Floyd Mayweather is not a Good businessman, that goes to George Foreman

[hectari]

First I want to say this isnt HATING, if Floyd becomes a great businessman ill give him props but everything he says is wool over your eyes stuff, aka PT barnum talk suckering people making them believe the hype when their is no real substance, aka con artist talk.

Floyd is not TBE or the best businessman in boxing, what business ventures does he have? real estate every celeb has that.

I have never seen an interview of Floyd where he gave great insight on business or investments or breakdowns on how business works, Ive seen Magic Johnson and other retired athletes go on Forbes discussing how they run businesses and invest, Magic has a degree from college and runs many businesses and made many deals like helping to buy the Dogers, now working as a president of operations for the Lakers, also owning his own movie theaters, fast food franchises etc.

What Floyd did is not HARD, the boxing model aka PPV allowed him to hold the sport hostage he took advantage of it and thats the only way he can make money by over demanding what he is actually worth, he has no Brand, his Brand is not proven in order in business to sell a business you need Brand and proven statistics showing you profit etc. Without Boxing Floyd cant make money, all his money came from PPV, so many sports stars have demanded more money, Floyd gets the lions share thanks to Ali with the Ali act which gave Floyd the chance to get the lions share and demand more.

he is not a Great businessman, he is a snake oil salesman he hypes up fights but stinks the joint out so you dont get what he promises on figh tnight and he laughs to the bank,how can he claim TBE of boxing in business when his brand isnt even sold in stores, George Foreman is the best businessman in boxing.

George Foreman is the greatest boxer businessman in my eyes, he tooks his brand he went BROKE made a comeback used the money he made and invested it in a business idea and marketed it himself as the face of it and built his brand making 100s of millions of the George Foreman grill.

Show me an interview where Floyd discusses business like this?


This is the closest thing I can find to Floyd venturing in business this was from several years ago and I never seen any Lottery Soda in the stores or commercials

[Beercules]

The Foreman Grill is my favorite appliance in my house


That's where I make my grilled cheese sandwiches Hanz you piece of ****

[J.Dempsey]

Interesting thread and you have some valid points. Time will tell I guess..

[Sweet Pea 50]

The Foreman Grill is my favorite appliance in my house


That's where I make my grilled cheese sandwiches Hanz you piece of ****

[hectari]

The Foreman Grill is my favorite appliance in my house


That's where I make my grilled cheese sandwiches Hanz you piece of ****

I love that grill, When I was dieting it was my best tool. I would grill up so many chicken breast on that and burgers.

George took something that nobody wanted in the invention pile and took a chance and put his name behind it. There is another great interview from CNBC business with Foreman discussing how the whole thing came about.

[.!WAR MIKEY!.]

foreman invented a great product and the business partners he got brought the product to market and worked out licenses deal, foreman is ingenious maybe but smart business man no.

Same with floyd mayweather, he made choices but the buisnessmen around him brought the deals to the table.

since they both pratically have done the exact same thing which is delegate lets see who richer cause of their moves.

Foremen networth is $250 Million
Mayweather networth is $340 Million

So I must say mayweather is smarter than foreman as he has made better business choices in his life that has him almost $100 million dollar richer than forman and accomplished that feat 28 years earlier faster than foreman.

[hectari]

Interesting thread and you have some valid points. Time will tell I guess..

Yeah, im not even hating but his fanboys will say oh you hater Nope, I LOVE watching interviews on business, I watched Magic Johnson, Master P, Puff Daddy, George Foreman, Steve Jobs, Jack Ma, Bezos, Gates, Welch, etc I love hearing their stores its inspiring me and I like learning about how they made deals, what is the process, Im curious about Floyd because he said he is the TBE of business, yet I dont see any knowledge coming out of his mouth at all just stuff like THE THING IS THIS, I MAKES THE MOST MONEY.

His business is basically aligning himself with named fighters to stay relevant and twisting it to make people believe he was the star, the more you say something the more people start believing it.

He used Arturo Gatti, Oscar, Hatton, Pacquiao, Canelo to sell his biggest ppvs he always aligned himself with guys to sell, now he is doing it with Conor McGregor calling him out because he knows it will make huge money because of how famous Conor is and its a low risk fight for him.

Then he starts saying deflection stuff like these guys align themselves with me, even though he is doing that he believes if I say this guy is doing it over and over than they will believe that im the guy not him.

He is the master of that manipulation stuff, but Ive yet to see his business and Brands in stores making millions. So he goes again with the if I repeat it over and over people will believe it stuff.

The only business ventures I seen him mention was some corner store clothing and nail salon for his ex girlfriend near his gym and a make up line I havent heard of, and now a strip club he is planning on opening.

[Eff Pandas]

Wasn't Foreman just a celebrity endorser with that grill. It was some other cats who created it & then they threw Foreman's name on it to sell more than if it was called the Dave & Jeff Grill or whatever. Idk that I'd even call that a businessman move. Its being in the right place at the right time by being a notable guy as a pro boxer making a comeback with a gimmick about eating burgers while training or whatever Foreman's line was back then.

I think the best businessman in boxing might be a guy like Larry Holmes who despite getting f#cked over by Don King purchased a lot of land in his hometown before buying up real estate was cool for athletes to do. And in general I think its hard to know who's a good businessman in boxing cuz we tend to know so little that happens outside the ring. Like Paul Williams owning enough properties before he was severely injured & had his career ended suddenly that he was setup when so many other boxers can plan out their end plan way past their prime & still be broke or near broke...talking to you Sugar Shane.

[billeau2]

foreman invented a great product and the business partners he got brought the product to market and worked out licenses deal, foreman is ingenious maybe but smart business man no.

Same with floyd mayweather, he made choices but the buisnessmen around him brought the deals to the table.

since they both pratically have done the exact same thing which is delegate lets see who richer cause of their moves.

Foremen networth is $250 Million
Mayweather networth is $340 Million

So I must say mayweather is smarter than foreman as he has made better business choices in his life that has him almost $100 million dollar richer than forman and accomplished that feat 28 years earlier faster than foreman.

You truly are deluded. I mean no disrespect what-so-ever but this statement you made and the logic you applied shows a total lack of insight into the point Hectari is making and about how wealth is accumulated.

First off putting aside hectari's rant about brand... which is a complex issue... for example, if you wanted to buy either all the restaurants that mcdonalds owns, or the rights to the name, lets just say all the commercial leases owned couldn't begin to approximate the value of the brand. The problem is that "brand" is an intangible, so we won't even go there.

Currency is one of the most misunderstood elements of wealth there is. At a point where someone has, ohhhh lets say over 100 million dollars, the goal is to not lose it. Really at a certain point the differences are academic because the value of currency is never going to sustain wealth, as an asset it has advantages and disadvantages, none of which make having a great amount of it, the true measure of wealth. You will see why this is if you trace what they take from currency and how fast your life style matches your currency.

As a billionaire you better give a lot of your money away or taxes will take it! Thats a start. Now, what does make wealth? the assets you actually own and control! George does in fact own an asset that has great value. Floyd owns cars and luxury real estate...none of which has much value. The world is littered with the nouvelle riche who are buying thins like expensive watches, mansions and expensive cars... These do not have much value and eat up money.

Mansions are property tax vacuum cleaners. Expensive cars need storage and lose most of their value when bought... just to give an idea. Currency loses and gains value daily and is taxed considerably when it is used. Even interest that is gained is taxed.

So what great companies does Floyd own, or have an interest in? What cash generating name had his promotional company generated? What rent does he collect in his real estate? and what happens when he gambles and loses? because when he wins he pays a lot to his pardner uncle sam! Finally, how much does Floyd's lifestyle cost? A man who works in Omaha nebraska and lives in a middle class neighborhood and makes 300k a year has a lot of disposable income, a man wrote an article for the new York times about making this same 300k in Silicon Valley and he could not even get by!

I think hectari is correct here.

[Vadrigar.]

Floyd's promotional company isn't even real.