Comments Thread For: Golovkin's Promoter Responds To Claims By Canelo, Golden Boy

[R_Walken]

If Golovkin is such a great earner, why does K2 never release even estimates for what the event gates are? 2 tickets for $20 maybe a bigger part of K2's business than they want to admit?

You really think that his gates do 170k , come on man don't be a ******

I'm sure once you add in the gate, sponsors, Lisence fee, international broadcast right and what ever else K2 is doing alright but to act they're losing money is ******. Do you have any facts to back this up or you go on full emotion

This isn't a Rigo situation where he Brings literaly pennies and a a.ss kicking to the table

[DannYankee]

Well what the fk is going on... these promoters trying to be super negotiators negotiate themselves right out of fights sometimes.

[Scipio2009]

Canelo is to pacquiao as ggg is to cotto. That fight was split 65/35 sounds about right with me. Mind you I'm not saying ggg is a bigger star than cotto nor is canelo bigger than pacquiao, but the relation is the same.

Cotto brought a Puerto Rican buying audience with him, which helped justify the split (add in that Cotto's fanbase also bought tickets).

What does Golovkin bring to the table? He doesn't bring a nation buying PPVs or casual fans (the Lemieux flop, after nearly four years of work on HBO, made that clear), he doesn't have monster ticket sales (staging the two Forum fights, initially, for 12k fans, in addition to the discounted tickets for MSG made that clear), and he doesn't come into the fight with any real acclaim of being a monster fighter (having not fought anyone yet, with Kell Brook arguably having been his best opponent).

Alvarez-Golovkin doesn't do much more business that Alvarez-random middleweight, so why would Canelo literally give up more than twice what he's ever given to any opponent for a fight?

Pacquiao was a bigger star than Cotto, but Cotto wasn't a non-entity. Golovkin is a bigger star than Erislandy Lara is; I sincerely doubt, though, that Golovkin is three times or four times the star that Lara is, and Lara only got a disclosed $1m for the fight.

[Eastcoast]

K2 loss money on the Golovkin-Lemieux fight; there's almost no way where you could pay Golovkin $2m, pay Lemieux $1.5m, pay for the rest of the televised/untelevised fight card, pay the costs needed to stage/promote the fight, and make money off of 100k PPV buys (even if the K2 "150k PPV buys" number is real, that'd still be $3.5m into the pot, with the costs of everything else, beyond the main event, still to cover).

K2 is 15 fights into their run with Golovkin.

keep your head in the sand if you want.

Did you see K2's books? No, so that means you don't know what you're talking about.

The US ppv generated $8mill, which after tv cut that's a $4mill pot. The gate was $2mill and they set the merchandise record with $122k. Lemieux took 100% of the Canadian ppv, and there was the money from the international tv rights. They didn't lose ****. Now Jacobs/Quillin on the other hand.........

http://www.espn.com/boxing/story/_/i...-per-view-buys

[Scipio2009]

You really think that his gates do 170k , come on man don't be a ******

I'm sure once you add in the gate, sponsors, Lisence fee, international broadcast right and what ever else K2 is doing alright but to act they're losing money is ******. Do you have any facts to back this up or you go on full emotion

This isn't a Rigo situation where he Brings literaly pennies and a a.ss kicking to the table

I think the gates are significantly lower than the talk of bodies would have you believe, specifically due to stuff like the ticket gimmick for MSG; I don't have anything to corroborate this statement, but I doubt that K2 sold over $750k in either of the fights at The Forum and I very much doubt that the gate at MSG was actually $2m.

Golovkin made a disclosed $2m on the Wade fight, $2m on the Lemieux fight, $1.5m on the Monroe fight, $1m for the Rubio fight, and $750k for the Geale fight (can't seem to find anything for the Murray fight, and the Brook fight was Matchroom Sport's event).

Not going to chase things down, event for event, but I doubt that K2 is as rosy as you seem to think (purses to the fighters, costs to stage the fight, costs to market/promote the fight, etc add up too).

Rigondeaux is definitely tough business, but it's not like he's fighting for million dollar purses (as far as I know, Rigondeuax's high purse was the Donaire fight of $750k).

[The Problem Child]

How dumb are some people lol?! Oscar does this so it looks like they have tried and that there are intentions. Smarten the **** up you ****** banshees. We could have seen this fight last night had Canela not dropped his belt and/or just agreed to fight Gennady. WHY NOT IN DECEMBER??? OR MAY?!!? It's all bluff to keep pushing the fight back.

[bambam182]

How dumb are some people lol?! Oscar does this so it looks like they have tried and that there are intentions. Smarten the **** up you ****** banshees. We could have seen this fight last night had Canela not dropped his belt and/or just agreed to fight Gennady. WHY NOT IN DECEMBER??? OR MAY?!!? It's all bluff to keep pushing the fight back.

your ***** boy GGG is a hype job and ultimate ducker.

[Bardock]

Haha I wouldn't bet on it. Canelo is making a move permanently to 160. Who's in the division besides Golovkin? Billy Joe Saunders, that's the equivalent of fighting Smith since no one knows who he is in the states. Willie Monroe, David Lemeuix, guys like that. Eventually Canelo is going to want the biggest money possible which is Golovkin. I'm sure they can and likely will make a deal and I seriously doubt it would be a flat fee but it doesn't matter now though since the fight isn't happening anytime soon and anything can happen in a year.

Canelo can fight anybody he wants to and make millions. He brought 50K people for a fight vs Liam fckng Smith for crying out loud. Your boy is going to have to bend over backwards if he wants those hands from Canelo

[Scipio2009]

Did you see K2's books? No, so that means you don't know what you're talking about.

The US ppv generated $8mill, which after tv cut that's a $4mill pot. The gate was $2mill and they set the merchandise record with $122k. Lemieux took 100% of the Canadian ppv, and there was the money from the international tv rights. They didn't lose ****. Now Jacobs/Quillin on the other hand.........

http://www.espn.com/boxing/story/_/i...-per-view-buys

Simple math disagrees with you; at $50 a pop (HBO keeps the HD fee for all PPVs), even with K2's stated numbers (a number that no one else involved with the event is willing to repeat) only gets you to $7.5m (about $3.75m before the promoters take a penny).

With ~$4m in disclosed purses for the fight card (how Lemieux/Golden Boy split the Canadian money is between them), the cost of renting MSG being at least $250k, plus the cost of simply staging a PPV fight (insurance, sanctioning fees, promotional materials, drug testing, media events, different marketing costs, etc), the amount of international money must be pretty sizable to make the numbers work out.

Jacobs-Quillin is a different conversation with different factors (Showtime aired either 4 or 5 fights, for Showtime Championship Boxing on the main channel, and some of the fights on SHOExtreme; what that licensing fee was worth to Showtime is a question that I can't answer. Beyond that, I'm pretty confident that Barclays Center/Brooklyn Boxing put up a more than adequate sponsorship/site fee for the event, among other revenues).

[Citizen Koba]

Golovkin was never going to fight Canelo/Cotto, especially after he made it clear that he wasn't going to go down in weight for either fight.

To try and act as if the fight was even really possible is hilarious.

Taking the Ward offer would've given Golovkin a for-sure chance at having two PPV events (with the second one actually being a fight worth PPV).

What has Golovkin done instead? Flopped with the Lemieux PPV, went back to regular HBO for the Wade fight (a bout that no one wanted), fought in the afternoon on regular HBO for the Brook fight, and has a date penciled in for another regular HBO date in November.

Sure Bud. Hindsight's a wonderful thing. This was before the weight had even been discussed. It's easy to second guess it now, but if you'd been Golovkin's team at the time the WBC mando was the fairly obvious route to take. Sure it didn't work out, but based on the information they had at the time they acted rationally.

So, you'd really have pushed Golovkin into a likely loss to Ward rather than pursue the Cotto - Canelo winner if you were promoting Golovkin? You would make a hilarious promoter I think.