Comments Thread For: Danny Garcia Wants To Help Boxers Manage Finances After Career

[BIGPOPPAPUMP]

Danny Garcia may well be in the thick of his prizefighting prime, but he has already charted out what his post-career plans may look like. At the top of his priorities, apparently, is to bring a white collar mentality to a fundamentally blue collar pursuit. The welterweight contender from Philadelphia recently expressed his desire to start up a company that will cater to the oft-overlooked financial needs of professional fighters. As the saying goes, fighters fight, but what about their year-end taxes? Their mortgages? Their pensions? All of the facets, in other words, that are associated with the mainstream but are considered beyond the pale of the boxing industry?
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[Bronx2245]

Seems like a familiar interest among Haymon fighters!

[Beercules]

Danny has a good head on his shoulders.


He has a couple businessss in Philly from watching All Access


Nice mansion too.

[Oldskoolg]

Seems like a familiar interest among Haymon fighters!

This is the Al Haymon effect on boxing. This is why his fighters have more wealth than other promoters because of what he teaches them about keeping more of the money they are earning and turning it into more money. Every top 5%er in the USA should be in a position where his money is making him more money.
There is a reason why Edward wasn’t able to lure the PBC guys to Dayzin....

[Shadoww702]

This is the Al Haymon effect on boxing. This is why his fighters have more wealth than other promoters because of what he teaches them about keeping more of the money they are earning and turning it into more money. Every top 5%er in the USA should be in a position where his money is making him more money.
There is a reason why Edward wasn’t able to lure the PBC guys to Dayzin....

Yup bingo! Reason why Floyd was pissed at Pac for giving all the money to Bob Arum when they fought.

[Oldskoolg]

Yup bingo! Reason why Floyd was pissed at Pac for giving all the money to Bob Arum when they fought.

I never thought about that. That probably explains why arum is worth $300-400m. It’s interesting that Haymon is only worth $15-20m and his fighters are worth so much more than him. I’m positive his investments have investments and when he’s done he will clear himself far more than the watchers know but the point is floyd made upwards of 1b gross with haymon, far more than Haymon is worth. There is something to be said for a man who makes people more money than he himself is making/worth. I’ve never seen a boxer accuse Haymon of stealing from him like they have the promoters.

[whollisboxing]

Danny Garcia may well be in the thick of his prizefighting prime, but he has already charted out what his post-career plans may look like. At the top of his priorities, apparently, is to bring a white collar mentality to a fundamentally blue collar pursuit. The welterweight contender from Philadelphia recently expressed his desire to start up a company that will cater to the oft-overlooked financial needs of professional fighters. As the saying goes, fighters fight, but what about their year-end taxes? Their mortgages? Their pensions? All of the facets, in other words, that are associated with the mainstream but are considered beyond the pale of the boxing industry?
[Click Here To Read More]

I think this is awesome because the majority of fighters won’t be fighting on PPV in their 50’s like Mike Tyson and Roy Jones Jr.

Most might not ever see a million dollar payday either so I hope Danny Garcia follows through with his business idea.

[Afi23]

Seems like a familiar interest among Haymon fighters!

Indeed!
Throughout the years, it's been said that Haymon really tries to set up his fighters for their post-boxing life in ways that go beyond very generous boxing purses (official purse and the infamous "second check" and Haymon's lower "adviser" cut).
If any of these guys end up broke after their boxing career, they would likely only have themselves to blame.

[Afi23]

I never thought about that. That probably explains why arum is worth $300-400m. It’s interesting that Haymon is only worth $15-20m and his fighters are worth so much more than him. I’m positive his investments have investments and when he’s done he will clear himself far more than the watchers know but the point is floyd made upwards of 1b gross with haymon, far more than Haymon is worth. There is something to be said for a man who makes people more money than he himself is making/worth. I’ve never seen a boxer accuse Haymon of stealing from him like they have the promoters.

Real talk!
In recent times, I've seen exactly one fighter openly complain about Haymon and it's GRJ and he wasn't even complaining about money. GRJ was complaining about Haymon's perceived "inability" to land him a LSC fight.

[Oldskoolg]

Real talk!
In recent times, I've seen exactly one fighter openly complain about Haymon and it's GRJ and he wasn't even complaining about money. GRJ was complaining about Haymon's perceived "inability" to land him a LSC fight.

GRJ overstates his position.....which may improve if he fought more than 0 to 1 fight a year as champ