Waddell and Reed is a mutual fund, with some like $60b in AUM that they have to figure what to do with.
Risk is risk, but PBC made it through; to the tune of $100m+ in domestic TV revenue, how much for the international feed of their product, the piece to PBC from PPV, and a likely chunk of Haymon's managerial fee going forward.
Scared money don't make money, and it looks like W&R may have hit on an investment that'll be beneficial long-term.
Risk is risk, but PBC made it through; to the tune of $100m+ in domestic TV revenue, how much for the international feed of their product, the piece to PBC from PPV, and a likely chunk of Haymon's managerial fee going forward.
Scared money don't make money, and it looks like W&R may have hit on an investment that'll be beneficial long-term.
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