymon's "lifestyle" flip phones, Reservoir Dogs suits, dark curtains so no one can see him peeking out from behind them from his living room, a chicken dinner with his mom & a "date" with Bailey Jay? Cmon man Haymon is one of the brokest living, humblest, giving a f#k about people, in particular boxers, rich guys I've ever seen. Haymon isn't talking on his money phone to 50 Cent or wiping his ass with Franklin's.

[Eff Pandas]

You are right. These guys were fighting more regularly before they joined PBC. Danny Garcia probably fought two to three times per year for Golden Boy.

Garcia's been on the 2 fights per year schedule for 4 or 5 years at this point I think. I question Garcia's desire to be the best boxer in the sport which is not a claim I make about virtually anyone at his level. Garcia's issues go well beyond PBC's plan (in general or for Garcia) or cashflow.