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From Rick Glaser:
Rumors abound that PBC being shopped around for a potential sale, and it's now supposedly down to one potential purchaser. The likely buyer is Ari Emanuel, the Hollywood Mogul that co-owns the WME agency, and Zuffa, better known publicly as UFC. The sale is not a cash out by Al Haymon, it's a forced sale by Waddle-Reed, the company that put up the 550 million for PBC. Being told by several reliable sources that PBC, even since they stopped paying for time buys, has still never turned a profit.
Waddle-Reed I'm told is wore out from Al Haymon's failed projections of forthcoming profitability, and Waddle-Reed is forcing the transaction. To quote the attorney source "A lot of smoke and mirrors with PBC, but nothing fruitful financially" If Ari Emanuel is the buyer, look for Dana White to be the "Frontman" for the boxing venture too, as White is for the UFC.
Other boxing business powerhouses like Bob Arum, Eddie Hearn, and also Oscar De La Hoya are not interested and or prohibited from purchasing PBC as all PBC fights are on Fox Platforms, and Showtime, because of Arum, Hearn, and Oscar's respective exclusivity, Arum with Disney/ESPN, and Hearn in America with DAZN, and Oscar with DAZN.
There are several issues that need to be cleared up, between Haymon and Waddle-Reed, and Waddle-Reed without Haymon may possibly still retain some ownership with Emamuel's group. We'll see how this unfolds over the next several months, and as more information becomes available, you'll have it here.
Rumors abound that PBC being shopped around for a potential sale, and it's now supposedly down to one potential purchaser. The likely buyer is Ari Emanuel, the Hollywood Mogul that co-owns the WME agency, and Zuffa, better known publicly as UFC. The sale is not a cash out by Al Haymon, it's a forced sale by Waddle-Reed, the company that put up the 550 million for PBC. Being told by several reliable sources that PBC, even since they stopped paying for time buys, has still never turned a profit.
Waddle-Reed I'm told is wore out from Al Haymon's failed projections of forthcoming profitability, and Waddle-Reed is forcing the transaction. To quote the attorney source "A lot of smoke and mirrors with PBC, but nothing fruitful financially" If Ari Emanuel is the buyer, look for Dana White to be the "Frontman" for the boxing venture too, as White is for the UFC.
Other boxing business powerhouses like Bob Arum, Eddie Hearn, and also Oscar De La Hoya are not interested and or prohibited from purchasing PBC as all PBC fights are on Fox Platforms, and Showtime, because of Arum, Hearn, and Oscar's respective exclusivity, Arum with Disney/ESPN, and Hearn in America with DAZN, and Oscar with DAZN.
There are several issues that need to be cleared up, between Haymon and Waddle-Reed, and Waddle-Reed without Haymon may possibly still retain some ownership with Emamuel's group. We'll see how this unfolds over the next several months, and as more information becomes available, you'll have it here.
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