Waddell investment down to the last 82M? OUT of (521M)

[KTFOKING]

PBC may not have ended up how some thought it would end up, but Haymon still got what he needed. When it first started, the goal was for multiple networks to invest in the PBC after the time buys ran out with the hope of having a 100+ million budget. Now, maybe he didn't get two terrestrial networks as he wanted, but he still ended up with two networks investing big bucks into the PBC. Did people think the PBC was going to have 200+ million per year in their budget to satisfy the investors? I keep seeing people list how much money they spent and how the investors will never see the money, but what were they realistically expecting? Were they expecting to get their money back in five years? Regardless of how the PBC ended up here, they achieved in getting two networks to back them. And who knows, after the four year deal with FOX expires, they may end up re-upping for double that depending on how well the product is and what FOX wants to do with their programming. Look at how much the UFC was sold for. You think they are upset they won't be getting a ROI for a while? As more players enter the game, the more networks will have to invest in this sport. Haymon has by far the best and deepest stable in the game so he will always be a commodity for networks. If he got $60 million a year from both SHO/FOX, what is to say that number doesn't jump up the next time around? Actually, that's probably exactly what will happen. So the investors in the long run will be fine as long as Haymon has multiple network deals.

[Sweet Jones]

From 2/3/2016:

How are you gimps still arguing?

PBC is as good as dead. These Waddel and Reed people will see the loses, look at the numbers, and they will have already made a decision to can this **** as soon as possible.

YOu can't lose your investors 90% of what was put in and expect to still be backed by them. It's over. Haymon is just terrible as a business man, he messed up bad.

Oops

[Sweet Jones]

I've said for a long time this has been a heist from the beginning, and now the real investigation begins.

Ever since fhe guy that put this deal together left Waddell for PBC it was obvious to me something wrong wss brewing.

Nothing about this business plan made any sense.

They don't even bother to hire someone to be the face of the company.

They never wanted this thing to succeed, they just wanted to spend it all as quick as possible.

Another one (in DJ Khaled voice)

[Sweet Jones]

From 04/28/2016:

I been saying this just wait till the lawsuits start flowing. lol You can't mismanage money like PBC is doing without this happening. I'll say it again PBC will end up being one of the biggest acts of fraud a ponzi like scheme. I feel bad for any of the investors who saw their money just given to Haymon to buy private planes and who knows what else for his own private gains and the rest just set on fire in a dumpster. The writing is on the wall PBC will fold very soon.

Oops.

[Redd Foxx]

From 2/3/2016:



Oops

Lol

[Larry the boss]

Lol....................

[Sweet Jones]

Lol

Seriously bruh. Just pick a random page in this thread and the amount of pure comedic gold you'll find decrying PBC's eminent death is endless.

Been doing it all morning.

Props to zero for the bump.

[Sweet Jones]

From Steve Kim Article (2/1/2016)
Link

**SNIP**

Many now speculate that the PBC will die a quick death (or at least that’s what they hope). Nobody really knows except Haymon and he continues to play judge and jury while also collecting a fee from all his clients. Some are calling this a “smash-and-grab”; no matter what happens to the PBC, Haymon walks away richer for it.

This much is known: This has been an costly venture thus far.

Hey, it costs money to create a monopoly.

'They' can stop 'hoping' now. LOL

[IMDAZED]

Anyone who doesn't think PBC is going to end in disaster is utterly delusional. It has been doomed for failure from the start because it doesn't have a single fighter in the top 10 p4p, nor will it work with one that is. You cannot shut your eyes and pretend that the whole boxing world that isn't affiliated with Al Haymon doesn't exist.

It has made no inroads into changing the boxing landscape, apart from shutting down a bunch of anticipated fights. It's just going through the motions, making a some good fights and some totally illogical fights. A lot of its fighters are getting oddly good paydays, and Haymon too (basically writing himself a check each time )

Haymon screwed over HBO, screwed over Golden Boy, screwed over Showtime, and will screw over this investment firm. The Emperor has no clothes. He used to have a guy called Mayweather one, who was an amazing talent made on HBO, who fought De La Hoya and Hatton and became huge..and then retired.

All the Haymonites put all their faith in a guy who doesn't even talk, who won't even tell us what his model for success is. Why exactly should we trust this guy? He stunk up HBO, he stunk up Showtime, and he's made a mediocre start to network TV. You guys are so delusional, it's not even funny.

And when it all comes crashing down like it inevitably does, you have to hope that he hasn't permanently *****ed up boxing.

[b00g13man]

Egg on a lot of faces of posters in this thread. That last $82m sure went a long way...