How was haymon able to give manny $20 mil for thurman?

[killakali]

Nearly 4 years after folks like you were on here, talking all that ****, about how Haymon blew all of the investor money as if he was some kind of fool, you're dragging out that tired excuse again?

The fight drew 400k PPV buys in the US, not sure of the live gate but $5m+ isn't a bad guess imo, ITV paid what they paid for the UK TV rights, sponsors from the Philippines must've stepped up in a meaningful way to get center ring, and everyone was eating off of the same plate.

All the bills got paid, every fighter got their money (to then pay their camps), Haymon likely still didn't lose any money, and he delivered card featuring 10 other opportunities for the rest of the roster.

Haymon is working with TV money approaching $4m for each of the Showtime/FOX events, and that's before you count tickets and international TV.

No, he's not just getting bailed out

lmao what are U taking about ? Everyone knows Pac-Broner lost money. It was supposed to. It was to pay mannys tax debt. It’s not a secret.

Manny was guaranteed $20 and Broner $6 mil. We know what fight drew NEARLY 400k buys and we know u like to think of your self as the unofficial pbc CFO (lmaooo) but it isn’t up for debate if it made money. Everyone knows it lost money. Even if the biggest pbc nut huggers don’t dispute this.

Some of the fox shows lose money too just like some espn and DAZN shows. Sometimes it’s a loss to get to bigger fights. U just don’t really know much about the boxing business.

[sicko]

Manny already knew this and already made this money with his contract in the Phillipines. Plus he had his own promo company. That’s why he routinely made 20-30 mil or more per fight with TR until the last couple of fights when he was losing and his ppv numbers crashed

Maybe! Now it is no Arum to split some of it with!

[Scipio2009]

Al doesn’t really care about making money anyway. It’s about winning the game. He has his own personal wealth.

Al still has Waddell and Reed money. That’s a fact.

A Pacquiao Spence or crswfour d fight won’t make him all the money back. It’s about power and control.

He won’t get all that money back on wilder either.

I know floyd has investments and I also know for a fact he’s not a billionaire. I also know he’s been swindled more than once while working with al. Al couldn’t stop it.

Al Haymon, this was the case at least a year ago, basically owns 50% of LiveNation's hip hop/r&b touring business (chase down that value if you want), has how many show/movie credits from his work in TV, plus a basically 20-year with his management company.

And that's just the obvious stuff; money's not an issue for the man.

Errol Spence Jr, as the WBC/WBA/IBF 147lb champion will give Haymon a bankable star for as long as Errol wants to fight (even more so with Canelo fighting on an app that few have against whomever).

Deontay Wilder keeps winning in style, and he becomes a superstar too, with or without Joshua.

All while Haymon is still bringing along his 200+ fighters, earning his 10%-15% from the 70 or so fighters currently earning over that $250k threshold.

Floyd has his money tied up, if what's been put out there is true, mostly in annuities, REITs, and property. He has Mayweather Promotions, Mayweather Boxing Club, the TMT clothing brand, and Girl Collection to himself, and he's also partnered with folks in his circle on at least 4 other businesses, but the vast majority of his money is locked in interest-bearing assets that work on his behalf.

I have no idea how much money Floyd got "swindled" out of, but before the Canelo fight, Floyd had at least $150m in cash in the bank, the Big Boy Mansion in Las Vegas, homes in Los Angeles, Miami, and New York, a pretty stellar car collection (black in Vegas, white in Miami), a pretty good watch collection, however much in luxury bags/clothes (no idea how to value that), and apparently his own jet, with basically no creditor issues.

Floyd faces a forced liquidation of everything that moment, Floyd is likely talking about $250m-$275m in cash and assets. And that's before splitting at least $100m with Canelo, at least $400m with Pacquiao, another $400m with Conor McGregor, a likely $200m for the other 4 fights on the final Showtime/CBS deal, and that's without counting any side money (sponsors, appearance fees, etc).

Pay taxes, trainers, Haymon, etc, Floyd likely left boxing with $700m-$800m in assets to his name, with a handful of places delivering him residual income for just existing.

10Y treasury pays you about 2.5% each year; $500m in 10Ys earns you $12.5m per year, basically risk free without touching any of the principal.

SPY gives 4 times that (counting dividend plus avg growth), without really raising the risk all that much.

Whether he's there or not, he had a heckuva headstart from, and simple compounding of interest likely gets him there by the time he's 50, if nothing goes wrong.

[-Kev-]

Well idk how much Pac is earning but Bob is stingy like that. He also offered Mayweather $8mill for Margarito, and only $7mill for Cotto and Hatton, who were bigger names than Margarito in 2006. Bob also said the $20mill for DLH that Mayweather asked for, is too much, yet Floyd earned $30mill for that fight after joining Haymon. Besides that, Arum didn't want to make the fight cause he was still salty about DLH leaving him and making more money without him.

In short, what's happening here is that Haymon allows his fighters a bigger cut than Arum. It's like day and night. You can argue against it all you want, but it's obvious.

Arum said while Mayweather would have taken the $8 million to fight Margarito, he asked for a $10 million guarantee to fight opponents such as Miguel Cotto and Ricky Hatton, when Arum was only willing to guarantee $7 million.

Arum said Mayweather also asked for $20 million to fight De La Hoya, a fight Arum said he wasn't interested in participating in.

"That's not in the cards," Arum said. "He wants $20 million for the De La Hoya fight? It's not there. Sometimes, my man, you gotta know when to hold 'em and when to fold 'em. We'll talk about things down the road."

http://www.espn.com/sports/boxing/news/story?id=2420382

[Scipio2009]

Count the noses

lmao what are I taking about ? Everyone knows Pac-Broner lost money. It was supposed to. It was to pay mannys tax debt. It’s not a secret.

Manny was guaranteed $20 and Broner $6 mil. We know what fight drew NEARLY 400k buys and we know u like to think of your self as the unofficial pbc CFO (lmaooo) but it isn’t up for debate if it made money. Everyone knows it lost money. Even if the biggest pbc nut huggers don’t dispute this.

Some of the fox shows lose money too just like some espn and DAZN shows. Sometimes it’s a loss to get to bigger fights. U just don’t really know much about the boxing business.

Pacquiao got $20m, Broner got $6m; cool story and won't argue it. Pay for the undercard, stage the event, market/promote the event, and everything in, let's even say that $30m was needed to break even.

Half the generated revenue and you've got ~$15m coming from US TV, with another $6m from the live gate. $9m to go.

ITV carried the fight in the UK, the live fight was PPV in the Philippines, with DAZN paying up for the rights in their European territories and Japan, with the folks behind Disney+ paying up for the rights to the fight across Latin (with TV Azteca keeping Mexico to itself).

And then you've got the event sponsors.

Simply looking at the pieces, obviously without having the complete information, simply stating that the fight lost money because that's what you think is a bit much.

[IMDAZED]

He gave manny $20 million for Broner. It’s an easy answer. Waddell and Reed.

But you told me the money ran out and that’s why they had nothing left for shows last year

[Motorcity Cobra]

i hope thats not true...if it is its a terrible look for crawford.....it would be a great payday and he should have his way with brook and its great exposure for him

spence had 0 problems

AFTER the Brook fight if he's forced to go to the UK

[Pigeons]

Top Rank really screwed Crawford there. Pacquiao's scalp should have been Crawford's.

[Motorcity Cobra]

lol 5 more years on that contract.

How many were left on Floyd's or Oscar's contract when they left?

[Curt Henning]

Top Rank really screwed Crawford there. Pacquiao's scalp should have been Crawford's.

yup.....but thats bob...he was the same one that said hed lose money on floyd/oscar so he told floyd he wouldnt do it...little did he realize had he done that he would have made money hand over fist....but bob didnt believe in floyd....

bob was probably afraid the guarantees for pac and crawford would be too much...and hes not really liking the idea of "spending money to make money" at this point

but yeah...if bob had been smart he would have gotten that done....keeps pac away from being used by haymon...and prob sets crawford up nice