Frank Warren BANKRUPT!

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  • Vinnykin
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    #11
    Originally posted by EasternEuroFan
    Frank is shrewd. He will be wanting to go into Administration so he has time to re-organise the business. it's similar to Chapter 11 in the USA.

    it basically protects your business while you sorting out business finances. This isn't new to Frank. i'm sure he's done it before, as a lot of companies do.

    it doesn't really mean you're flat broke, it just means you need to get your assets in order, but 95% of this forum wouldn't understand that because they're neck bearded unemployed fatties living at their parents.
    His house is worth over 2.5 million.... I'm sure he'll be fine.

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    • PotentialToast
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      #12
      The problem is that he is not going to be able to sign anybody now.

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      • Cloud
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        #13
        Originally posted by Scary
        Yeah Warren got soft with power. He had no competition and all of a sudden out comes this young good looking brave new promoter with the trump card of Froch in his hands. Showing young fighters that anything can happen and that you are much more in control in your own carreer. Eddie Hearn is the best promoter in the world. I've really not seen a promoter care about his fighters like he care.
        To be fair, Hearn practically heisted Froch from Hennessey, and he made the most out of Brook, whom Warren wasted.

        I rate Frank as Britain's all time greatest promoter to be honest, but Eddie is deservedly a leading promoter.

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        • rudy
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          #14
          Originally posted by Scary
          Yeah Warren got soft with power. He had no competition and all of a sudden out comes this young good looking brave new promoter with the trump card of Froch in his hands. Showing young fighters that anything can happen and that you are much more in control in your own carreer. Eddie Hearn is the best promoter in the world. I've really not seen a promoter care about his fighters like he care.
          Are you gay serious question

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          • MoneyKing
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            #15
            Guest writer/journalist for The Sun - Eddie 'The Ego' Hearn.

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            • davef
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              #16
              Warren will be fine he already cheated death twice with the Lockerbie disaster and being shot
              Last edited by davef; 11-13-2018, 09:04 AM.

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              • Scary
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                #17
                Originally posted by rudy
                Are you gay serious question
                Only for the man himself. Eddie Youngstud Hearn

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                • PotentialToast
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                  #18
                  Originally posted by EasternEuroFan
                  Frank is shrewd. He will be wanting to go into Administration so he has time to re-organise the business. it's similar to Chapter 11 in the USA. it basically protects your business while you sorting out business finances. This isn't new to Frank. i'm sure he's done it before, as a lot of companies do. ... it doesn't really mean you're flat broke, it just means you need to get your assets in order. ...
                  Except it isn't when it is the tax man after you; you pay up or you are wound up.

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                  • Scary
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                    #19
                    Originally posted by Cloud
                    To be fair, Hearn practically heisted Froch from Hennessey, and he made the most out of Brook, whom Warren wasted.

                    I rate Frank as Britain's all time greatest promoter to be honest, but Eddie is deservedly a leading promoter.
                    Completely agree. Warren was a force, but it's new days. Maybe thanks to Floyd Mayweather, people want more control over their own carreer, more say. Which is super nice. In comes Eddie Hearn and sweeps the board.

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                    • COVID-19
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                      #20
                      They are forcing his hand to pay debts. The likelihood is that he can pay the money but would rather keep that money in his bank account until forced to and earn the interest meanwhile.

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