Al Haymon plummet $434 million in a single year?

[OnePunch]

PBC is different from the UFC, for the simple fact that the main "decision maker" is coming to the table from the fighter's perspective, rather than solely from the investor's perspective (Dana White's sole aim is to maximize the take for him and the Fertita brothers).

With the fighters at the table when the money is being discussed/negotiated, PBC fighters have access to too much information to end up getting shorted like UFC fighters.

so how do you reconcile the fact that Haymon (the manager) has a fiduciary duty to maximize the revenue to the fighters he represents, yet he also has a fiduciary duty to Waddell & Reed to maximize the revenues of PBC? He cant do both, as they are opposing interests

Care to explain how that conflict of interest gets dealt with?

[The Gambler1981]

A bigger cut for the fighter, is also a bigger cut for Haymon.

Dana White was/is all about the UFC brand and pushing that stance, not on his "take" as you mentioned. This same push behind PBC hasn't been going on. It is still favoring specific fighters only.

That is true it is one of the main flaws PBC has, they have no figurehead to really push the brand and the brands agenda so it is all left open to interpretation. That is one of PBC's biggest failings because they are not telling their own story, others are telling it for them.

It has been a problem since day one and a lot of people have brought it up, it puzzles me why this hasn't been fixed even if it was some random dude.

[IMDAZED]

well technically they are. They control the matchups, the purses, the ticket prices, the network platform, the advertising revenue, the event revenue, and they are the ones risking the capital.

Those are all pretty much the functions of a promoter.

Technically? No, not technically.

[IMDAZED]

Yeah yeah everybody racist...
everybody out to get you...

And I don't give a **** what his "outfit" is officially called. I'm not even gonna bother googling it.
pbc=haymon and haymon=pbc

What are you gonna tell me next??
Haymon isn't a promoter??


This is a pathetic and cowardly way to deal with being bested in a debate...
You are a duck...

Why do you keep changing your identity on here? Don't you know that your brand of ****** is very unique? Do you expect me to take you serious? Do you, really?

[Scipio2009]

A bigger cut for the fighter, is also a bigger cut for Haymon.

Dana White was/is all about the UFC brand and pushing that stance, not on his "take" as you mentioned. This same push behind PBC hasn't been going on. It is still favoring specific fighters only.

Dana White owned 9% of the UFC; whenever the UFC made more money, White made more money. His incentives were aligned against the fighters, hence the continued justification for the short purses in the UFC.

Haymon only gets paid his fee once he has a fighter positioned to earn $150k or more to fight; Haymon will do what he can to put on good fights for PBC (more often than not, PBC has consistently put on 50/50 or 60/40 fights, with their bigger names having different types of fights), but openly shorting a fighter on their take takes money out of his own pocket. Haymon's incentive is to do right by the fighter.

[TheCell8]

A bit of background for anyone trying desperately to use ad hominem attacks:

For those that don't know who Paul Gift is, he's got a PhD in Economics and is an associate professor at Pepperdine University.

He does a lot these 'types' of articles for MMA. Regarding UFC finances, Fighters Union etc.

I'd probably take this article seriously...

[al-Xander]

PBC is failing because it's just a collection of random fights in which fans don't have any story to follow. Fighters come and go. Their wins don't translate to anything big. Winners don't fight winners. Losers don't fight losers. What fans are expecting to see are not happening.

[North Star]

That is true it is one of the main flaws PBC has, they have no figurehead to really push the brand and the brands agenda so it is all left open to interpretation. That is one of PBC's biggest failings because they are not telling their own story, others are telling it for them.

It has been a problem since day one and a lot of people have brought it up, it puzzles me why this hasn't been fixed even if it was some random dude.

Very true, agreed. I feel like this could have all been done smoothly if the course of action during the relationship with GBP/Schaeffer was more positive and separation was done on friendly terms. The fact that Oscar was on the verge of being taken out (due to his own demons), shouldn't have gone down that way that it did. If Schaeffer left on good terms, there wouldn't have been lawsuits after the split, non-competition agreements, and forced semi-retirement. Schaeffer would have run the PBC ship well, and they probably would have been a lot more like UFC at this point in time.

[The Gambler1981]

Very true, agreed. I feel like this could have all been done smoothly if the course of action during the relationship with GBP/Schaeffer was more positive and separation was done on friendly terms. The fact that Oscar was on the verge of being taken out (due to his own demons), shouldn't have gone down that way that it did. If Schaeffer left on good terms, there wouldn't have been lawsuits after the split, non-competition agreements, and forced semi-retirement. Schaeffer would have run the PBC ship well, and they probably would have been a lot more like UFC at this point in time.

Oscar did rock the boat which was really dumb on his part because all he had to do was either shut up and count his share for minimal work (and keeping Canelo in the fold) or sold out for a ton of money. I will never get why he pulled what he pulled and that set Haymon back years because GBP was a real brand which his main guy (Floyd) really helped to build. Not like Oscar has really done great things since or made a bunch of fights with Arum which was kind of his goal.

Now they have to build a new brand without Floyd fighting which is much harder to do. Without Schaeffer who is one of the top boxing guys, I like PBC and I couldn't tell you their top boxing man after Haymon actually in PBC not a promoter on the outside like DiBella, that is a real problem. One that is not that hard to solve either, which is why it is puzzling that is hasn't been fixed even the tiniest little bit.

[Boxfan83]

A bit of background for anyone trying desperately to use ad hominem attacks:

For those that don't know who Paul Gift is, he's got a PhD in Economics and is an associate professor at Pepperdine University.

He does a lot these 'types' of articles for MMA. Regarding UFC finances, Fighters Union etc.

I'd probably take this article seriously...

Wow, thats good to know man. Good insight!