Al Haymon plummet $434 million in a single year?

[Boxfan83]

TV time is expensive so a couple years worth is going to be pricey across multiple networks.

Like I said the guy is making assumptions and I don't know his financial credentials to be making these assumptions. Even if the dude writing this was an A-1 financial analyst it is still just one view and what I would call an incomplete view because he only has access to public numbers not the whole picture. It would be interesting to really look at PBC's books which obviously would not look good (to me that is expected) and what Waddle and Reeds expectations were because I have no clue what their expectations were.

true. Crazy though how a company can be so loose with millions of dollars but I guess they got it like that...

[Fetta]

He thinks PBC is a promotional outfit. That ended any semblance of a serious conversation with him for me.

Hes living in a box so to speak. He sees nothing more than Haymon evident by his constant "hes has this" and "he has that". I mention 1 umbrella and never say PBC or Haymon running it but cant explain something simple like that to him cause he wont get it. Tough to get people to understand outside of their box when they want to be stubborn and stay in it.

Let him stay in it and be lost

[Scipio2009]

Alleged investments into PBC’s Al Haymon plummet $434 million in one year (@MMAanalytics) https://t.co/TIM6OVF8ZJ

— Bloody Elbow (@BloodyElbow) 20 de septiembre de 2016

http://www.bloodyelbow.com/2016/9/20...bc-boxing-news

is a long ass article, give it a look

The Waddel&Reed money was the seed money, used to finance the effort (purchasing TV time, building sets, working the televised talent, etc).

None of the revenues from PBC are fed back into the seed account; W&R has their ownership stake in Haymon's efforts, but the commercials revenue, the sponsors revenue, the international TV revenue, and every other revenue piece from the televised product have all likely ended up in some subsidiary of Haymon Sports, a business shell that makes no public financial disclosures of hardly anything.

Pause and think for a moment.

[buddyguns]

I don't understand your question??

A great many fighters are already promoted by pbc/haymon.
And pbc didn't save boxing. None of haymons main fighters are fighting each other.

So what difference would it make to expand his stable??
Because that is all your really saying by suggesting this 1 umbrella nonsense.

I don't believe that a promotional outfit acting as the sole power structure of boxing is beneficial. I do believe that one governing body ruling with an iron fist would be though. You appear to be on the other side of the fence. It appears that you believe a monopoly on the sport would make it impossible to make great fights happen.

So my question was, if a sole power structure in boxing can't make fights happen, how does multiple providers (promoters) operating in competition better the sport? Last time I checked, all boxing fans ever do is complain about the bulk of fights being made. If a monopoly is wrong, and competition is good...where are all of the great fights?

[bigjavi973]

I just read the wiki on that guy. Hes a strange character. Anyone that would follow him or his beliefs must have some sort of brain defect.

yea man creepy as hell.....

[Scipio2009]

Well, something is definitely leading to valuation decreasing significantly since it's inception. The article mentioned that viewership numbers are a piece of the calculation for valuation. The only bright spot in the viewership is the 6 mill rating after the Olympic Men's Basketball Gold Medal game. Once the 3rd quarter for 2016 numbers are released, I wonder how much of that number will affect the valuation. If the valuation still goes down after that, there's really no saying what could save it.

Simple. The money is being spent from the Ivy accounts, with the revenues being placed in Haymon Sports accounts.

Once all of the seed money has been allocated, the Ivy accounts will be zeroed and W&R will simply have their stake in Haymon's business as a note on their financial disclosure forms (until the day comes where Haymon Sports starts paying out dividends to the investor).

PBC has consistently sold the commercials during their broadcasts, with different sponsors also taking part in the shows; why folks are so bent on ignore that point is beyond me.

[Fetta]

Well maybe you should articulate yourself better.

I already stated I'm not in favor of any promoter taking full control.

But we both know your whole post is horese**** damage control...

So when you posted "boxing should be under 1 umbrella" in a pbc thread
who were you talking about? Bob Arum??

Well Haymon haymon. I mean Haymon and then theres haymon.

Haymon or bob are only choices in the box. Cant envision some outside person coming to run things. No of course not. Live in it son and be angry.

[The Gambler1981]

true. Crazy though how a company can be so loose with millions of dollars but I guess they got it like that...

Yea if they expected to be raking in money hand over fist by year 2, you would know they had no idea what they were getting into. IF they had a more long term view on it these things should have been expected and communicated.

They obviously had a lot of money and no idea what to do with it and they probably already had too much in the same old things (oil, china, emerging markets, tech stocks). PBC is obviously a flier and is in no way a core investment, so it can not be having this out sized effect on the whole fund.

They could have messed up on PBC but even if they lost it all and said they were done with it, it should not have hurt them as badly as is being portrayed.

[Scipio2009]

"PBC" as an entity isnt worth anything because it doesnt have any tangible assets. The fighters are contracted to Haymon Boxing, not PBC, and the airtime is all bought and paid for time slots, with no major network content deal in place, or even rumored. "PBC" is really just a tv show but without the benefit of having the major actors under contract.......

Have no doubt that W&R got a share of Haymon's management business as a hedge for the near-term risks of the deal.

Beyond that, the commercials are selling through (no idea at what price), the shows are consistently being sponsored beyond Corona (no idea what those different sponsorships are worth), and Corona sponsoring as many shows as they've sponsored should be worth a nice bit of coin.

You add the relationship with CBS/Showtime (with NBC out of the running, FOX/FS1 and ESPN/ABC are still options to look at), and to act as if PBC has no intrinsic value is a bit much.

[Hype job]

the bidness bruvvas are in the building baby!!!!!!



The Big Dunn, IMDAZED, The Gambler1981, Scipio2009

Haymon's number 1 fans! Here to tell you about the inner workings of PBC and why it's going to save boxing!