How on earth did pbc fail?

[killakali]

I have no obligation to prove something isnt. Youre claiming the Fox shows are time buys. You have no proof. I dont have to offer proof they arent time buys wheb you havent offered proof that they are.

Youre making the unsupported claim and then asking me to prove the opposite. It'd be like if I said I could fly and then asked you to prove I couldnt.

You cant prove that I cant fly. But you shouldnt have to. If I say something is, the onus is on me to prove it.

You say the August 4 PBC show is a time buy. Where's your proof?

u say the August 4 fox show isn’t a time buy where is your proof?

You say top ranking ain’t going to be paid over 100 mil for their espn deal. Where is your proof?

[!! Shawn]

A former music manager who was sued by Beyonce for conspiring with her father to steal millions of dollars for her. Said managers company then pays Beyonce $4m for unspecified reasons. (hrmm maybe paying her back with interest and some hush money on top of it)

A wallstreet investor who sending close to a billion dollars in the direction the music manager with a history of trying to steal peoples money, then leaves the investment firm to work with said music manager.

Immediately their business model is to overpay the fighters significantly.

They contract out "promotion" to small promoters. How much were they paying them?

Who else was getting paid, and how much more than what they should reasonably have been getting paid were they paid?

That might not seem like much on the face of it, but over invoicing is one of the more effective ways of laundering money.

http://www.gfintegrity.org/issue/trade-misinvoicing/

If you take a shady wallstreet guy, and a shady music promoter who likes to steal money, and they manage to secure almost a billion dollar investment. Whats the most logical conclusion for what their plan for the money was?

It was fairly clear from how things unfolded with PBC that they never had any intentions of creating a long term viable business model. Haymon failed at trying to steal from Beyonce, but found himself a nice fat cow to milk dry with Waddell & Reed and PBC.

He ran through nearly a billion dollars. You dont do that overpaying fighters, you do that overpaying everyone with the understanding that a percentage of that overpaying is going to end up in your pocket.

Add in the fact that Ryan Caldwell, the man at Waddell & Reed that orchestrated the financing of PBC jumped ship to work with Haymon afterwards.

Then add in the $925 million dollar lawsuit filed by shareholders against Waddell & Reed for violating their fiduciary responsibility for investing in PBC, with the text of the complaint literally reading

Unbeknownst to investors, starting in or about April 2013, the Trustees permitted and approved purchases by Ryan Caldwell, one of the two portfolio managers of the Funds, of approximately $925 million of private securities in a start-up and potentially criminal company in the field of professional boxing promotion. These purchases had no economic justification, but rather were motivated by Caldwell's personal interest and benefit.

As a portfolio manager, Caldwell was supposed to be allocating the Funds' money based on the objective merits of the prospective companies and the investments, not acting to personally ingratiate himself with a boxing promoter or attempt to assist in the management of a private company... In fact, in June 2014, Caldwell actually resigned from the Funds, supposedly to join one of Haymon's companies as ‘Chief Operating Officer.' Caldwell's resignation raises issues over whether he was fired by the Trustees for making these investments, or whether he had a quid pro quo agreement with Haymon's company.

If you look at everything for what it is, PBC has just been an excuse for Caldwell and Haymon to defraud Waddell & Reed out of an incredible amount of money.

[N/A]

u say the August 4 fox show isn’t a time buy where is your proof?

I don't have to prove a negative. You're saying it's a time buy. Do you have proof?

You say top ranking ain’t going to be paid over 100 mil for their espn deal. Where is your proof?

Never said that and again, I don't have to prove a negative. You said they're being paid over 100 million. I asked if you had proof. I didn't say they weren't being paid that.

[SUBZER0ED]

PBC is still around, but it is nowhere near being "the savior of boxing", as it was once projected to be. Simply put, it had too many fighters and not enough fights.

[killakali]

I don't have to prove a negative. You're saying it's a time buy. Do you have proof?




Never said that and again, I don't have to prove a negative. You said they're being paid over 100 million. I asked if you had proof. I didn't say they weren't being paid that.

I don't need proof. I don't have to prove a negative so I know its a fact.

[N/A]

I don't need proof. I don't have to prove a negative so I know its a fact.

Ok, well thank you for telling us 8/4 is a time buy, even though you have no proof, say you don't need proof, haven't offered how you know, and are demanding I prove it's not a time buy, which I can't possibly prove to you since I can't prove a negative.

[Cheek busting]

PBC failed because Mayweather made money and wiped out the budget for anything for the next 10 years when all the mugs brought Mcgregor vs Mayweather

Could you please elaborate?

[buddyr]

PBC didn't fail, it's still going, but they cater to the hardcore boxing fan(us). Those that cater to the casual fan(everyone else not including us) will succeed more. It's the same reason people were excited about a Mayweather/Mcgregor fight and the same people wouldn't pay $10 to see Crawford vs Spence.

[daggum]

PBC didn't fail, it's still going, but they cater to the hardcore boxing fan(us). Those that cater to the casual fan(everyone else not including us) will succeed more. It's the same reason people were excited about a Mayweather/Mcgregor fight and the same people wouldn't pay $10 to see Crawford vs Spence.

this guy knows whats up. the hardcores love fights like berto alexander. we know thats a great fight

[BLACK KNOT]

pbc dropped the ball. they had a chance to bring boxing to the mainstream but they crashed and burned. FACTS!!!