Should Oscar have taken the $100 million from Haymon?

[bigdunny1]

All he had to do to stay involved was say ok I will take 85 million and keep 15% ownership, plus I get a stake in any guy I bring to the table and want to be involved in those guys like Canelo. Considering the effort that was put into making GBP a powerful brand Haymon and company likely would have been willing to deal because it wold have saved them a lot of time and effort they had to redo later in PBC. Oscar is a ****** because they both could have won and got what they wanted it wasn't a zero sum game.

That's assuming Oscar wanted to sell in the first place but he didnt. That's a good plan if Oscar put his company on the selling block and then turned down the best offer. But he had no intention of selling away his company or getting back just a 15% stock. He started golden boy with a few million not to build it up and sell it for a profit. He wants to be a player in boxing. That's like Bob Kraft who bought the Patriots but was already a wealthy man but was a die hard fan and long time season ticket holder for the patriots. When the team became available he bought it not to make money but to be a part of the NFL and the team he grew up a fan of. Since then his team is now one of the richest in all of sports and he has been offered to sell and make 10-20x what he invested. Yet he has stated he wouldn't sell for any amount. He likes the limelight and status being the owner in the NFL and he's an actual fan of football and the Patriots before he owned them. If you offered him billions he still wouldnt sell because hes already a billionare he dont need the money. His son Jonathan Kraft is going to inherit the team when he passes.

The point is just because someone offers to buy something don't mean you want to sell. Oscar doesn't need 100mil or 85mil hes already worth more then that the dude is one of the most wealthy men in boxing history. So money is not the major factor he's in it because he wants to be a major player in boxing. Same with Bob Arum by the way I don't think there is any amount he would sell Top Rank for either.

[Eff Pandas]

All he had to do to stay involved was say ok I will take 85 million and keep 15% ownership, plus I get a stake in any guy I bring to the table and want to be involved in those guys like Canelo. Considering the effort that was put into making GBP a powerful brand Haymon and company likely would have been willing to deal because it wold have saved them a lot of time and effort they had to redo later in PBC.

Very true.

I'd speculate if Oscar wasn't in the throes of addiction when this all was going down he might have been part of the plan potentially. Oscar's the face & name, Schaefer is the genius promoter & Haymon is the guy who can get the money. Thats a perfect team & they'd have likely crushed if they had all joined up with GBP's brand, roster & influence at the time.

And sh^t Oscar is the first person in the boxing business with any power who I heard talking about creating a UFC of boxing which is what boxing needs so he for sure would have been down with the ultimate PBC plan which was rumored & speculated on for a long time & confirmed via the discovery in these court cases.

But I am one of the cats who doesn't necessarily see anything sinister with keeping Haymon guys around un-signed (vs walking away from GBP if push came to shove which most everyone ignores as a likely fact) that some people see as unforgivable & assume Oscar knew nothing about despite him likely being consumed by bigger demons during that time than recalling talks, reports & emails about Schaefer's business plan with Haymon fighters.

[The Gambler1981]

Very true.

I'd speculate if Oscar wasn't in the throes of addiction when this all was going down he might have been part of the plan potentially. Oscar's the face & name, Schaefer is the genius promoter & Haymon is the guy who can get the money. Thats a perfect team & they'd have likely crushed if they had all joined up with GBP's brand, roster & influence at the time.

And sh^t Oscar is the first person in the boxing business with any power who I heard talking about creating a UFC of boxing which is what boxing needs so he for sure would have been down with the ultimate PBC plan which was rumored & speculated on for a long time & confirmed via the discovery in these court cases.

But I am one of the cats who doesn't necessarily see anything sinister with keeping Haymon guys around un-signed (vs walking away from GBP if push came to shove which most everyone ignores as a likely fact) that some people see as unforgivable & assume Oscar knew nothing about despite him likely being consumed by bigger demons during that time than recalling talks, reports & emails about Schaefer's business plan with Haymon fighters.

Yea I agree because I think Oscar played his hand poorly, lots of people think he did the only thing he could do but to me he clearly had other options.

The goal of a company is to make money and a boxing company is about putting on events. If a guy is signed or not signed doesn't matter much as long as the events are being put on and are successful, having a guy signed is nice but is not the only way to achieve the goal. If Haymon did not want to work with GBP he would have went elsewhere and having his guys help to build the GBP brand is in essence keeping Haymon's on contract because going anywhere else requires a whole reset like what actually went down and that was clearly not the most efficient way to go.

It was not seeing the forest through the trees. He would have got paid more money, had less problems, got to be involved more so with his guys like Canelo, and participated in growth if Haymon's plan actually worked and might have had an even more valuable asset. Haymon would have started laps ahead of where he was with a viable brand and had Schaeffer pull the strings all along which would have lessened the learning curve.

[The Gambler1981]

That's assuming Oscar wanted to sell in the first place but he didnt. That's a good plan if Oscar put his company on the selling block and then turned down the best offer. But he had no intention of selling away his company or getting back just a 15% stock. He started golden boy with a few million not to build it up and sell it for a profit. He wants to be a player in boxing. That's like Bob Kraft who bought the Patriots but was already a wealthy man but was a die hard fan and long time season ticket holder for the patriots. When the team became available he bought it not to make money but to be a part of the NFL and the team he grew up a fan of. Since then his team is now one of the richest in all of sports and he has been offered to sell and make 10-20x what he invested. Yet he has stated he wouldn't sell for any amount. He likes the limelight and status being the owner in the NFL and he's an actual fan of football and the Patriots before he owned them. If you offered him billions he still wouldnt sell because hes already a billionare he dont need the money. His son Jonathan Kraft is going to inherit the team when he passes.

The point is just because someone offers to buy something don't mean you want to sell. Oscar doesn't need 100mil or 85mil hes already worth more then that the dude is one of the most wealthy men in boxing history. So money is not the major factor he's in it because he wants to be a major player in boxing. Same with Bob Arum by the way I don't think there is any amount he would sell Top Rank for either.

Robert Kraft is not the same as Oscar De La Hoya and those situations are not apples to apples. Oscar obviously didn't want to sell because he didn't take what was a very good deal and like I said he could have negotiated it any which way to make it work better for him. I don't know that Oscar has 85 to 100 million liquid cash, he is rich but he isn't rich like that. Plus Oscar was also never the main guy in terms of building the business, he was there as a fighter and that was huge but other than that what has he really done for the business it was always someone else Schaeffer or Gomez running the show while he is doing Oscar things. So how much does he really love it?

[bigdunny1]

Robert Kraft is not the same as Oscar De La Hoya and those situations are not apples to apples. Oscar obviously didn't want to sell because he didn't take what was a very good deal and like I said he could have negotiated it any which way to make it work better for him. I don't know that Oscar has 85 to 100 million liquid cash, he is rich but he isn't rich like that. Plus Oscar was also never the main guy in terms of building the business, he was there as a fighter and that was huge but other than that what has he really done for the business it was always someone else Schaeffer or Gomez running the show while he is doing Oscar things. So how much does he really love it?

You keep thinking that if haymon offered more or changed the deal he was going to sell. And I'm telling you Oscar had no intentions of selling his company period. The offer wasnt the issue. His company wasn't on the shopping block for a reason. Just because someone out the blue offers to buy and you think it was a fair offer if you never intended on selling you will turn it down. And Oscar doesn't need the money. He likes being the owner of a promotional company but he clearly doesn't want to be locked in a room making day to day deals so he hired some one else to do that like most owners of companies do. If he didn't like being an owner he would of sold the company.

[The Gambler1981]

You keep thinking that if haymon offered more or changed the deal he was going to sell. And I'm telling you Oscar had no intentions of selling his company period. The offer wasnt the issue. His company wasn't on the shopping block for a reason. Just because someone out the blue offers to buy and you think it was a fair offer if you never intended on selling you will turn it down. And Oscar doesn't need the money. He likes being the owner of a promotional company but he clearly doesn't want to be locked in a room making day to day deals so he hired some one else to do that like most owners of companies do. If he didn't like being an owner he would of sold the company.

I am telling you what would have been wise for Oscar to do, he is free to do whatever he wants and make mistakes. He didn't look at the situation analytically though or he would have seen he could have achieved that and been better off.

You can't make someone see reason that does not want to see reason, but the person unwilling to see reason would generally be better off had they actually been real.

[bigdunny1]

I am telling you what would have been wise for Oscar to do, he is free to do whatever he wants and make mistakes. He didn't look at the situation analytically though or he would have seen he could have achieved that and been better off.

You can't make someone see reason that does not want to see reason, but the person unwilling to see reason would generally be better off had they actually been real.

It's a mistake to sell something you had no intentions of selling for money that doesn't change your lifestyle? 100mil is a lot of money to you or I. It instantly changes our lifestyle maybe gives us access to celebs and millionaires. But Oscar already worth over 200m and is a celeb who rubs shoulders with other celebs and millionaires. You see his statue every time you go to Lakers games. Look at the A list celebs that appear at his charity events. What does 100mil do for a guy like Oscar who clearly likes being a promoter. It's not like he was shopping his company and wanted out and then got an offer and turned it down because he thought he could get a better offer. No he never intended to sell is happy doing what he's doing being around boxing. So the problem isn't the details of the offer haymon made.

If a small time Joe created golden boy with a couple thousand and built it up to a company that someone willing to pay 100m for to transform their life and open doors to money and frame. OK i'd understand cash out. But Oscar made hundreds of millions fighting is literally one of the most wealthy and financially successful figures in boxing history. He don't need 100m to become rich and famous he already has both those things and likes owning his boxing company.

[The Gambler1981]

It's a mistake to sell something you had no intentions of selling for money that doesn't change your lifestyle? 100mil is a lot of money to you or I. It instantly changes our lifestyle maybe gives us access to celebs and millionaires. But Oscar already worth over 200m and is a celeb who rubs shoulders with other celebs and millionaires. You see his statue every time you go to Lakers games. Look at the A list celebs that appear at his charity events. What does 100mil do for a guy like Oscar who clearly likes being a promoter. It's not like he was shopping his company and wanted out and then got an offer and turned it down because he thought he could get a better offer. No he never intended to sell is happy doing what he's doing being around boxing. So the problem isn't the details of the offer haymon made.

If a small time Joe created golden boy with a couple thousand and built it up to a company that someone willing to pay 100m for to transform their life and open doors to money and frame. OK i'd understand cash out. But Oscar made hundreds of millions fighting is literally one of the most wealthy and financially successful figures in boxing history. He don't need 100m to become rich and famous he already has both those things and likes owning his company.

Even if he has 200 million 100 is still a lot to him. 50% increase of net worth is never a small deal and he doesn't have that much free cash. An opportunity that will never come against likely, because someone only gets a great deal if they don't want to sell, if he wants to sell it will be for a reason and someone will be paying him pennies on the dollar for what he built.

It is not even about the money really because Oscar could have had it all money, involvement, less stress if he played his cards right. Now he has to struggle and fight to keep GBPs head above water, and if GBP starts to struggle financially he is going to have to backstop it in some way because there is no one else to.


He got what he wanted, but that old saying about be careful what you wish for~