Originally posted by Dean_Razorback
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Did Al Haymon Give Adrien Broner a Loan?
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I've got this feeling that some day I'll be walking with a friend and we'll stumble upon a crack head trying to sell us cheeseburgers. It'll be Adrien Broner. He'll insist we buy his cheeseburgers and then offer to.... well... you saw the movie.
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Originally posted by Redd Foxx View PostI've got this feeling that some day I'll be walking with a friend and we'll stumble upon a crack head trying to sell us cheeseburgers. It'll be Adrien Broner. He'll insist we buy his cheeseburgers and then offer to.... well... you saw the movie.
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Originally posted by boxinghead530 View PostWell it's widely known in the industry that Broner is broke, for real, and is only fight by fight rich. He gets his million for a fight and by the time his next fight rolls around he's tap out monetarily. That is fact. This fight with Porter, Uncle Al did give him an advance. Does that sound like someone who is caked up? Floyd don't go looking for an advance from Uncle Al.
Anyway Broner is just a paycheck to paycheck guy. He's to dumb to know how to turn his "right now" money into long term money. It's sad considering he has five kids. He'd rather give that money to strippers and partying and useless jewelry than to invest it into his childrens future wellbeing.
example: $1.5m was the reported purse on the fight. Haymon gets his 15%, trainer picks up 10% (assuming that the fight promoter got his own piece off of the entire event, rather than fighter to fighter), and then count another 10% for camp expenses (sparring partners, cutmen, nutritionist, etc). Before taxes, you'd be down to just short of $1m [40% owed to federal/state/local taxes cuts that number by $600k]. After taxes, he'd have ~$400k to himself.
At this point, you take 10% of the final take and you sock it away (most people think stock investing is too risky/not exciting enough; if that's the case, take the money and invest in property); do that on every fight and, though you might end up blowing every other penny you'd picked up, you can still retire with at least 3-5 rental homes/properties generating income for you to live off of.
That very move is what is allowing Paul Williams to do okay by himself, even after his accident; hopefully Broner listened to Haymon a bit, too.
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Originally posted by sicko View PostBroner is one of those guy who live ABOVE what he makes. Broner makes good money but Broner tries to live like Mayweather but he doesn't make Mayweather money. You trying to be in Strip Clubs throw up money he really can't afford to throw up. The Man has 5-6 KIDS at the age of 25 and he is doing stuff like THIS:
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Originally posted by Ahmed_Ismail View Post, people don't get this famous and rich by being this stupid,
As someone who has worked with a fair number of famous and formerly famous people I can tell you that, as Einstein said, stupidity is without limitations. Celebrity and intelligence have ZERO correlation. I had a buddy (musician whose work you've undoubtedly heard) that blew through 5 mill on coke and booze. The idea that celebs never spend money at clubs is a fallacy too. Some don't, but Adrien Broner wasn't even D-list when he started blowing cash and showing it on YouTube. In the scope of things, Danny Bonaducce is a bigger celeb than Broner and it's unlikely that Adrien's stock is ever going back up. He strikes me as being truly unintelligent with poor restraint and I don't think the future will be kind to him.
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Originally posted by mysportsportal View PostDid Al Haymon Give Adrien Broner a Advance like they do in the music industry? Hearing some of Haymon's fighters get advances that are paid back after their fight.
Check out video -> https://www.youtube.com/watch?v=CKqF5QVLEl8
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When the pay days start to dry up then those 6 kids Momma's start speaking to lawyers.
Then the s**t really hits then fan.
AB is no listener so forget 'Financial Advice'.
Now he is 'young, flash and fly doe'
In a few years he is doing that cheeseburger thing on the corner...
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