Comments Thread For: All Star Boxing Move To Garnish Canelo's Wages From Chavez PPV

[OnePunch]

Based on that article I don't see much reason for a lawsuit. It don't look like Al Haymon did anything wrong. There's probably more to it than that but from that article I can see why it got dismissed.
But I will disagree by Golden Boys on expert witness that most of their fighters are losing money. No way most of their fighters losing money. They probably used that tactic as a way to blame Al Haymon. IDK why or how they can blame him but no way Is that real. Golden boy is in the business of promoting Fighters and making money. Think about it.
If your a promoter and you have 100 Fighters and only ten of them are turning a profit while the other 90 are costing you money are you gonna keep promoting them over and over? **** no, you gonna stick with the ten that making you money.
I understand there's contracts and all that but that just don't make no sense.

Thats not how it works. You have to BUILD a fighter, and that takes time, and money. And I can promise you that any promoter with 100 fighters in his stable would be OVERJOYED to have 10 of them actually turning a profit. Because usually its like 98 or 100 out of 100 that are losing money.

Yes, as a business model its a loser. But you do it because maybe, just maybe, you will discover the next Mayweather or the next Pacquiao.....

[BigStomps]

An investment. You lose money on them for a while but they may make you some money in the long run. Hearn claimed he'd never made a dime on Kell Brook until the GGG fight.

The court case also said the only Haymon fighters making money for Golden Boy were Khan and Danny Garcia. So Haymon paid Oscar $15 mil for a bunch of fighters that had never made Golden Boy any money.

And you really believe all that bullshet?? I don't!
Yes your right that it takes a while for a boxer to really develop and start making the promoter real money. But not every fighter is the next Canelo, Mayweather, Pacquiao, ect.... So you really believe that even the low level boxers aren't making the promoters money??
If that's the case then how is it all this small time promoters like STAR BOXING, ALL STAR BOXING, MAIN EVENTS, WARRIORS BOXING. TGB BOXING, ECT are still in business after all these years and they've never had a superstar like Canelo, Mayweather, ect.... Think about it.
Even the low level shows are making the promoters money. That's why they still in business!

[Motorcity Cobra]

And you really believe all that bullshet?? I don't!
Yes your right that it takes a while for a boxer to really develop and start making the promoter real money. But not every fighter is the next Canelo, Mayweather, Pacquiao, ect.... So you really believe that even the low level boxers aren't making the promoters money??
If that's the case then how is it all this small time promoters like STAR BOXING, ALL STAR BOXING, MAIN EVENTS, WARRIORS BOXING. TGB BOXING, ECT are still in business after all these years and they've never had a superstar like Canelo, Mayweather, ect.... Think about it.
Even the low level shows are making the promoters money. That's why they still in business!

Take for example Main Evens and Sullivan Barrera. They made money off of him from the Ward fight. They made money off of Glazkov from the Charles Martin fight. Every fighter doesn't have to be a Canelo or Mayweather. You can make money off of your fighter by having them fight the Canelo's and Mayweather's in boxing

[BigStomps]

Take for example Main Evens and Sullivan Barrera. They made money off of him from the Ward fight. They made money off of Glazkov from the Charles Martin fight. Every fighter doesn't have to be a Canelo or Mayweather. You can make money off of your fighter by having them fight the Canelo's and Mayweather's in boxing

And how often are your Fighters gonna fight a Canelo or a Mayweather???
Like I said, even the low level shows are making money for the promoters.
I once read an article about Richard Schaffer that he said that when he first started Golden Boy promotions he was making the company 10,000-15,000 in profit per show. And that was with no TV audience.
Not bad for a low level show I would say,....

[OnePunch]

And how often are your Fighters gonna fight a Canelo or a Mayweather???
Like I said, even the low level shows are making money for the promoters.
I once read an article about Richard Schaffer that he said that when he first started Golden Boy promotions he was making the company 10,000-15,000 in profit per show. And that was with no TV audience.
Not bad for a low level show I would say,....

sorry to be blunt, but you havent the slightest idea what you are talking about.

[Motorcity Cobra]

And how often are your Fighters gonna fight a Canelo or a Mayweather???
Like I said, even the low level shows are making money for the promoters.
I once read an article about Richard Schaffer that he said that when he first started Golden Boy promotions he was making the company 10,000-15,000 in profit per show. And that was with no TV audience.
Not bad for a low level show I would say,....

Show me that article please. I find that hard to believe. Lou DiBella had a very successful broadway boxing series in New York (before the new insurance laws) and he said he was losing money on the shows.

[Motorcity Cobra]

sorry to be blunt, but you havent the slightest idea what you are talking about.

[BigStomps]

sorry to be blunt, but you havent the slightest idea what you are talking about.

And you could be right but I'm just going by what I read Richard Schaffer say. We all know he's a genius when it comes to Boxing so why wouldn't I believe it if he said it.
Plus none of you guys still haven't explained to me how all these small promotional companies that don't have a any major big name fighters on their roster have been in business for years... Since your saying IDK what I'm talking about I'm assuming you do so maybe you could enlighten me....??

[BigStomps]

Show me that article please. I find that hard to believe. Lou DiBella had a very successful broadway boxing series in New York (before the new insurance laws) and he said he was losing money on the shows.

This was about a year ago that I read this article. I really wouldn't know where to find it to be honest. But I have no reason to lie or make things up. I'm not Jason Shaw.
But I'm just saying what Richard Schaffer said

[OnePunch]

And you could be right but I'm just going by what I read Richard Schaffer say. We all know he's a genius when it comes to Boxing so why wouldn't I believe it if he said it.
Plus none of you guys still haven't explained to me how all these small promotional companies that don't have a any major big name fighters on their roster have been in business for years... Since your saying IDK what I'm talking about I'm assuming you do so maybe you could enlighten me....??

because all of them (myself included) have other businesses besides boxing that we can use to subsidize the shows. Leon Margules (Warriors) is an attorney, Dibella has some minor league ball clubs and also has numerous other side interests, Joe Deguardia (Star Boxing) has a law practice, I was in real estate and mortgages when I was doing shows, etc etc., pretty much anyone who has run small shows for any length of time has other businesses on the side that their main income comes from.

The people who get into this business thinking they are going to make money on small shows usually are gone within 1 or 2 shows, and leave a bunch of unpaid bills in their wake.......